138-138A Hillview Avenue

Key Points

• Freehold offered with vacant possession of the retail (GF), and first floor flat subject to an AST
• Located in Hornchurch in the London Borough of Havering
• Ground floor retail unit is vacant and self contained flat is let at £775pcm (tenant holding over - due to vacate)
• With rear garage / garden / yard area - potential to extend building
• Of interest to owner occupiers and investors

Description

The property comprises a two storey middle terrace property of traditional construction (brick and pantile roof tiles) comprising of a shop and upper floor 1 bedroom flat. The shop is vacant and previously trading as a beauty salon.

The shop provides accommodation over the ground floor level. The internal accommodation includes a front sales area and is partitioned as smaller treatment rooms (but could provide an open sales area), rear store, kitchenette, and WC.

The shop includes laminate flooring, suspended ceiling, inset lighting, shop window frontage, and security shutters.

The flat is accessed via a front door to the side of the shop. An entrance lobby leads to a staircase to the first floor. The first floor includes a front living room, front kitchen, bathroom (wash basin, bath, shower, WC) and rear bedroom. The flat includes double glazing, painted walls, and carpets.

We understand the services are split between the flat and shop. Electricity, water, gas and drainage services to the flat. Electricity, water and drainage to the ground floor.

At the front of the property of the property there is a front display area. To the rear of the property is a yard / garage / garden area with access to a rear service access.

Location

The property is located on Hillview Avenue, Hornchurch in the London Borough of Havering. The property is located within a suburban residential area, within a small retail parade.

The location is a short distance from the various amenities in Hornchurch town centre, close to Emerson Park and with good access to Gidea Park and Romford.

Tenure

The property is offered for sale on a Freehold basis.

Freehold - Title Number EX32956

Tenancy Details

The ground floor retail will be offered with vacant possession. This part of the property could be suitable for owner occupation or re-letting for investment. We would anticipate the shop premises should be able to command £1,000pcm (£12,000 pa) if let out.

The flat is let out on the basis of an Assured Shorthold Tenancy (AST) and holding over on a rent of £775pcm. The tenant is due to vacate in early 2023. We would anticipate the flat could be re-let at around £1,000pcm or of course be suitable for owner occupation.

Price

£350,000. We understand VAT is not payable on the purchase price.

Legal Costs

Each party to bear their own legal costs incurred in this transaction.

Viewing Arrangements

For further information or accompanied viewings, please contact the agent:
Francois Neyerlin
Telephone: 01708 973700
Email: francois.neyerlin@smcommercial.co.uk

Viewings strictly via appointment with the agent only.

Available Area

Name	Sq Ft	Availability
Shop Area	361	Available
Kitchenette	56	Available
Rear Store	88	Available
Flat (front lounge)	140	Available
Flat (kitchen)	50	Available
Flat (rear bedroom)	124	Available
Total	819