|Energy Performance Rating||N/A|
Freehold Mixed Use Investment For Sale
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.
- Attractive four storey terraced building
- 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
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|
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.
The property has not been elected for VAT.
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.
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.
Each party to be responsible for their own legal costs incurred in this transaction.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:
020 7478 9112
020 7478 9113