Producing substantial rental income with potential to increase
Popular West London suburb
Situated on a busy business estate
Approximately 10,380 sq ft
Nearby occupiers include Pirtek, Namco, Access Self Storage and Safestore Self Storage
Lot 21
Auction 26th May 2011
Rent £112,920 per Annum
Status Sold
Price £940,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
8 miles west of Central London
Roads
M4, A40, A4, A406 (North Circular Road)
Rail
Acton Central Overground, Acton Town Underground Station (District and Piccadilly lines), South Acton (Overground)
Air
Heathrow Airport
Situation
Acton is a popular West London suburb situated between Chiswick and Ealing, with the A406 (North Circular Road) some 1.5 miles to the west. The property is situated on the east side of Eastman Road, just south of The Vale (A4020) in a popular business area adjoining to the important Acton Park Industrial Estate. The Vale (A4020) is a major arterial route through West London. Nearby occupiers include Pirtek, Namco, Access Self Storage and Safestore Self Storage.
Tenure
Freehold.
Location
Miles
8 miles west of Central London
Roads
M4, A40, A4, A406 (North Circular Road)
Rail
Acton Central Overground, Acton Town Underground Station (District and Piccadilly lines), South Acton (Overground)
Air
Heathrow Airport
Situation
Acton is a popular West London suburb situated between Chiswick and Ealing, with the A406 (North Circular Road) some 1.5 miles to the west. The property is situated on the east side of Eastman Road, just south of The Vale (A4020) in a popular business area adjoining to the important Acton Park Industrial Estate. The Vale (A4020) is a major arterial route through West London. Nearby occupiers include Pirtek, Namco, Access Self Storage and Safestore Self Storage.
Tenure
Freehold.
Description
The property, a three storey traditional building, comprises 35 serviced offices and workshop/warehouse units. The property also benefits from parking for approximately 10 cars.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a three storey traditional building, comprises 35 serviced offices and workshop/warehouse units. The property also benefits from parking for approximately 10 cars.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First Second
35 Serviced Offices and Workshops
405.89 sq m 405.89 sq m 288.56 sq m
(4,369 sq ft) (4,369 sq ft) (3,106 sq ft)
NUMEROUS
30 let on individual annual licences (1)
£112,920 (2)
Totals
1,000.34 sq m
(11,844 sq ft)
£112,920 with 6 Suites To Be Let
(1) The rent shown above includes £100 per month inclusive for a licence for a container located in the car park. (2) The above rent is per annum inclusive and the seller has indicated the current average management/service charge is £4981.25 per calendar month equating to £59,775 per annum.