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Retail premises for sale

£1,300,000 (£431.46/sq. ft) Fixed price

High Street, London W3

Retail premises for sale 3,013 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Investment Consideration:
Gross Initial Yield: 6.08%
Rental Income: £79,000 p.a.
Let to Mleczko Delikatesy Limited until 2035, no breaks
Rent reviews in February 2025 and 2030. Open market upward only
VAT is not applicable to this property
In same ownership for 15 years
Comprises large double fronted ground floor shop t/a supermarket
Situated between Acton Central and Ealing Common Stations, with occupiers nearby including Morrisons, Lidl, Restaurants, Takeaways, Pharmacy and more.

Property Description:
The property comprises large double fronted retail premises t/a Polish delicatessen supermarket. The property benefits from rear access and provides the following accommodation and dimensions:
Ground Floor: 280 sq m (3,013 sq ft)
Open plan retail, storage, office, WCs

Tenure:
Long Leasehold. Held on a 999 Year lease from 21st July 2000 at a ground rent of peppercorn.

Tenancy:
The property is at present let to Mleczko Delikatesy Limited for a term of 20 years from 11th February 2015 at a current rent of £79,000 per annum and the lease contains full repairing and insuring covenants. Rent review in February 2025 and 2030 open market upward only. No breaks.
Mleczko Delikatesy has 14 branches across North, South and West London and 1 Branch in Reading. The company reported turnover of £31,842,000 and a total net assets of £7,654,000 for the financial year ending December 2021.
For more information please visit their website:

Location:
Acton is a town and area in west London, England, within the London Borough of Ealing. It is 6.1 miles (10 km) west of Charing Cross. The recently refurbished 'Mount' on Acton High Street hosts a Market on Thursday, Friday and Saturday. Acton's library, swimming baths (built in 1904) and Town Hall are examples of tall Victorian municipal buildings that can be found along the High Street. The property is conveniently located between Acton Central and Ealing Common Stations, with occupiers nearby including Morrisons, Lidl, Restaurants, Takeaways, Pharmacy and many more.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Blue Alpine Partners, W1G on +44 20 3641 9157 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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