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Agent's details

London W3 – Virtual Freehold Retail Investment

For sale: £1,300,000.00|3,013 Sq Ft|Retail, General Retail, Retail - High Street

Property details

FOR SALE£1,300,000.00
SIZE3,013 Sq Ft
ADDRESSMleckzo Delikatesy, 193-195 High Street, London, Greater London, W3 9DD
TYPERetail, General Retail, Retail - High Street
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON19th October 2023

Description

Investment Consideration:
Gross Initial Yield: 6.08%
Rental Income: £79,000 p.a.
Let to Mleczko Delikatesy Limited until 2035, no breaks
Rent reviews in February 2025 and 2030. Open market upward only
VAT is NOT applicable to this property
In same ownership for 15 years
Comprises large double fronted ground floor shop t/a supermarket
Situated between Acton Central and Ealing Common Stations, with occupiers nearby including Morrisons, Lidl, Restaurants, Takeaways, Pharmacy and more.

Property Description:
The property comprises large double fronted retail premises t/a Polish delicatessen supermarket. The property benefits from rear access and provides the following accommodation and dimensions:
Ground Floor: 280 sq m (3,013 sq ft)
Open plan retail, storage, office, WCs

Tenure:
Long Leasehold. Held on a 999 Year lease from 21st July 2000 at a ground rent of peppercorn.

Tenancy:
The property is at present let to Mleczko Delikatesy Limited for a term of 20 years from 11th February 2015 at a current rent of £79,000 per annum and the lease contains full repairing and insuring covenants. Rent review in February 2025 and 2030 open market upward only. No breaks.
Mleczko Delikatesy has 14 branches across North, South and West London and 1 Branch in Reading. The company reported turnover of £31,842,000 and a total net assets of £7,654,000 for the financial year ending December 2021.
For more information please visit their website:
https://mleczkodelikatesy.com/

Location:
Acton is a town and area in west London, England, within the London Borough of Ealing. It is 6.1 miles (10 km) west of Charing Cross. The recently refurbished 'Mount' on Acton High Street hosts a Market on Thursday, Friday and Saturday. Acton's library, swimming baths (built in 1904) and Town Hall are examples of tall Victorian municipal buildings that can be found along the High Street. The property is conveniently located between Acton Central and Ealing Common Stations, with occupiers nearby including Morrisons, Lidl, Restaurants, Takeaways, Pharmacy and many more

Location

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Location: Mleckzo Delikatesy, 193-195 High Street, London, Greater London, W3 9DD

Acton Town (0.5 miles)

Ealing Common (0.7 miles)

Chiswick Park (1.0 miles)

Acton Central (0.4 miles)

Acton Main Line (0.7 miles)

South Acton (0.8 miles)

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