TENUREAssignment, Investment Opportunity, To Let, For Sale Leasehold
POSTED ON1st May 2021
A unique opportunity to assign this Lease: RETAIL premises AND Residential UPPER floors (4 flats), located on Acton High St. The property benefits from a recent refurbishment. Commercial property (grd floor and basement approx.1135 sqft and 4 flats above. PREMIUM: £90,000 SOLE AGENT
COMMERCIAL: Ready to move into beauty and hairdresser shop in very good condition with 2 sunbeds included - offered vacant. Approx. 1135 sq ft ground floor and basement. VACANT. Estimated rent: £25,000 pa
Storage office and the back of the shop - £450pcm
Flat 1 - Studio flat £690pcm Flat 2 - Studio flat £800pcm Flat 3 - One bedroom £800pcm Flat 4 - One bedroom £900pcm
TOTAL ANNUAL PASSING RENT: £68,680
Location: Busy Acton High street, with mixture of shops, cafes, and great public transport. Opposite Morrisons Car Park.
Premium: £90,000, including fixtures and fittings. The premium is based on refurbishment cost carried out by the existing tenants as well as potential of the clean rental income for the commercial unit.
Lease: Assignment of existing head lease, 12 years (renewable)
Services: Fully repairing and insuring lease.
Rates: Rateable value: £13,500 but currently are 100% relief for 2021/ 2022 the current tenant confirmed. Interested parties must re-verify figures with London Borough of Ealing.
Legal costs: Each party to be responsible for their own legal costs incurred in the transaction.
Viewing: Strictly by appointment only with Sole Agents Citydeal Estates 020 8896 0800.
High Street, London, W3 9BYGBGreater LondonW3 9BYHigh Street