Retail premises for sale

Key Points

Description

The shop has been configured to provide raised ground and lower ground floor retail/treatment room space. The property provides a total area of 1,166 sq ft/108 sq.m on two levels. The upper floor provides a ‘sales’ area of 461 sq ft with a further area of 264 sq ft, totalling 725 sq ft. Both areas are air-conditioned and have a mixture of wood flooring and carpets. The lower ground floor comprises a lobby with kitchenette and WC leading to 2 separate areas. In total 441 sq ft. Ceiling height 7’4 to 8’. The in-hand first floor flat comprises a one-bedroom flat with a well-lit kitchen/living room at the front of 223sf, and a double bedroom at the rear of 160sf, totalling c.460sf.

Location

A well-located property situated on the south side of the busy A315 Chiswick High Road, being close to Metro Bank and a range of national and local restaurants, cafes, shops, boutiques and services, and opposite Sainsbury Local, Balfes Bikes, Leyland Paints, and the trendy High Road House Club and Brasserie.

Viewings

Strictly by arrangement with Whitman Commercial.

Terms

Offers are sought in the region of £1,200,000, producing an initial yield of 5.6% before purchaser’s costs.

Anti-Money Laundering Regulations. Purchasers will be required to provide identity information so Anti-Money Laundering checks can be undertaken before an offer can be accepted on any property that we are marketing.

Tenancies

The gf & Basement premises are let to Traditional Chinese Medicine Health Care Centres Limited (Co Number: 07385770) for a term of 10 years fr&I, expiring 5th February 2029 (inside the L&T Act 1954). The current passing rent is £40,000 per annum, payable quarterly in advance.

The first floor flat is let on an Assured Shorthold basis producing total income of £2,250 per month (£27,000pa). The second floor flat has been sold on a long leasehold basis for a term of 125 years from 17th October 1991 at a ground rent of £150.