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Mooboo Bubble Tea Shop Long Leasehold 176 King Street, Hammersmith W6 0RA

For sale: £495,000.00|810 Sq Ft|Retail - High Street, Retail - Out of Town, Retail

Property details

FOR SALE£495,000.00
SIZE810 Sq Ft
ADDRESSMooboo Bubble Tea, Shop Long Leasehold, 176 King Street, Hammersmith, W6 0RA
TYPERetail - High Street, Retail - Out of Town, Retail
TENUREInvestment Opportunity
POSTED ON13th October 2021

Description

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: 522.00 sqft
Lower Ground Floor: 288.00 sqft
Total: 810.00 sqft + private terrace with patio doors from lower ground floor.

TERMS:

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.

Location

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Location: Mooboo Bubble Tea, Shop Long Leasehold, 176 King Street, Hammersmith, W6 0RA

Ravenscourt Park (0.1 miles)

Hammersmith (0.5 miles)

Stamford Brook (0.5 miles)

Kensington Olympia (1.1 miles)

Acton Central (1.6 miles)

Barnes Bridge (1.6 miles)

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