Sponsored Get a Survey — free quotes via ReallyMoving
0 bed property
Next Steps
Sponsored — free quotes via ReallyMoving
Get a Survey
Check the property matches the approved plans — compare up to 5 quotes
Our Summary
- A prominent freehold semi-commercial investment for sale in the heart of Greenford, benefiting from planning permission for a two-storey rear extension to create a 1-bedroom flat on the first and second floors (rear)With Rental incomeThe property currently comprises a ground floor commercial shop with land and studio flat to the rear, with planning permission granted to extend the ground floor commercial unit and to construct a 1-bedroom flat over the first and second floors at the rear
- The property is chain free and presents a solid investment opportunity in a growing area
- The entrance staircase leading to the rear development/flat is included within the sale, which will provide access to the proposed residential unit in accordance with the granted planning permission
Get alerted when similar properties are listed — Subscribe
Description
The property is a freehold semi-commercial investment located in the heart of Greenford, currently comprising a ground floor commercial shop, land, and a studio flat to the rear. The commercial unit is let on a 10-year lease until 2026, and there is potential to renew the lease with a proposed premium of £25,000 plus VAT. A rear flat on the first and second floors has planning permission, with an estimated rental income of £1,100 per month.
The property also benefits from ground rent income of £600 per annum from a front upstairs flat.