81 Chiswick High Road

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Key Points

Summary

Freehold retail and residential investment

(Business not affected)

Description

A rare opportunity to acquire an attractive freehold retail and residential investment with future break-up potential in the heart of Chiswick.

Viewings

Strictly by appointment with Whitman & Co Commercial.

Location

The property is situated at the junction of Chiswick High Road and Chiswick Lane, close to the A4 at Hogarth Roundabout. A number of TfL bus routes and the C9 Cycleway run past the property, which fronts onto an attractive paved piazza.

The shop is occupied as a hair and beauty bar. Brewers Decorator Centre are next door, and the property is opposite the popular new Chiswick Cinema and Sainsbury’s Local, as well as being close to Balfes Bikes, the trendy High Road House club and brasserie, and a range of national and local restaurants, cafes, shops, boutiques and services.

Terms

Offers are sought in excess of £2,000,000, producing an initial yield of 5.93% before purchaser’s costs.

Purchasers will be required to provide identity information so Anti-Money Laundering checks can be undertaken before an offer can be accepted.

Title & Tenancies

The property is held freehold, Title Number NGL 466931.

The Ground Floor & Basement shop is let to Blo I Limited (Co Number: 12215790) as a hair and beauty salon for a term of 10 years FR&I, with a 5th yr upward only rent review. The passing rent is £60,000 per annum. A 3 month rent deposit held by the landlord.

The 1st Floor 1 Bed Flat is let on an assured Shorthold Tenancy producing a rent of £2,050 per month (£24,600pa). The 2nd Floor 2 Bed Flat is let on an Assured Shorthold Tenancy producing a rent of £2,840 per month (£34,080pa).