An excellent opportunity to acquire a substantial mixed-use investment property situated on North Road, North Parade, Southall. The property occupies a prominent position within an established local parade, with the surrounding area benefiting from a variety of independent retail and commercial occupiers. North Parade is located close to Southall Broadway and Southall Elizabeth Line station.
The property is arranged to provide two separate commercial units at ground-floor level, currently occupied by a beauty salon and barber shop, providing an established commercial income stream.
The upper part of the property provides a spacious two-double-bedroom residential flat, offering excellent living accommodation and further rental potential. In addition, there are two further rooms to the rear of the property, providing an additional source of rental income, subject to the necessary consents and arrangements.
The property is held on a leasehold interest with approximately 250 years remaining, providing a long-term interest for an investor.
Accommodation & Income:-
- Two separate ground-floor commercial units
- Beauty salon
- Barber shop
- Spacious two-double-bedroom flat above
- Two additional rooms to the rear
- Long leasehold interest with approximately 250 years remaining
- Established mixed-use location
- Multiple income streams
Approximate Rental Income:
Commercial units: £20,000 per annum
Two-bedroom flat: £20,000 per annum
Two additional rear rooms: £14,000 per annum
Total approximate rental income: £54,000 per annum
This represents an attractive opportunity for an investor seeking a multi-income-producing property with both commercial and residential elements, while benefiting from a long leasehold interest.
Viewing is highly recommended to appreciate the accommodation, layout and income potential of the property.
Tenure: Leasehold
Reference: CS0035