Freehold Betting Office and Residential Ground Rent Investment

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Savills hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 11 Oct 2026.

Savills' record

About the lot

Freehold Betting Office and Residential Ground Rent Investment part let to William Hill (Holding over). Asset management opportunity. Current rents £6,700 p.a. Freehold Betting Office and Residential Ground Rent Investment. Part let to William Hill (Holding Over). Well located in a West London parade. Benefits from gated service road and parking. Asset management opportunity. VAT is not applicable. Investment let at £6,700 p.a. A freehold mixed-use investment comprising a ground floor retail unit together with a self-contained first and second floor flat above. The ground floor premises are occupied by William Hill and have been comprehensively refurbished and fitted out as a licensed betting office. To the rear is secure parking with access via a gated service entrance from the front. Tenancy: 1 Dawley Parade Let to William Hill Organisation Limited on a full repairing and insuring (FRI) lease for a term of 10 years from September 2008 at a rent of £6,500 per annum. A reversionary lease was granted from September 2018 to September 2023. The tenant is currently holding over, providing potential asset management opportunities. 1A Dawley Parade The upper parts comprise a self-contained first and second floor flat held on a 99-year lease from 25 March 1987 at a current ground rent of £200 per annum until 24 March 2053, rising to £300 per annum thereafter. Tenure: Freehold. The property is situated in Hayes, a densely populated West London suburb within the London Borough of Hillingdon. Occupying a prominent corner position within Dawley Parade on Dawley Road, the property forms part of an established neighbourhood retail parade serving the surrounding residential area and benefits from convenient access to the A312, A4020 and M4 motorway.