Retail premises for sale in Chiswick High Road, London W4

Offers in region of £1,200,000 (£575.26/sq. ft)
Interested in this property? Call +44 20 8115 0966 * or Request Details

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Retail premises for sale 2,086 sq. ft*

Property description

Key Points

  • Commercial premises leased to 2029
  • Total current income £67,150pa.
  • Reversionary potential
  • Asset management opportunities
  • First Floor Residential let on ASTs
  • Second floor sold off llh with 94 years unexpired
  • Description

    The shop has been configured to provide raised ground and lower ground floor retail/treatment room space. The property provides a total area of 1,166 sq ft/108 sq.m on two levels. The upper floor provides a ‘sales’ area of 461 sq ft with a further area of 264 sq ft, totalling 725 sq ft. Both areas are air-conditioned and have a mixture of wood flooring and carpets. The lower ground floor comprises a lobby with kitchenette and WC leading to 2 separate areas. In total 441 sq ft. Ceiling height 7’4 to 8’. The in-hand first floor flat comprises a one-bedroom flat with a well-lit kitchen/living room at the front of 223sf, and a double bedroom at the rear of 160sf, totalling c.460sf.

    Viewings

    Strictly by arrangement with Whitman Commercial.

    Location

    A well-located property situated on the south side of the busy A315 Chiswick High Road, being close to Metro Bank and a range of national and local restaurants, cafes, shops, boutiques and services, and opposite Sainsbury Local, Balfes Bikes, Leyland Paints, and the trendy High Road House Club and Brasserie.

    Terms

    Offers are sought in the region of £1,200,000, producing an initial yield of 5.6% before purchaser’s costs.

    Anti-Money Laundering Regulations. 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.

    Tenancies

    The gf & Basement premises are let to Traditional Chinese Medicine Health Care Centres Limited (Co Number: 07385770) for a term of 10 years fr&I, expiring 5th February 2029 (inside the L&T Act 1954). The current passing rent is £40,000 per annum, payable quarterly in advance.

    The first floor flat is let on an Assured Shorthold basis producing total income of £2,250 per month (£27,000pa). The second floor flat has been sold on a long leasehold basis for a term of 125 years from 17th October 1991 at a ground rent of £150.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Whitman & Co Commercial Limited, W4 on +44 20 8115 0966 * (local rate)

    Contact Whitman & Co Commercial Limited about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Whitman & Co Commercial Limited, and do not constitute property particulars. Please contact Whitman & Co Commercial Limited for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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