Summary
| Property Type | Investment / Residential / Retail |
| Tenure | For Sale |
| Size | 1,929 sq ft |
| Price | Offers in excess of £700,000 |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as D (78) |
- Commercial premises leased to October 2031
- Two Residential Units let on ASTs
- Total current income £42,800pa.
- Reversionary potential
- Seeking offers in excess of £670000
About
The property comprises a three-storey Edwardian mid-terrace property, arranged to provide a ground floor retail unit trading as a pizza takeaway, and two residential units let/lettable on ASTs. The property is held freehold under Title number MX 94844. The site area extends to 0.02 acres.
Accommodation
| Name | sq ft | sq m | Availability |
| Basement - Pizza restaurant | 452 | 41.99 | Let |
| Ground - Pizza restaurant | 586 | 54.44 | Let |
| 1st - First Floor 1 bed flat | 472 | 43.85 | Let |
| 2nd - Second Floor 1 bed flat | 419 | 38.93 | Available |
| Total | 1,929 | 179.21 |
Location
The property is located on the south side of the A4020 High Street, between its junctions with Melville Villas Road and Acton Lane. High Street is the main shopping street for this area of west London, with a mixture of some national multiple retailers and many local businesses.
The property is well serviced by various transport options including 7 different bus routes in the area and Acton Central (Overground Line) 300m to the north. Acton Main Line (Elizabeth line) is 1 mile to the north. The North Circular (A406), London’s Inner Orbital road is 1.3 miles to the west. The A40 is 1 mile to the north of the subject property.
Mainline Stations
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Acton Central4 mins
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South Acton10 mins
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Acton Main Line14 mins
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Gunnersbury21 mins
Underground Station
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Acton Central3 mins
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South Acton10 mins
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Acton Town13 mins
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Acton Main Line14 mins
Downloads
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Further Information
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Viewings
Strictly by appointment with Whitman & Co Commercial.
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Terms
Offers are sought in excess of £700,000 producing an initial net yield of 6.1%, with significant reversionary potential which should take the yield to >7%. Purchasers will be required to provide identity information so Anti-Money Laundering checks can be undertaken.
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Tenancies
The ground floor and basement premises are leased by Mr. Mohammad Muslim Mohammadyan t/a ‘Famous Pizza’ for a term of 20 years FR&I expiring 23rd October 2031, at a current passing rent of £14,000pa, subject to an outstanding review on 24th October 2021.
The 1st and 2nd floor flats are each let on Assured Shorthold Tenancies at rents of £1,100 per month and £1,300 per month respectively, producing £28,800 per annum residential income. NB. The 2nd floor tenant has recently vacated and the flat is currently vacant.
Gallery
