Mixed use investment for sale in London, W10

This property is marketed by:
Willmotts Chartered Surveyors

Key features

• Floor area: 616 sq. ft. (57 sq. m.) 
• Fashionable location
• Commercial premises let
• Upper maisonette sold
• Income producing £30,000 pa

Location:

The property is located on the Eastern side of one of London’s busiest retail and tourist locations. It occupies a prominent position in the heart of the retail parade close to numerous local and national multiple retailers including ; Bluebells Bakery, Honest Burger, Ally Capellino , Pizza East, Golbourne Deli, West 36, Flat Iron, Aesop and J&M Davidson. The property benefits from good proximity to public transport and with Ladbroke Grove and Westbourne Park Underground Stations being served by Circle and Hammersmith & City lines.

Description:

An attractive mid terrace building arranged over ground and 2 uppers floors, the building provides a rectangular lock up shop unit with a frontage of 4.72m on the ground floor and the upper 2 floors provide a split maisonette which has been sold off on long lease.

User:

The premises currently fall under Class E & C3 of the Town & Country Planning(Use Class) (Amendment) Order 2005.

EPC:

The Energy performance certificate has ratings of B(46) for the shop unit and C(74) for the maisonette. A copy of the EPC is available upon request.

Accommodation & Tenancy Schedule:

The property offers the following (NIA) approximate dimensions:

Ground Floor Approx. 616 Sq Ft (57.00 Sq M)

The commercial premises are let on an effective FRI basis. The current lease expires on 9th October 2026. The passing rent is £30,000 per annum.

1st & 2nd floors Maisonette, sold on a 999 years lease from 1st January 2017 with peppercorn ground rent.

Total income £30,000 per annum.

Tenure:

Freehold subject to the existing leases.

Terms:

Offers are invited in excess of £500,000 for our client’s Freehold interest.

VAT:

The property has not been elected for VAT purposes.

Legal:

Each party to bear its own legal costs.

AML:

In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken

Tenure: Freehold