51 Lampton Road, Hounslow, Middlesex, TW3 1LY
Guide Price* : £1,850,000
Newly Converted Office to Provide Eight Flats
- New build block of flats
- Potential SDLT saving via an SPV purchase
- ERV of approximately £90,000 per annum reflects a yield of 4.9% on guide price
The property forms a semi-detached former office building which has recently been converted into eight self-contained flats and studios with associated parking.
The flats are finished to a modern specification and are well sized for the local market.
The subject is located in the London Borough of Hounslow, approximately 11 miles to the west of Central London and 3 miles to the west of London Heathrow Airport. The town has become a residential hub in recent years with approximately 1 million people living within a six mile radius of Hounslow Town Centre. Over the last five years, the TW postcode area has seen average compounded house price growth of 5.07% which is well above the national average of 1.93%.
Hounslow benefits from excellent road communications, being within 5 miles of both the M3 and M4 motorways, which provide a link with Central London, the M25 and provide the principal means of communication to the south west and west respectively.
The property is situated on the east side of Lampton Road close to its junction with Queen’s Road. Hounslow Central London Underground station is a short walk away whilst the Treaty Shopping Centre and the High Street in Hounslow are within 0.5 miles.
London Borough of Hounslow - www.hounslow.gov.uk (020 8583 2000)
The property is elected for VAT
It is envisaged that the property will be sold via its holding company 51 Lampton Road Limited (11206383)
|Flat 1||Lower Ground||One Bedroom||48.5||522|
|Flat 2||Lower Ground||One Bedroom||48.5||522|
|Flat 4||Ground||One Bedroom||32.0||344|
|Flat 6||First||One Bedroom||41.5||447|
01628 771 221
* 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.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
This auction is now closed.
Connecting to server...
The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2021
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.