Retail premises for sale in 25 High Street, Acton, London W3, £700,000
700,000.00
Offer Nr.:
64953604
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Whitman & Co Commercial Limited
Phone(s):
020 8115 0966
Email:
* Freehold
**Key Points**
* Commercial premises leased to October 2031
* Two Residential Units let on ASTs
* Total current income £42, 800pa.
* Reversionary potential
*Seeking offers in excess of £700, 000
**Description**
The property comprises a three - storey Edwardian mid - terrace property, arranged
to provide a ground floor retailunit trading as a pizza takeaway, and two
residential units let on ASTs. The property is held freehold under Title
number MX 94844. The site area extends to 0. 02 acres.
**Viewings**
Strictly by appointment with Whitman & Co Commercial.
**Location**
The property is located on the south side of the A4020 High Street, between
itsjunctions with Melville Villas Road and Acton Lane. High Street is the
main shopping street for this area of west London, with a mixture of some
national multipleretailers and many local businesses.
The property is well serviced by various transport options including 7
different bus routes in the area and Acton Central(Overground Line) 300m to
the north. Acton Main Line (Elizabeth line) is 1 mile to the north. The North
Circular (A406), London’s Inner Orbital road is 1. 3 miles tothe west. The A40
is 1 mile to the north of the subject property.
**Terms**
Offers are sought in excess of £700, 000 producing an initial gross yield of
6. 1%, withsignificant reversionary potential.
Purchasers will be required to provide identity information so Anti - Money
Laundering checks can be undertaken.
**Tenancies**
Theground floor and basement premises are leased by Mr. Mohammad Muslim
Mohammadyan t/a ‘Famous Pizza’ for a term of 20 years fr&I expiring 23rd
October 2031, at acurrent passing rent of £14, 000pa, subject to an
outstanding review on 24th October 2021.
The 1st and 2nd floor flats are each let on Assured Shorthold Tenanciesat
current rents of £1, 100 per month and £1, 300 per month respectively, producing
£28, 800 per annum residential income.
**Key Points**
* Commercial premises leased to October 2031
* Two Residential Units let on ASTs
* Total current income £42, 800pa.
* Reversionary potential
*
**Description**
The property comprises a three - storey Edwardian mid - terrace property, arranged
to provide a ground floor retail
residential units let on ASTs. The property is held freehold under Title
number MX 94844. The site area extends to 0. 02 acres.
**Viewings**
Strictly by appointment with Whitman & Co Commercial.
**Location**
The property is located on the south side of the A4020 High Street, between
its
main shopping street for this area of west London, with a mixture of some
national multiple
The property is well serviced by various transport options including 7
different bus routes in the area and Acton Central
the north. Acton Main Line (Elizabeth line) is 1 mile to the north. The North
Circular (A406), London’s Inner Orbital road is 1. 3 miles to
is 1 mile to the north of the subject property.
**Terms**
Offers are sought in excess of £700, 000 producing an initial gross yield of
6. 1%, with
Purchasers will be required to provide identity information so Anti - Money
Laundering checks can be undertaken.
**Tenancies**
The
Mohammadyan t/a ‘Famous Pizza’ for a term of 20 years fr&I expiring 23rd
October 2031, at a
outstanding review on 24th October 2021.
The 1st and 2nd floor flats are each let on Assured Shorthold Tenancies
current rents of £1, 100 per month and £1, 300 per month respectively, producing
£28, 800 per annum residential income.
Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)
