320/322/324 Chiswick High Road London W4 5TA

  • 320/322/324 Chiswick High Road<br>London<br>W4 5TA

320/322/324 Chiswick High Road
London
W4 5TA

Freehold Retail and Residential Parade Investment and Residential Development Opportunity

  • Three attractive retail units and three maisonettes
  • Tenants include Vision Express and The Sushi Co
  • Vison Express occupy 2 units let on a single new 10 year lease until July 2034 (no breaks)
  • Terms agreed with The Sushi Co for a new 10 year lease
  • Vacant 2 bed maisonette offering over 1,100 sq. ft. (in need of refurbishment)
  • Development potential of the land and buildings to the rear (subject to consents)
  • Positive Pre-app received for 6 additional flats to the rear
  • Affluent and busy West London location
  • Nearby occupiers include Waitrose, Pret A Manger, Boots, Gails, Chipotle, Pizza Express, Ole & Steen and Tesco
  • Lot
    9
  • Auction
    15th May 2025
  • Rent
    £157,000 per Annum Exclusive
    Plus Vacant Flat, Rear Storage Building & Land
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
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Freehold Retail and Residential Parade Investment and Residential Development Opportunity

  • Three attractive retail units and three maisonettes
  • Tenants include Vision Express and The Sushi Co
  • Vison Express occupy 2 units let on a single new 10 year lease until July 2034 (no breaks)
  • Terms agreed with The Sushi Co for a new 10 year lease
  • Vacant 2 bed maisonette offering over 1,100 sq. ft. (in need of refurbishment)
  • Development potential of the land and buildings to the rear (subject to consents)
  • Positive Pre-app received for 6 additional flats to the rear
  • Affluent and busy West London location
  • Nearby occupiers include Waitrose, Pret A Manger, Boots, Gails, Chipotle, Pizza Express, Ole & Steen and Tesco
  • Lot 9
  • Auction 15th May 2025
  • Rent £157,000 per Annum Exclusive Plus Vacant Flat, Rear Storage Building & Land
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail, Residential, Development
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
1.5 miles west of Hammersmith, 6 miles west of Central London
Roads
M4, A4, A406
Rail
Chiswick Park (Circle, District), Turnham Green (Circle, District, Piccadilly)
Air
London Heathrow Airport
Situation

Chiswick is an attractive and affluent West London suburb some 6 miles west of Central London, in-between Hammersmith and Gunnersbury. The property is prominently positioned on Chiswick High Road, 50 metres from Turnham Green. Nearby occupiers include Waitrose, Pret A Manger, Boots, Gails, Chipotle, Pizza Express, Ole & Steen and Tesco

Tenure

Freehold.

Location
Miles
1.5 miles west of Hammersmith, 6 miles west of Central London
Roads
M4, A4, A406
Rail
Chiswick Park (Circle, District), Turnham Green (Circle, District, Piccadilly)
Air
London Heathrow Airport
Situation

Chiswick is an attractive and affluent West London suburb some 6 miles west of Central London, in-between Hammersmith and Gunnersbury. The property is prominently positioned on Chiswick High Road, 50 metres from Turnham Green. Nearby occupiers include Waitrose, Pret A Manger, Boots, Gails, Chipotle, Pizza Express, Ole & Steen and Tesco

Tenure

Freehold.

Description

The property comprises three adjoining ground floor shops together with three maisonettes on the upper floors. One flat is currently vacant and in need of refurbishment, whilst two flats have been sold off on long leases.

Vision Express have recently expanded into 324 Chiswick High Road after occupying 322 Chiswick High Road for 25 years.

The property also includes a single storey self contained storage building and service area to the rear which may be suitable for development subject to obtaining the necessary consents. The Vendor submitted a pre-application for the construction of 8 flats and upon feedback from the council 03/03/2022, a three storey, 6 flat scheme was deemed feasible. Details and plans are available within the legal pack.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises three adjoining ground floor shops together with three maisonettes on the upper floors. One flat is currently vacant and in need of refurbishment, whilst two flats have been sold off on long leases.

Vision Express have recently expanded into 324 Chiswick High Road after occupying 322 Chiswick High Road for 25 years.

The property also includes a single storey self contained storage building and service area to the rear which may be suitable for development subject to obtaining the necessary consents. The Vendor submitted a pre-application for the construction of 8 flats and upon feedback from the council 03/03/2022, a three storey, 6 flat scheme was deemed feasible. Details and plans are available within the legal pack.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Rent p.a.x. Rent Review
320 Chiswick High Road Ground Retail
34.80
(375)
 THE SUSHI CO LTD
(1)		 10 years from 29/07/2014
(Holding Over)
(2)
£42,000
-
320 Chiswick High Road Basement Ancillary
Not Measured
Not Measured
 VACANT & UNUSED -
-
-
322-324 Chiswick High Road Ground
Basement		 Retail
Treatment Rooms
177.10
125.70
(1,906)
(1,352)
 VISION EXPRESS (UK) LIMITED (3) 10 years from 24/10/2024
(4)
£115,000
24/10/2029
320A Chiswick High Road First/Second Residential
-
-
 INDIVIDUAL 125 years from 31/03/2010
£0
-
322A Chiswick High Road First/Second Residential
104.98
(1,130)
 VACANT -
-
-
324A Chiswick High Road First/Second Residential
-
-
 INDIVIDUAL 130 years from 17/03/2011
£0
-
Rear Storage Building Ground Storage
57.40
(618)
 VACANT -
-
-
Rear Yard - -
-
-
 VACANT -
-
-
Total Approximate Floor Area    
499.98
(5,381)
(5)
    
£157,000
  

(1) The Sushi Co currently operate from 20 stores across London and the South East with 6 more due to open soon (www.thesushico.co.uk).
(2)Terms have been agreed for a new 10 year lease. Please see the legal pack for further details.
(3) For the year ending 31/12/2023 Vision Express (UK) Ltd reported a Turnover of £384,567,000, a Pre-Tax Profit of £7,920,000 and a Net Worth of £15,337,000 (NorthRow 15/04/2025). Vision Express is a British eyecare company currently operating from over 550 stores across the UK and Ireland (www.visionexpress.com).
(4) The lease provides for a rent free period until 24/10/2025 (with a further rent free period equivalent to the capital contributions for the Tenants recent works - please see the lease). The Seller will 'top-up' the rent from completion of the sale until the end of the rent free period.
(5) The floor areas stated above have been supplied by the Sellers from a recent referencing report, a copy of which will be available within the legal pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate Auctioneers
JLL 30 Warwick Street
London
W1B 5NH
Sam Whittaker 07562205774 07562205774sam.whittaker@jll.com
Seller's Solicitors
Addleshaw Goddard LLP 3 Sovereign Square Sovereign Street
Leeds
LS1 4ER
Hayley Maxwell +44 (0)113 209 2481Hayley.Maxwell@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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