Freehold Retail and Residential Investment in Affluent West London Suburb
Shop let to Florist with two separately let valuable flats above let on AST's
Highly affluent West London suburb
Between Chiswick Park and Turnham Green Tube Stations with numerous bus routes fronting the property
Nearby retailers include Waitrose, Boots the Chemist, Gail's Bakery, Specsavers, Greggs and several national bank branches
Lot 5
Auction 9th July 2020
Rent £81,900 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles west of Central London
Roads
A406 (North Circular), M4
Rail
Chiswick Park (District Line),
Turnham Green Station
(District & Piccadilly Lines)
Air
Heathrow
Situation
Chiswick is an attractive, affluent and highly sought-after West London suburb, located approximately 6 miles west of Central London and 8 miles east of Heathrow Airport. The property is located on the south side of Chiswick High Road, Chiswick's prime retailing thoroughfare. The property benefits from being less than 0.3 miles to Chiswick Park Station (District Line), with Turnham Green Station (District & Piccadilly Lines) also a short walk away. Nearby occupiers include Waitrose, Boots the Chemist, Gail's Bakery, Specsavers, Greggs and several national bank branches. Other national retailers located on Chiswick High Road include Marks & Spencer Food, Hotel Chocolat, Jo Maman Bebe and Waterstones, with many cafes, high end restaurants and independent boutiques making Chiswick a desirable London location.
Tenure
Freehold.
Location
Miles
6 miles west of Central London
Roads
A406 (North Circular), M4
Rail
Chiswick Park (District Line),
Turnham Green Station
(District & Piccadilly Lines)
Air
Heathrow
Situation
Chiswick is an attractive, affluent and highly sought-after West London suburb, located approximately 6 miles west of Central London and 8 miles east of Heathrow Airport. The property is located on the south side of Chiswick High Road, Chiswick's prime retailing thoroughfare. The property benefits from being less than 0.3 miles to Chiswick Park Station (District Line), with Turnham Green Station (District & Piccadilly Lines) also a short walk away. Nearby occupiers include Waitrose, Boots the Chemist, Gail's Bakery, Specsavers, Greggs and several national bank branches. Other national retailers located on Chiswick High Road include Marks & Spencer Food, Hotel Chocolat, Jo Maman Bebe and Waterstones, with many cafes, high end restaurants and independent boutiques making Chiswick a desirable London location.
Tenure
Freehold.
Description
The property comprises a three storey building, arranged as a well-configured ground floor shop, with two refurbished flats above on the first and second floors benefiting from separate access from Chiswick High Road.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion Available
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property comprises a three storey building, arranged as a well-configured ground floor shop, with two refurbished flats above on the first and second floors benefiting from separate access from Chiswick High Road.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion Available
EPC
Available from the legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground/ Courtyard
Retail
84.08 sq m
(905 sq ft)
POT POURRI FLOWERS LIMITED (t/a Pot Pourri Flowers) (1)
15 years from 29/09/2008
£42,300 (2)
First
Residential (2 bed, living room, kitchen & bathroom)
63.36 sq m
(682 sq ft)
INDIVIDUALS (3)
2 year AST from 01/08/2018 at £1,650 pcm
£19,800
Second
Residential (2 bed, living room, kitchen & bathroom)
66.43 sq m
(715 sq ft)
INDIVIDUALS
1 year AST from 02/12/2019 at £1,650 pcm
£19,800
Total
213.87 sq m
(2,302 sq ft)
£81,900 (2)
(1) Pot Pourri Flowers is an award winning florist, established in 1982, providing flower services from individual bouquets to weddings & dinner parties (www.potpourriflowers.co.uk). (2) A concessionary rent is being paid by the tenant from 01/01/2020 to 28/09/2023 at an annual rent of 38,605 per annum, paid monthly. This concession is personal to the current tenant only - please see legal pack. The Vendor has agreed to to make an allowance to top up the concessionary rent from completion of the sale until the end of the concessionary period. (3) Tenant in occupation for circa 10 years.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
