Property Auctions 28/Oct/2020 | 299 Chiswick High Road, Chiswick, London, W4 4HH

Freehold Investment

Let until 2035 (No breaks)
Attractive, affluent and highly fashionable West London suburb
Important Rent Review Outstanding (1)
No rental arrears
Approximately 400 metres from Chiswick Park Business park
Neighbouring occupiers include Cotswold Outdoor, Neptune, Majestic Wine, Halfords, HSBC and Caffe Nero.

Lot 1
Auction 28th October 2020
Rent £24,000 per Annum Exclusive
Status Sold
Price £403,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles west of Central London
Roads: A406 (North Circular Road), M4
Rail: Chiswick Park (District Line),; Turnham Green Station; (District & Piccadilly Lines)
Air: London Heathrow airport,

Situation

Chiswick is an attractive, affluent and highly fashionable West London suburb, located approximately 6 miles west of Central London and 8 miles east of Heathrow Airport. The property is prominently located on the south side of Chiswick High Road (A315), Chiswick's prime retailing thoroughfare. The property benefits from being less than 150 metres to Chiswick Park Station (District Line), with Turnham Green Station (District & Piccadilly Lines) also a short walk away. The property benefits from being some 400 metres from the major Chiswick Park Business Park which comprises 1,800,000 sq ft of offices, accommodating 10,000 workers from 75 companies (www.enjoy-work.com/the-park/availability) Neighbouring occupiers include Cotswold Outdoor, Neptune, Majestic Wine, Halfords, HSBC and Caffe Nero. Other national retailers located on Chiswick High Road include Waitrose, Starbucks, Boots the Chemist, Gail's Bakery, Greggs and several national bank branches.

Tenure

Freehold.

Location

Miles: 6 miles west of Central London
Roads: A406 (North Circular Road), M4
Rail: Chiswick Park (District Line),; Turnham Green Station; (District & Piccadilly Lines)
Air: London Heathrow airport,

Situation

Chiswick is an attractive, affluent and highly fashionable West London suburb, located approximately 6 miles west of Central London and 8 miles east of Heathrow Airport. The property is prominently located on the south side of Chiswick High Road (A315), Chiswick's prime retailing thoroughfare. The property benefits from being less than 150 metres to Chiswick Park Station (District Line), with Turnham Green Station (District & Piccadilly Lines) also a short walk away. The property benefits from being some 400 metres from the major Chiswick Park Business Park which comprises 1,800,000 sq ft of offices, accommodating 10,000 workers from 75 companies (www.enjoy-work.com/the-park/availability) Neighbouring occupiers include Cotswold Outdoor, Neptune, Majestic Wine, Halfords, HSBC and Caffe Nero. Other national retailers located on Chiswick High Road include Waitrose, Starbucks, Boots the Chemist, Gail's Bakery, Greggs and several national bank branches.

Tenure

Freehold.

Description

The property comprises a self contained commercial units with ground floor retail accommodation and ancilarry accommodation in the basement. The first and second floors comprise residential flats that have been let on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

See legal pack.

Description

The property comprises a self contained commercial units with ground floor retail accommodation and ancilarry accommodation in the basement. The first and second floors comprise residential flats that have been let on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
Basement Ground	Retail Ancillary	42.76 sq m 38.40 sq m	(460 sq ft) (413 sq ft)	INDIVIDUAL	20 years from 25/03/2015 until 24/03/2035	£24,000	25/03/2020 (1) 5 yearly rent reviews
First	Residential	1 bed flat		INDIVIDUAL	125 years from 2017	peppercorn
Second	Residential	1 bed flat		INDIVIDUAL	170 years from 2013	peppercorn
Total Commercial Floor Area		81.16 sq m	(873 sq ft)			£24,000

(1) As to the March 2020 Rent Review the Seller has served a rent review notice on the tenant proposing a new rent of £28,000 per annum exclusive.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.