145 Askew Road

Shepherd's Bush, London, W12 9AU

Available

Property Type Investment
Availability For Sale
Size 1002 sqft
Energy Performance Rating N/A

Freehold Mixed Use Investment For Sale


LOCATION

Shepherds Bush is an affluent and popular inner London suburb situated approximately 5 miles west of Central London. The area benefits from excellent communications being situated between the A40 (Westway) and the A4 (Great West Road) as well as having the Underground services at Shepherds Bush (Central Line and Overground) and Stamford Brook (District Line) among others. Askew Road is an established retail location to the west of Shepherds Bush and north of Ravenscourt Park. The property is situated on the east side of Askew Road in a vibrant local shopping parade with several national occupiers including Sainsburys Local, Co-Operative Food Store, Costa Coffee, William Hill & The Post Office and an eclectic mix of local trader’s including café’s, dentist, butchers, funeral directors and estate agents.

KEY POINTS

  • Attractive four storey terraced building
  • Freehold
  • Ground and lower ground floor unit trading as an established local estate agent since 2012
  • The total current income is £33,600 per annum
  • Self contained residential upper part comprising a 2 bedroom maisonette
  • Rent Review outstanding 24th August 2019
  • Offers in excess of £895,000

Additional Information

The property is a Victorian mid-terrace building of brick construction arranged over lower ground, ground and two upper floors.

The retail unit which is occupied as an estate agency is arranged over the ground and lower ground floors. The lower ground floor is in excellent condition split into two rooms currently used as storage space with a small staff kitchen to the rear.  The 1st and 2nd floors comprise a valuable two-bedroom self-contained maisonette with a separate ground floor entrance.

Externally to the rear of the building is a small rear yard accessed via the lower ground floor.

Lower Ground Floor - Storage 237 sq ft 22 sq m
Ground Floor - W/C, Retail 248 sq ft 23 sq m
1st & 2nd Floor - 2 bed Maisonette 517 sq ft 48 sq m
Total 1,002 sq ft 93 sq m

Tenancies

The basement and ground floor is let to Philip Wooller Limited for 10 years from 24th August 2012 on IRI terms with 3 yearly reviews (outstanding rent review 24th August 2019) and expiring on 23rd August 2022. The current rent is £15,000 per annum.  The maisonette is let on 1 year AST paying £18,600 pa expiring March 2020.  The total current income is 33,600 per annum.

Tenure

Freehold.

VAT

The property has not been elected for VAT.

EPC

The commercial unit has an EPC rating of E120 and the residential accommodation has an EPC rating D59. A copy of both EPCs are available on our website.

Proposal

We are instructed to seek offers in excess of £895,000 (Eight Hundred and Ninety Five Thousand Pounds), subject to contract for the freehold interest.

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.

< Back to properties VIEW SHORTLIST Download Marketing Brochure Download EPC - Commercial Askew Road .pdf Download Official Copy (Title Plan) - LN83990.pdf Download RR - Commercial Askew Road .pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


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