An unbroken, freehold parade comprising 6 x retail units let producing £89,200 pa, 7 x flats (held on leases including 1 x 41 year, 3 x 63 year terms) and 1 vacant garage. Return frontage site of 0.38 acres.

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Description/Location

We refer bidders to the legal pack for a detailed schedule of leases. Potential to develop the building by way of an additional floor, subject to planning. Located in the centre of Langley with easy access to the M4 junction 5 and approximately 0.2 miles from Langley railway station (Elizabeth Line) with trains to London Paddington and Reading.

Commercial tenancies

Tenant	Term of Lease	Rent
Coral Racing	10 years from 08/07/2007 Holding over	£11,200 per annum
Oakwood Estate Agents	10 years from 01/07/2019	£16,000 per annum
Lodge Bros (Funerals)	10 years from 30/01/2020	£16,000 per annum
Kaiizen Ltd	15 years from 07/08/2022	£30,000 per annum
JC Frost & Co	10 years from 02/02/2024	£16,000 per annum

Flat lease information

Schedule of Tenancies	Term of Lease	Current Rent
Flat 1	131 years unexpired	Peppercorn
Flat 2	131 years unexpired	Ground rent £20 p.a
Flat 3 - 99 years from 01/03/1967	41 years unexpired	Ground rent £20 p.a.
Flat 4	154 years unexpired	Peppercorn
Flat 5 - expiring 29/06/2088	63 years unexpired	Ground rent £20 p.a.
Flat 6 - expiring 29/06/2088	63 years unexpired	Ground rent £20 p.a.
Flat 7 - expiring 29/06/2088	63 years unexpired	Ground rent £20 p.a.
1 x vacant garage - estimated rental value £100 per month

Tenure

Freehold

Office Contact

Please contact Network Auctions on 020 7871 0420

Rent

Commercial Rents: £89,200 pa. Ground Rent: £100 pa.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.