DevelopmentPlot for sale in Pheonix Works, Cornwall Road, Hatch End, HA5

INVESTMENT / DEVELOPOMENT For sale freehold subject to the existing leases. A rare opportunity to purchase an investment property with redevelopment potential. The property comprises three adjoining single storey buildings used as a yoga studio, private members club and a beauticians. Our client is selling the freehold interest, subject to three leases which are outside the security of tenure provisions of the Landlord & Tenant Act 1954. UNIT 2A Four years from 22.06.24 at a rent of £19,000 pa for two years rising to £20,000 pa. Tenant break 22.06.26 The tenant is Yoga Collective London Limited with a guarantor and there is a rent deposit. UNIT 2B Five years from 18.04.24 at a rent of £20,000 pa. There are rolling mutual break clauses after 18.04.26. The tenants are four individuals and there is a rent deposit. UNIT 2C Let on a 5 year lease from September 2025 subject to a tenant only break clause after 2 years. Rent £8,000 pa. The tenant is an individual with a guarantor and rent deposit. FULLY LET INVESTMENT DEVELOPMENT POTENTIAL POPULAR LOCATION YOGA/CLUB/RETAIL USES LEASES OUTSIDE LTA 1954 SHORT TERM LEASES ACCOMMODATION SQ FT SQ M UNIT 2A 1,226 113.9 UNIT 2B 965 89.65 UNIT 2C 200 18.58 Location The property is situated in a service road off Cornwall Road running behind the shops on the south side of Uxbridge Road. Hatch End is an affluent residential area well known for its large range of high quality restaurants, beauty and skin treatment services and furnishing stores. There are also a number of retail outlets including a large Morrisons Food Store. Hatch End Station is nearby and provides rail access to Central London and Watford. By road, the M1 and A41 are within 15-20 minutes drive. An energy performance certicate (EPC) is available upon request. The properties have the following ratings of:- Unit 2A - D (77) Unit 2B - C (74) Unit 2C - B (38)