Commercial property for sale in King Street, London W6
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Property features
- Entire property currently investment let at £27,000 p.a.
- Open Market rent review in December 2028
- Comprising of commercial unit and 2 bedroom flat
- Future development potential to additional dwellings to the site (subject to the requisite consents)
- Future asset management potential to improve the rent once the commercial and residential unit are let on separate leases
- We have been advised that the rent is being paid on monthly/ad-hoc basis and not on a quarterly basis as per the lease.
- 6 week completion
- VAT free investment
- Located in an affluent and popular area
Property description
Strapline
Auction Sale - 19/03/2024
Of interest to Investors and developers
An end of terrace property comprising of a commercial space on the ground floor and 2 bedroom flat with asset management and development potential to improve the passing income as well as add additional dwellings to the property (subject to the requisite consents and existing lease)
Investment let at £27,000 p.a.
Description
The building is an end of terrace property forming part of a busy and established shopping parade. The building comprise of ground floor commercial unit and residential accommodation (2 bedroom flat) across the 1st Floor. The property is located on a corner position and offers future development potential to add additional floors to the property inline with the neighbouring properties (Subject to the requisite consents).
Nearby occupiers include Sainsbury's Local, Tesco Express as well as a wide range of local boutique and independent retailers.
Location
The property is located on the junction with King Street and Black Lion Lane.
Stamford Brook station an approx. 0.3 miles from the property.
Ravenscourt park station an approx. 0.3 miles from the property.
Transport
Stamford Brook & Ravenscourt park station - Underground (District line)
Tenancy
Please refer to Accommodation and Tenancy schedule
Accommodation
Please refer to Accommodation and Tenancy schedule
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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