Property photos
Freehold
Guide price
£3,050,000
(£781.05/sq. ft)
Property for sale
Viva Village Building, Ealing Road, Alperton, Wembley, Greater London HA03,905 sq. ft
Local area information
Property location
Nearby amenities
- The Corner School (SEN) 0.1 miles
- Alperton Community School 0.2 miles
- Alperton 0.3 miles
- Wembley Central 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Central London and Wembley to find out more about the local area.
Features and description
- Freehold
- Scope for 4 New Flats
- Strong Rental Income
- Established Tenant
- Previous Planning Consent
- Corner Position
A large ground floor shop with upper floors suitable for redevelopment.
Location
Ealing Road is a vibrant shopping area which is renowned for specialist Asian goods including high-end jewelry stores, clothes boutiques and housewares. The area is also a destination for Indian restaurants and street food. 192 Ealing Road enjoys a prime pitch on the corner of Bowrons Avenue and alongside Punjab Bank and Fudco and opposite vb & Sons supermarket.
Terms
The property is for sale freehold with the benefit of the existing tenants and income. Offers in excess of £3,050,000 (Three Million and
Fifty Thousand Pounds) reflecting a gross yield of 5.75% before allowing for standard purchasing costs.
Planning
Planning consent was granted on 11/06/20 for a first floor extension and loft conversion to provide 4 new flats consisting of 1 x studio, 1 x 1 bedroom and 2 x 2 bedroom flats. The planning consent lapsed in June 2023. Planning reference 19/1099. Floor plans and decision notice available upon request.
Viewing
Viewing is by appointment only to be arranged in prior advance via the owners selling agents Chamberlain Commercial Contact Tony Chamberlain
VAT
The property is not elected for VAT.
Energy Rating
Energy Rating C.
Rental And Income
The ground floor shop is occupied by Viva Group Ltd trading as Viva Village. The lease was for a term of 7 years which expired on 31/5/23. The tenant is currently holding over paying a rent of £149,000 per annum. The lease was outside of the security provisions of the Landlord & Tenant Act 1954. The shop has been sub-divided into 14 kiosk style units, which are sub-let and fully occupied on short term agreements.
The flat is let to a single tenant on an Assured Shorthold Tenancy Agreement paying a rent of £26,400 (£2,200 pcm).
The total rental income is £175,400 per annum.
Location
Ealing Road is a vibrant shopping area which is renowned for specialist Asian goods including high-end jewelry stores, clothes boutiques and housewares. The area is also a destination for Indian restaurants and street food. 192 Ealing Road enjoys a prime pitch on the corner of Bowrons Avenue and alongside Punjab Bank and Fudco and opposite vb & Sons supermarket.
Terms
The property is for sale freehold with the benefit of the existing tenants and income. Offers in excess of £3,050,000 (Three Million and
Fifty Thousand Pounds) reflecting a gross yield of 5.75% before allowing for standard purchasing costs.
Planning
Planning consent was granted on 11/06/20 for a first floor extension and loft conversion to provide 4 new flats consisting of 1 x studio, 1 x 1 bedroom and 2 x 2 bedroom flats. The planning consent lapsed in June 2023. Planning reference 19/1099. Floor plans and decision notice available upon request.
Viewing
Viewing is by appointment only to be arranged in prior advance via the owners selling agents Chamberlain Commercial Contact Tony Chamberlain
VAT
The property is not elected for VAT.
Energy Rating
Energy Rating C.
Rental And Income
The ground floor shop is occupied by Viva Group Ltd trading as Viva Village. The lease was for a term of 7 years which expired on 31/5/23. The tenant is currently holding over paying a rent of £149,000 per annum. The lease was outside of the security provisions of the Landlord & Tenant Act 1954. The shop has been sub-divided into 14 kiosk style units, which are sub-let and fully occupied on short term agreements.
The flat is let to a single tenant on an Assured Shorthold Tenancy Agreement paying a rent of £26,400 (£2,200 pcm).
The total rental income is £175,400 per annum.
More information
Listed by
Chamberlain Commercial
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