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For Sale£675,000.00

W3: Commercial property FOR SALE on Acton High street

Retail, Mixed Use, Other Property Types & Opportunities , 1100 - 1150 Sq Ft
Property type: Retail, Mixed Use, Other Property Types & Opportunities
Tenure: Investment Opportunity
Size: 1100 - 1150 Sq Ft
Price: £675,000.00
Location: 141-143 High Street, W3 6LX
• Let to Instant Cash Loans Limited t/a The Money Shop until 2027 (subject to option) .
• Directly opposite the new Oaks Shopping Centre with pre lets including M&S Simply Food, Wilko and Lidl.
• Crossrail Station to open close by in 2019
• Neighbouring occupiers include Boots, McDonald's, NatWest, Costa, KFH Estate Agents and Vodafone

The property is prominently situated on the south side of High Street. The area is well connected by rail and road with the new crossrail services which are due to start operating from Acton Mainline in 2019, reducing journey times to Bond Street to just 9 minutes. The property benefits from being directly opposite the new Oaks Shopping Centre, which provides 11 new retail units, a gym and 168 flats. 3 units have been pre let to Marks & Spencer Simply Food, Wilko and Lidl. Neighbouring occupiers include Boots, KFH Estate Agents, McDonald's, NatWest, Costa and Vodafone.

The property comprises ground floor retail unit with ancillary accommodation in the basement. The three upper floors provide self-contained residential accommodation which have been let on a long lease. Total Sq ft 1154. (Ground Floor 818 sq ft, Basement storage 320 sq ft and Mezzanine storage 16 sq ft)

VAT is not applicable to this lot.

Instant Cash Loans Limited are a provider of financial services to a wide range of customers nationwide, with products including loans, pawnbroking, cash for gold, travel money, jewellery and watches and cheque cashing. Instant Cash Loans Limited operate from hundreds of stores nationwide (www.themoneyshop.com). The lease provides for a tenant option to determine on 07/12/2022.

Note: The Tenure being offered for sale is a Virtual Freehold interest held for a term of 999 years from completion of the sale at a peppercorn rent. The property comprises ground floor Retail accommodation with ancillary accommodation in the basement and mezzanine floor which forms part of a larger building which is not being offered for sale and not as stated in the description paragraph and Tenancy and Accommodation schedule on page 13 of the Auction catalogue.

Rent: £37,500 pa.

£675,000. Net Yield 5.48%
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