INVESTMENT - FOR SALE opposite the West King Street mixed use development under construction
Attractive commercial premises, trading as Mooboo Bubble Tea – business not affected – arranged over the ground floor and lower ground floor which has the benefit of a private courtyard, with patio doors, providing ample natural daylight. NIA: 660 sq. ft.. ITZA 365.59 sq. ft..
Gross internal areas:
Ground Floor: 522 sqft
Lower Ground Floor: 288 sqft
Total: 810 sqft + private terrace with patio doors from lower ground floor.
FOR SALE: Virtual freehold / long leasehold of the ground floor and lower ground floor (incl. flat roof above) and common parts, held on a commercial lease for a term of 999 years from 25/12/1999 (977 years remaining) at a peppercorn ground rent.
Subject to a subsisting full repairing & insuring lease to Uckermann & Nagy Limited, T/A Mooboo Bubble Tea, for a term of 10 years from 20 April 2021 (exp. 2031), subject to an upward only rent review at the anniversary of the 5th year
►Passing rent: £28,000 p.a.x.
►Rent deposit: £14,000 (to be reviewed in 2024).
This attractive mid-terrace period building is situated in this popular parade on the north side of King Street (A315), in the two way section which extends east from the junction of Dalling Road to Studland Street. Opposite the major redevelopment of West King Street (181–187 King Street Town Hall extension and 207 King Street former Cineworld) with planning for a scheme to comprise 4 screen cinema, 200+ residential units, offices and retail units. Nearby businesses include KFH & Portico estate agents (adjacent), YY Security, Enterprise vehicle hire, Pure Barberism and The Hampshire PH. Within 250m of Ravenscourt Park (District line) TfL station. Hammersmith (District, Piccadilly and Hammersmith & City lines) TfL stations within ½ mile to the east. Many bus routes serve the area.
Service Charge: By fair proportion being 50% of the whole, recoverable
from the undertenant.
Rates: Please contact the London Borough of Hammersmith &
Fulham: 020 8753 6681. We are advised that the rateable
value for the shop and lower ground floor is £26,750
VAT: VAT is not applicable.
Legal Costs: Each party to be responsible for its own legal costs in this
transaction. However the purchaser is to provide an
undertaking of £5,000 prior to the draft contract being sent