Summary
| Property Type | Investment / Residential / Retail |
| Tenure | For Sale |
| Size | 1,716 sq ft |
| Price | Offers in excess of £1,400,000 |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as C (73) |
- Restaurant let to the world famous Napoli on the Road
- 10 year lease from 21st June 2019 at £55,000pa (£114ZA approx). Outstanding rent review June 2024.
- 2 Residential Units (1 vacant, 1 AST)
- Total current income £71,500pa. ERV £93,100pa
- Seeking offers in excess of £1,400,000 (6.25% implied initial yield)
About
A rare opportunity to acquire an attractive freehold retail and residential investment with future development and/or break up potential, located in the heart of Chiswick.
Accommodation
| Name | sq ft | sq m | Rent | Availability |
| Ground - Ground Floor Restaurant | 1,000 | 92.90 | £55,000 /annum | Let |
| 1st - First Floor Front | 435 | 40.41 | - | Available |
| 1st - First Floor Rear | 281 | 26.11 | £16,500 /annum | Let |
| Total | 1,716 | 159.42 |
Location
The property is situated in the popular retailing and restaurant area of Devonshire Road, being just off Chiswick High Road and convenient for all the excellent shopping and transport facilities of Chiswick.
The street is home to a range of boutiques and shops, as well as service-sector businesses and restaurants. Nearby occupiers include Lea & Sandeman Wine Merchants, the renowned restaurant La Trompette, along with a host of excellent independent boutiques, cafes and restaurants.
Turnham Green TfL station is a 5 minute walk to the north, providing London Underground routes via the District and Piccadilly (off-peak hours) lines. Numerous local bus routes & Cycleway 9 pass along the A315 Chiswick High Road.
Mainline Stations
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South Acton15 mins
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Gunnersbury16 mins
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Chiswick18 mins
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Acton Central23 mins
Underground Station
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Turnham Green4 mins
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Stamford Brook9 mins
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Chiswick Park10 mins
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South Acton15 mins
Downloads
Download Particulars
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 £1,400,000. Implied NIY 6.25%.
Purchasers will be required to provide identity information so Anti-Money Laundering checks can be undertaken before an offer can be accepted. -
Title & Tenancies
The property is held freehold. Title number AGL126547.
The Ground Floor & Basement shop is let to MA.GI.MI Limited t/a Napoli on the Road for a term of 10 years from 21st June 2019 FR&I, with an upward only rent review on 21st June 2024. The passing rent is £55,000 per annum.
The 1st Floor Rear Studio is let on an Assured Shorthold Tenancy producing a rent of £1,375 pcm/£16,500pa. The 1st Floor 1 Bed Flat, which is presented to a high standard, is currently vacant and could be relet or sold-off (ERV £1,800 pcm/£21,600 pa)).
Gallery
