Commercial Property in UB3 available for sale
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Petrol Station for Sale near the UB3, Hayes

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Retail Properties for Sale Near the UB3, Hayes

More details for Station Rd, Hayes - Retail for Sale

Vantage Building - Station Rd

Hayes, UB3 4FL

  • Retail for Sale
  • £312,000
  • 1,475 sq ft
  • 1 Unit Available
  • Security System

Hayes Retail for Sale

Play Hayes have been in occupation since 2013 having renewed their lease on 10th October 2023 on an effective Full Repairing and Insuring 20 year lease, held outside the security of tenure provisions of the Landlord & Tenant Act, expiring on 9th October 2043. The current rent payable is £29,500 pa (equivalent to £20 per sq.ft) with 5 yearly upward only, open market rent reviews, the next in October 2027. There is a tenant only break option on 9th April 2027 on 6 months prior notice. In the event that the break is not operated the tenant will be provided four months rent-free. There is a rent deposit of £11,250. Being offered for sale on a virtual freehold basis (999 years from 2020 at a peppercorn rent) for £312,000 (equivalent to £211 per sq.ft). A sale at this level would produce a 9.16% Net Initial Yield.

Contact:

Cherryman

Property Subtype:

Shopfront Retail / Residential

Date on Market:

24/07/2025
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