Freehold Retail Investment
Freehold Retail Investment
Acton is a busy and popular West London suburb 1 mile east of Ealing. The area is well connected by rail and road with the new Crossrail service due to start operating from Acton Mainline in 2019, reducing journey times to Bond Street to just 9 minutes. The property is prominently situated on the southern side of High Street, opposite Morrisons supermarket and car park. Other nearby occupiers include a number of independent retailers, Jennings Bet and Barclays Bank.
Freehold.
Acton is a busy and popular West London suburb 1 mile east of Ealing. The area is well connected by rail and road with the new Crossrail service due to start operating from Acton Mainline in 2019, reducing journey times to Bond Street to just 9 minutes. The property is prominently situated on the southern side of High Street, opposite Morrisons supermarket and car park. Other nearby occupiers include a number of independent retailers, Jennings Bet and Barclays Bank.
Freehold.
The property comprises a ground floor retail unit with two selfcontained residential flats on the upper floors let on long leases. There is an ATM machine located on site.
VAT is not applicable to this lot.
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with two selfcontained residential flats on the upper floors let on long leases. There is an ATM machine located on site.
VAT is not applicable to this lot.
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|---|
| 231 | Ground Basement |
Retail Ancillary |
71.00 sq m 54.90 sq m |
(764 sq ft) (590 sq ft) |
INDIVIDUALS t/a Lebara Mobile & Khaneja Foods & Wine |
16 years 01/09/2005 until 31/08/2021 |
£20,000 | 01/09/2017 |
| 231A 231B |
First Second |
Residential Residential |
- - |
- - |
INDIVIDUALS | 2 x 125 years from 25/12/2003 until 24/12/2128 |
£125 each | 25 yearly reviews (1) |
| Total Commercial Area | 125.90 sq m |
(1,354 sq ft) |
£20,250 | |||||
(1) The lease provides fixed rental increases to £225 pa in 25/12/2028, £365 pa in 25/12/2053, £500 pa in 2078 and £650 pa on 25/12/2103.
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