Description

This property is arranged over basement, ground and first floors to provide a banking hall with staff, office and storage accommodation above. The basement is accessed via a hatch and is not presently used. The rear benefits from a garage used as a ground floor beauty salon accessed from St George Avenue.

Accomodation

The following breakdown indicates the area’s and dimensions of the unit:

FLOOR ACCOMODATION AREA sqm AREA sqft
Ground Bank of Scotland plc (t/a Halifax) 200.35 2,157
Ground Makeup Mart 35.00 377
First Bank of Scotland 177.50 1,910
Total 412.85 4,444

Key Features

  • Bank lease expiry June 2028(no breaks)
  • Bank rent review June 2023
  • Busy and densely populated West London suburb which will benefit from crossrail
  • Electric shutters
  • Future development opportunity of the upper parts
  • Includes rear unit on separate lease
  • Majority let to Bank of Scotland plc by way of lease renewal
  • Potential to add additional floor
  • Rear access through the alley
  • Total current rent reserved £251000
  • Well located bank and retail investment

Location

Southall is a major, densely populated West London suburb situated within the London Borough of Ealing. Southall is some 11 miles west of Central London, 3 miles from Ealing and some 1.5 miles north of the M25 (Junctions 15/16).
The town is served by rail, with regular services to London Paddington and will also benefit from Crossrail services. Heathrow Airport is some 7 miles to the west.

The property is situated in an excellent trading position in the heart of Southall’s retail area. Occupiers close by include The Post Office (adjacent), Lloyds Bank, Barclays, HSBC, NatWest, Santander, Ladbrokes (opposite), Holland & Barrett, Greggs, Poundland and Boots.


Planning
At expiry of the lease, the upper floors may lend themselves to residential conversion, in addition to adding an additional floor, subject to obtaining all the necessary consents.All enquiries should be referred to Ealing Council.
Tel: 0208 825 6600.

Business Rates

To be assessed.

Legal Cost

Each party to be responsible for their own legal costs.

Tenure

Rental £251,500 per annum