Summary
| Property Type | Investment / Residential / Retail |
| Tenure | For Sale |
| Size | 2,086 sq ft |
| Price | Offers in the region of £1,200,000 |
- Commercial premises leased to 2029
- Total current income £67,150pa.
- Reversionary potential
- Asset management opportunities
- First Floor Residential let on ASTs
- Second floor sold off LLH with 94 years unexpired
About
The shop has been configured to provide raised ground and lower ground floor retail/treatment room space. The property provides a total area of 1,166 sq ft/108 sq.m on two levels. The upper floor provides a ‘sales’ area of 461 sq ft with a further area of 264 sq ft, totalling 725 sq ft. Both areas are air-conditioned and have a mixture of wood flooring and carpets. The lower ground floor comprises a lobby with kitchenette and WC leading to 2 separate areas. In total 441 sq ft. Ceiling height 7’4 to 8’. The in-hand first floor flat comprises a one-bedroom flat with a well-lit kitchen/living room at the front of 223sf, and a double bedroom at the rear of 160sf, totalling c.460sf.
Accommodation
| Name | sq ft | sq m | Availability |
| Unit - Upper Ground & Lower Ground | 1,166 | 108.32 | Let |
| 1st | 460 | 42.74 | Let |
| 2nd | 460 | 42.74 | Sold |
| Total | 2,086 | 193.80 |
Location
A well-located property situated on the south side of the busy A315 Chiswick High Road, being close to Metro Bank and a range of national and local restaurants, cafes, shops, boutiques and services, and opposite Sainsbury Local, Balfes Bikes, Leyland Paints, and the trendy High Road House Club and Brasserie.
Mainline Stations
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South Acton17 mins
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Gunnersbury18 mins
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Chiswick20 mins
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Acton Central23 mins
Underground Station
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Turnham Green4 mins
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Stamford Brook7 mins
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Chiswick Park12 mins
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Ravenscourt Park15 mins
Further Information
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Viewings
Strictly by arrangement with Whitman Commercial.
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Terms
Offers are sought in the region of £1,200,000, producing an initial yield of 5.6% before purchaser’s costs.
Anti-Money Laundering Regulations. Purchasers will be required to provide identity information so Anti-Money Laundering checks can be undertaken before an offer can be accepted on any property that we are marketing. -
Tenancies
The GF & Basement premises are let to Traditional Chinese Medicine Health Care Centres Limited (Co Number: 07385770) for a term of 10 years FR&I, expiring 5th February 2029 (inside the L&T Act 1954). The current passing rent is £40,000 per annum, payable quarterly in advance.
The first floor flat is let on an Assured Shorthold basis producing total income of £2,250 per month (£27,000pa). The second floor flat has been sold on a long leasehold basis for a term of 125 years from 17th October 1991 at a ground rent of £150.
Gallery
