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Retail premises for sale
810 sq. ft*
Commercial investment for sale
Long Leasehold - 976 years remaining
Subject to subsisting 10 year Fri lease
Trading as Mooboo Bubble Tea
Business not affected
Ground & lower ground floors
Private courtyard with patio doors
Rental income: £28,000 p.a.x.
Opposite West King Street redevelopment
Investment - for sale opposite the West King Street mixed use development under construction
Attractive commercial premises, trading as Mooboo Bubble Tea – business not affected – arranged over the ground floor and lower ground floor which has the benefit of a private courtyard, with patio doors, providing ample natural daylight. Nia: 660 sq. Ft.. Itza 365.59 sq. Ft..
For sale: Virtual freehold / long leasehold of the ground floor and lower ground floor (incl. Flat roof above) and common parts, held on a commercial lease for a term of 999 years from 25/12/1999 (977 years remaining) at a peppercorn ground rent.
Subject to a subsisting full repairing & insuring lease to Uckermann & Nagy Limited, T/A Mooboo Bubble Tea, for a term of 10 years from 20 April 2021 (exp. 2031), subject to an upward only rent review at the anniversary of the 5th year
►Passing rent: £28,000 p.a.x. ►Rent deposit: £14,000 (to be reviewed in 2024).
This attractive mid-terrace period building is situated in this popular parade on the north side of King Street (A315), in the two way section which extends east from the junction of Dalling Road to Studland Street. Opposite the major redevelopment of West King Street (181–187 King Street Town Hall extension and 207 King Street former Cineworld) with planning for a scheme to comprise 4 screen cinema, 200+ residential units, offices and retail units. Nearby businesses include kfh & Portico estate agents (adjacent), yy Security, Enterprise vehicle hire, Pure Barberism and The Hampshire ph. Within 250m of Ravenscourt Park (District line) TfL station. Hammersmith (District, Piccadilly and Hammersmith & City lines) TfL stations within ½ mile to the east. Many bus routes serve the area.
Service Charge: By fair proportion being 50% of the whole, recoverable from the undertenant.
Rates: Please contact the London Borough of Hammersmith & Fulham: We are advised that the rateable value for the shop and lower ground floor is £26,750
VAT: VAT is not applicable.
Legal Costs: Each party to be responsible for its own legal costs in this transaction. However the purchaser is to provide an undertaking of £5,000 prior to the draft contract being sent out.
For more information about this property, please contact MJ Finn, W4 on +44 20 8022 3304 * (local rate)
Contact MJ Finn about this property
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