141 / 143 High Street
Acton
London
W3 6LX

Freehold Retail Investment

  • Let to Instant Cash Loans Limited t/a The Money Shop until 2027 (subject to option)
  • Prominent town centre location
  • Directly opposite the new Oaks Shopping Centre with pre lets including M&S Simply Food, Wilko and Lidl.
  • Crossrail Station to open close by in 2019
  • Neighbouring occupiers include Boots, McDonald's, NatWest, Costa and Vodafone
  • Lot
    3
  • Auction
    14/Feb/2018
  • Rent
    £37,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £550,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 141 / 143 High Street<br>Acton<br>London<br>W3 6LX
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Property Information

Location
Miles
7 miles west of the City of London, 1 mile east of Ealing
Roads
A4020, A406 (north circular road) A40, M4
Rail
Acton Central (London Overground), Acton Town, Underground (District and Piccadilly Lines)
Air
Heathrow Airport
Situation

The property is prominently situated on the south side of High Street, on the junction with Oldham Terrace Road The area is well connected by rail and road with the new crossrail services which are due to start operating from Acton Mainline in 2019, reducing journey times to Bond Street to just 9 minutes. The property benefits from being directly opposite the new Oaks Shopping Centre, which provided 11 new retail units, a gym and 178 flats. 3 units have been pre let to Marks & Spencer Simply Food, Wilko and Lidl. Neighbouring occupiers include Boots, McDonald's, NatWest, Costa and Vodafone.

Tenure

Freehold.

Description

The property comprises ground floor retail unit with ancillary accommodation in the basement. The three upper floors provide self-contained residential accommodation which have been let on a long lease.

VAT

VAT is not applicable to this lot.

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Mezzanine
Basement
Retail/Ancillary
Storage
Storage
75.96 sq m
1.49 sq m
29.70 sq m
(818 sq ft)
(16 sq ft)
(320 sq ft)
INSTANT CASH
LOANS LTD
t/a The Money Shop
(1)
10 years from
8th December
2017 (2)
£37,50007/12/2022
07/12/2027
First
Second
Third
Residential
Residential
Residential
Not measured
 999 years from
completion of
the sale
Peppercorn 
Totals (Commercial)
107.15 sq m
(1,154 sq ft)
  £37,500 

(1) Instant Cash Loans Limited are a provider of financial services to a wide range of customers nationwide, with products including loans, pawnbroking, cash for gold, travel money, jewellery and watches and cheque cashing. Instant Cash Loans Limited operate from hundreds of stores nationwide (www.themoneyshop.com).
(2) The lease provides for a tenant option to determine on 07/12/2022.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.02.18
    File Size
    36 MB
    Login to View
  • Site Plan
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    680 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Robert Bebington & Company 6 Conduit Street
London
W1S 2XE
Robert Bebington 0207 493 5551drb@bebington.com
Seller's Solicitors
Nelsons solicitors The Hub, 9 Bell Yard Mews
London
SE1 3UY
Roy Cowie 7707 403 4000r.cowie@nelsonssolicitors.com

Useful Links

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