Summary
| Property Type | Investment / Retail |
| Tenure | For Sale |
| Size | 704 sq ft |
| Price | Offers in excess of £445,000 |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as C (56) |
- Well-let retail unit in popular parade
- Succesful Mooboo Bubble Tea franchisee (business not affected)
- Flats above sold off on long leases
- Virtual freehold (974 years) at peppercorn rent
- Freehold also available (subject to tenant's pre-emption rights)
- Offers over £445,000
About
The property is arranged over ground and lower ground floors, with the sales area being fitted to a high standard by the tenant, a franchisee of Mooboo Bubble Tea.
The rear area is used as an office and for stock and preparation. The basement benefits from good natural light from the courtyard at the rear and provides additional staff, office or storage space, together with WCs.
Accommodation
| Name | sq ft | sq m |
| Ground - Ground Floor | 513 | 47.66 |
| Lower Ground - Basement | 131 | 12.17 |
| Lower Ground - Courtyard | 60 | 5.57 |
| Total | 704 | 65.40 |
Location
The property is located in a popular parade on the north side of King Street, close to its junction with Dalling Road & Studland Street, in close proximity to the major new redevelopment of Hammersmith Town Hall, incorporating offices, retail, residential flats and a new cinema.
Mainline Stations
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Kensington (Olympia)21 mins
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Shepherd's Bush22 mins
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South Acton31 mins
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Acton Central32 mins
Underground Station
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Ravenscourt Park2 mins
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Hammersmith (Met.)8 mins
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Stamford Brook9 mins
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Hammersmith (District)10 mins
Further Information
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Viewings
Strictly by appointment with Whitman & Co Commercial
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Terms
The commercial unit is occupied on an FR&I basis by Uckermann & Nagy Limited, a franchisee of Mooboo Bubble Tea, on a lease of 10 years from 20th April 2021 at a current passing rent of £28,000pa, subject to review on 20th April 2026. The tenant contributes to the landlord’s costs of insuring and keeping the building in repair.
Offers are sought in excess of £445,000, providing a net initial yield of 6%.
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.
Gallery
