Located in a prominent position in affluent and popular West London suburb
Comprises a triple fronted shop (single let) and 2 x two bedroom separately let flats
Shop let to JP McDougall & Co Limited, t/a Askews, a Dulux Decorator Centre and a wholly owned subsidary of Akzo Nobel
Development Potential of Upper Floors (subject to necessary consents)
Opposite Co-op Supermarket with other occupiers nearby including Costa, Tesco Express and a number of independent shops & boutiques
VAT-free investment
Lot 6
Auction 4th November 2021
Rent £91,400 per Annum Exclusive
Status Sold
Price £1,320,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles north-east Chiswick
3 miles south-west of Notting Hill
7 miles west of Central London
Roads
A40 (Westway), A4 (Hammersmith Flyover), A3220
Rail
Shepherds Bush Underground (Central & Metropolitan Lines) & Overground, Goldhawk Road Underground (Metropolitan & Circle Lines)
Air
Heathrow
Situation
Shepherd`s Bush is a primarily residential West London suburb, 2 miles north-east of Chiswick, 3 miles south-west of Holland Park/Notting Hill and 7 miles west of Central London. Askew Road (B408) connects Uxbridge Road & Goldhawk Road. The property is located in the heart of Askew Road at its junction with Landor Walk, close to Hadyn Park Road and diagonally opposite a Co-op Supermarket and Gayford Road. Occupiers close by include Tesco Express, Costa, Ginger Pig and Askewine, as well as a number of other specialist traders & boutiques.
Tenure
Freehold.
Location
Miles
2 miles north-east Chiswick
3 miles south-west of Notting Hill
7 miles west of Central London
Roads
A40 (Westway), A4 (Hammersmith Flyover), A3220
Rail
Shepherds Bush Underground (Central & Metropolitan Lines) & Overground, Goldhawk Road Underground (Metropolitan & Circle Lines)
Air
Heathrow
Situation
Shepherd`s Bush is a primarily residential West London suburb, 2 miles north-east of Chiswick, 3 miles south-west of Holland Park/Notting Hill and 7 miles west of Central London. Askew Road (B408) connects Uxbridge Road & Goldhawk Road. The property is located in the heart of Askew Road at its junction with Landor Walk, close to Hadyn Park Road and diagonally opposite a Co-op Supermarket and Gayford Road. Occupiers close by include Tesco Express, Costa, Ginger Pig and Askewine, as well as a number of other specialist traders & boutiques.
Tenure
Freehold.
Description
The property comprises a triple fronted ground floor shop with rear storage and ancillary accommodation on part first floor and second floors, plus 2 x two bedroom self-contained flats, each arranged on part ground and part first floors.
The property benefits from separate access to the flats from Landor Walk.
VAT
VAT is not applicable to this lot.
Completion Period
6 Week Completion Available
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a triple fronted ground floor shop with rear storage and ancillary accommodation on part first floor and second floors, plus 2 x two bedroom self-contained flats, each arranged on part ground and part first floors.
The property benefits from separate access to the flats from Landor Walk.
VAT
VAT is not applicable to this lot.
Completion Period
6 Week Completion Available
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Lot 6
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
99 / 103 Askew Road
Ground First Second
Retail Ancillary Ancillary
205.21 sq m 40.69 sq m 10.12 sq m
(2,209 sq ft) (438 sq ft) (109 sq ft)
JP McDOUGALL & Co LIMITED (3) t/a Askews
10 years from 11/12/2013
£55,000
99A
Ground & First
Residential - 2 bedrooms
53.97 sq m
(581 sq ft)
INDIVIDUAL
Statutory Periodic Tenancy from 1/05/2019 until 30/04/2021 (Holding Over)
£18,720
101A
Ground & First
Residential - 2 bedrooms
59 sq m
(635 sq ft)
INDIVIDUALS
2 years from 31/01/2020
£17,680
Total Commercial Area
369 sq m
(3,972 sq ft)
£91,400
(3) For the ended 31/12/2019, JP McDougall reported a turnover of £185,160,000, pre-tax profits of £5,702,000 and a net worth of £-55,331,000 (Source Northrow 5/10/2021) - a wholly owned subsidary of Akzo Nobel - (website: www.duluxdecoratorcentre.co.uk/stores/shephers_bush)
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.
