Commercial property for sale in The Avenue, London W13
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Property features
- Investment let at £33,500 p.a. From November 2022
- Let on two separate 12 year leases from November 2022
- Comprising of two ground floor lock up shops plus basements
- Located in an affluent and prosperous area of West London
- An approx. 0.1 miles to West Ealing Station (Elizabeth Line)
Property description
Strapline
Auction Sale - 15/04/2024
Of interest to investors, an end of terrace corner property comprising of two lock up shops at ground and basement floors currently fully let and producing £33,500 p.a.
Description
The property comprises two ground floor lock up shops comprising of ground floor retail areas and basement ancillary accommodation.
The shops are fully let and currently producing £33,500 p.a. The property is located on The Avenue, close to the junction with Gordon Road and is close to all local amenities.
Tenancy
Ground floor and basement of 22 The Avenue let on a 12 year lease from November 2022 currently producing £7,250 p.a. Until February 2025 we understand that this is to allow for a rent free period to allow for tenant fit out and the seller will make up upon completion the rent for the remaining rent free period.
Ground floor and basement of 24 The Avenue let on 12 year lease from November 2022 currently producing £19,000 p.a.
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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