Offers in region of
£420,000
(£690.79/sq. ft)
Property for saleKing Street, Hammersmith, London W6
608 sq. ft
Freehold
About this property
Location
The property occupies a prominent position on King Street which is Hammersmith's
principal retail thoroughfare, benefiting from good levels of pedestrian and vehicular
traffic. The surrounding area is home to a strong mix of national and independent
occupiers, including Primark, Sainsburys, tk Maxx, ikea, Superdrug and Nandos.
The property is well connected, being approximately 0.5 miles from Hammersmith
Underground Station (Piccadilly, District, Circle and Hammersmith & City lines), 0.7
miles from Ravenscourt Park Underground Station (District line) and 0.9 miles from
Stamford Brook Underground Station (District line). The A4/M4 is also readily
accessible, providing excellent road links into Central London and Heathrow Airport.
Description
The property comprises a freehold mixed-use investment consisting of a ground floor
retail unit, let to a nail salon, and a self-contained residential flat above which has
been sold off on a long lease. The sale benefits from the commercial rental income
together with any applicable ground rents receivable.
User
We believe the property falls under Class C3 and Class E of The Town and Country
Planning (Use Classes) (Amendment) (England) Regulations 2020.
Rateable Value
We are advised by the voa website that the commercial premises has a Rateable
Value of £27,000.
Local Authority
London Borough of Hammersmith & Fulham.
Tenure
Freehold.
Accommodation Schedule
The property offers the following (NIA) approximate dimensions:
Tenancies
224 King Street: The commercial premises are let on an effective Fri basis for a term of 10
years commencing on 8th September 2020. The passing rent is £30,500pa.
224a King Street: The flat is let on a 125 year term commencing 12th November 2020.
There is a ground rent payable to the freeholder, details available upon request.
Terms
Offers are invited in the region of £420,000.
Service Charge
No service charge is currently administered at the property.
EPC
Flat 224a has an Energy Performance Rating of E (54), a copy of the EPC is available upon
request. An EPC for the shop is being commissioned and will be available shortly.
Legal
Each party to bear its own legal costs.
VAT
The property has not been elected for VAT.
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.
The property occupies a prominent position on King Street which is Hammersmith's
principal retail thoroughfare, benefiting from good levels of pedestrian and vehicular
traffic. The surrounding area is home to a strong mix of national and independent
occupiers, including Primark, Sainsburys, tk Maxx, ikea, Superdrug and Nandos.
The property is well connected, being approximately 0.5 miles from Hammersmith
Underground Station (Piccadilly, District, Circle and Hammersmith & City lines), 0.7
miles from Ravenscourt Park Underground Station (District line) and 0.9 miles from
Stamford Brook Underground Station (District line). The A4/M4 is also readily
accessible, providing excellent road links into Central London and Heathrow Airport.
Description
The property comprises a freehold mixed-use investment consisting of a ground floor
retail unit, let to a nail salon, and a self-contained residential flat above which has
been sold off on a long lease. The sale benefits from the commercial rental income
together with any applicable ground rents receivable.
User
We believe the property falls under Class C3 and Class E of The Town and Country
Planning (Use Classes) (Amendment) (England) Regulations 2020.
Rateable Value
We are advised by the voa website that the commercial premises has a Rateable
Value of £27,000.
Local Authority
London Borough of Hammersmith & Fulham.
Tenure
Freehold.
Accommodation Schedule
The property offers the following (NIA) approximate dimensions:
Tenancies
224 King Street: The commercial premises are let on an effective Fri basis for a term of 10
years commencing on 8th September 2020. The passing rent is £30,500pa.
224a King Street: The flat is let on a 125 year term commencing 12th November 2020.
There is a ground rent payable to the freeholder, details available upon request.
Terms
Offers are invited in the region of £420,000.
Service Charge
No service charge is currently administered at the property.
EPC
Flat 224a has an Energy Performance Rating of E (54), a copy of the EPC is available upon
request. An EPC for the shop is being commissioned and will be available shortly.
Legal
Each party to bear its own legal costs.
VAT
The property has not been elected for VAT.
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.
Mortgage calculator
Monthly repayment
£2,101 per month
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