299 Chiswick High Road
Chiswick
London
W4 4HH

Freehold Investment

  • Let until 2035 (No breaks)
  • Attractive, affluent and highly fashionable West London suburb
  • Important Rent Review Outstanding (1)
  • No rental arrears
  • Approximately 400 metres from Chiswick Park Business park
  • Neighbouring occupiers include Cotswold Outdoor, Neptune, Majestic Wine, Halfords, HSBC and Caffe Nero.
  • Lot
    1
  • Auction
    28/Oct/2020
  • Rent
    £24,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £403,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 299 Chiswick High Road<br>Chiswick<br>London<br>W4 4HH
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
6 miles west of Central London
Roads
A406 (North Circular Road), M4
Rail
Chiswick Park (District Line),
Turnham Green Station
(District & Piccadilly Lines)
Air
London Heathrow airport,
Situation

Chiswick is an attractive, affluent and highly fashionable West London suburb, located approximately 6 miles west of Central London and 8 miles east of Heathrow Airport. The property is prominently located on the south side of Chiswick High Road (A315), Chiswick's prime retailing thoroughfare. The property benefits from being less than 150 metres to Chiswick Park Station (District Line), with Turnham Green Station (District & Piccadilly Lines) also a short walk away. The property benefits from being some 400 metres from the major Chiswick Park Business Park which comprises 1,800,000 sq ft of offices, accommodating 10,000 workers from 75 companies (www.enjoy-work.com/the-park/availability) Neighbouring occupiers include Cotswold Outdoor, Neptune, Majestic Wine, Halfords, HSBC and Caffe Nero. Other national retailers located on Chiswick High Road include Waitrose, Starbucks, Boots the Chemist, Gail's Bakery, Greggs and several national bank branches.

Tenure

Freehold.

Description

The property comprises a self contained commercial units with ground floor retail accommodation and ancilarry accommodation in the basement. The first and second floors comprise residential flats that have been let on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/(Reversion)
Basement
Ground
Retail
Ancillary
42.76 sq m
38.40 sq m
(460 sq ft)
(413 sq ft)
INDIVIDUAL20 years from
25/03/2015 until
24/03/2035
£24,00025/03/2020 (1)
5 yearly rent
reviews
FirstResidential
1 bed flat

INDIVIDUAL125 years from
2017
peppercorn 
SecondResidential
1 bed flat

INDIVIDUAL170 years from
2013
peppercorn 
Total Commercial Floor Area
81.16 sq m
(873 sq ft)  £24,000 

(1) As to the March 2020 Rent Review the Seller has served a rent review notice on the tenant proposing a new rent of £28,000 per annum exclusive.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    5 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    860 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Seller's Solicitors
Sabeers Stone Green Devonshire House, 1 Mayfair Place
London
W1J 8AJ
Layla Khoee 02032057088layla@sabeers.co.uk

Useful Links

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