Available
London UB8 – Beauty Clinic & Office
18 High Street, Uxbridge, London UB8 1JNVirtual Freehold Medical/Office Investment with Future Development Potential
Price
OIEO £495,000
Rent P.A.
£37,550
Yield
7.59%
Tenure
Leasehold
Lease Term
Multiple
Years Left on Lease
8y 4m
Area
2,088 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Grade II Listed Building
- Comprises first floor beauty clinic and second floor office premises
- Total area size of 194 sq m (2,088 sq ft)
- Future development potential to convert to multiple residential units, STTP
- Freeholder consent for change of use granted
- Located within short walk to Uxbridge Underground Station
- Nearby occupiers include HSBC, Santander, Lloyds, Boots, Costa Coffee and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises First Floor Beauty Clinic and Second Floor Office Premises in a Three-Storey Grade II Listed Building.
The property provides the following accommodation and dimensions:
First Floor: Beauty Clinic - 129 sq m (1,388 sq ft)
Reception Area, Treatment Rooms, Office, WC
Second Floor: Office Space - 65 sq m (700 sq ft)
Office Rooms, Kitchenette, WC
Development Potential:
Development potential to convert existing medical and office premises to self-contained residential flats, subject to obtaining the necessary consents. Freeholder consent for change of use granted.
The proposed development would provide the following accommodation and dimensions:
First Floor: 129 sq m (1,388 sq ft)
Flat 1 – Open plan Kitchen/Living room, Bedroom, Bathroom
Flat 2 – Open plan Kitchen/Living room, Bedroom, Bathroom
Flat 3 – Open plan Kitchen/Living room, Bedroom, Bathroom
Second Floor: 65 sq m (700 sq ft)
Flat 4 – Open plan Kitchen/Living room, Bedroom, Bathroom
Total GIA: 194 sq m (2,088 sq ft)
The property provides the following accommodation and dimensions:
First Floor: Beauty Clinic - 129 sq m (1,388 sq ft)
Reception Area, Treatment Rooms, Office, WC
Second Floor: Office Space - 65 sq m (700 sq ft)
Office Rooms, Kitchenette, WC
Development Potential:
Development potential to convert existing medical and office premises to self-contained residential flats, subject to obtaining the necessary consents. Freeholder consent for change of use granted.
The proposed development would provide the following accommodation and dimensions:
First Floor: 129 sq m (1,388 sq ft)
Flat 1 – Open plan Kitchen/Living room, Bedroom, Bathroom
Flat 2 – Open plan Kitchen/Living room, Bedroom, Bathroom
Flat 3 – Open plan Kitchen/Living room, Bedroom, Bathroom
Second Floor: 65 sq m (700 sq ft)
Flat 4 – Open plan Kitchen/Living room, Bedroom, Bathroom
Total GIA: 194 sq m (2,088 sq ft)
Tenancy Description
The first floor is at present let to Smart Clinics for a term of 10 Years from 25th March 2023 at a current rent of £29,000 per annum and the lease contains internal repairing and insuring covenants. Deposit held of £12,000. Lease within Landlord & Tenant Act 1954. Rent review in March 2028 open market upward only. Tenant option to determine in March 2028 with min 9 months notice. Lease renewal. Tenant in occupation since 2013.
The second floor is at present let to Rose Williams Limited for a term of 15 Years from 24th March 2014 at a current rent of £8,550 per annum and the lease contains internal repairing and insuring covenants. Lease within Landlord & Tenant Act 1954. Rent review from March 2024 outstanding.
Tenure:
Virtual Freehold. Held on a 999 Year Lease from the 19th November 2021 at peppercorn ground rent.
The second floor is at present let to Rose Williams Limited for a term of 15 Years from 24th March 2014 at a current rent of £8,550 per annum and the lease contains internal repairing and insuring covenants. Lease within Landlord & Tenant Act 1954. Rent review from March 2024 outstanding.
Tenure:
Virtual Freehold. Held on a 999 Year Lease from the 19th November 2021 at peppercorn ground rent.
Tenancies & Accommodation
Location Description
Uxbridge is a suburban town in West London and the administrative headquarters of the London Borough of Hillingdon. Situated 15.4 miles west-northwest of Charing Cross, it is one of the major metropolitan centres identified in the London Plan. The property is located within short walk to Uxbridge Underground Station, providing direct and fast access to Central London. Nearby occupiers include HSBC, Santander, Lloyds, Boots, Five Guys, Costa Coffee and more.
