Comprising Ground Floor Retail Unit with Two x 2 Bedroom Flats
Prominent Corner Location in Popular West London Suburb
Close to Chiswick High Road (A315) and Chiswick Common
Highly Popular Retailing Location
VAT Free Investment
Nearby Occupiers Include Waterstones, M&S Food, Planet Organic, Joe & The Juice and Gourmet Burger Kitchen.
Lot 9
Auction 15th December 2022
Rent £59,800 per Annum Exclusive Plus Vacant Flat
Status Sold Post
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
On the Instructions of Receivers
Property Information
Location
Miles
6 miles west of Central London, 2 miles west of Westfield, London, 1.5 miles west of Hammersmith
Roads
A4, A315, A316, M4, A40
Rail
Chiswick Park Underground (District Line), Stamford Brook Underground (District Line), 1.5 miles west of Hammersmith Overground and Underground (Circle/Hammersmith & City Lines)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Chiswick is an affluent and fashionable West London suburb some 6 miles west of Central London. The property is approximately 1.5 miles from the North Circular Road (A406) and the M4 which provides direct access to the M25.
The property is situated on Devonshire Road at its junction with Prince of Wales Terrace, close to the busy Chiswick High Road (A315) and 350 metres from Turnham Green Underground Station. Occupiers in Devonshire Road include a number of boutique specialist retailers and restaurants, with traders close by on Chiswick High Road including Waterstones, M&S Food, Planet Organic, Joe & The Juice and Gourmet Burger Kitchen. Chiswick High Road is also home to the highly popylar Chiswick Flower Market and Chiswick High Road Antique and Vintage Market.
Tenure
Freehold.
Location
Miles
6 miles west of Central London, 2 miles west of Westfield, London, 1.5 miles west of Hammersmith
Roads
A4, A315, A316, M4, A40
Rail
Chiswick Park Underground (District Line), Stamford Brook Underground (District Line), 1.5 miles west of Hammersmith Overground and Underground (Circle/Hammersmith & City Lines)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Chiswick is an affluent and fashionable West London suburb some 6 miles west of Central London. The property is approximately 1.5 miles from the North Circular Road (A406) and the M4 which provides direct access to the M25.
The property is situated on Devonshire Road at its junction with Prince of Wales Terrace, close to the busy Chiswick High Road (A315) and 350 metres from Turnham Green Underground Station. Occupiers in Devonshire Road include a number of boutique specialist retailers and restaurants, with traders close by on Chiswick High Road including Waterstones, M&S Food, Planet Organic, Joe & The Juice and Gourmet Burger Kitchen. Chiswick High Road is also home to the highly popylar Chiswick Flower Market and Chiswick High Road Antique and Vintage Market.
Tenure
Freehold.
Description
The property comprises a ground floor shop with two self-contained flats above. The flats are separately accessed via Prince of Wales Terrace. Each flat comprises an open plan kitchen/living room, two bedrooms and a bathroom. There is a storage unit to the rear of the property. (4)
VAT
VAT is not applicable to this lot.
Note
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.
The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional 1% of the purchase price + VAT.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with two self-contained flats above. The flats are separately accessed via Prince of Wales Terrace. Each flat comprises an open plan kitchen/living room, two bedrooms and a bathroom. There is a storage unit to the rear of the property. (4)
VAT
VAT is not applicable to this lot.
Note
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.
The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional 1% of the purchase price + VAT.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Ground
Retail
68.00
(733)
FORDEL LIMITED t/a Lark (1)
10 years from March 2022 (2)
£40,000
March 2032
First
Residential
2 Bed Flat
VACANT POSSESSION
Second
Residential
2 Bed Flat
INDIVIDUAL
12 month AST from 20/11/2021
£19,800
Rear Lock up (3)
Storage
-
-
-
-
-
Total Approximate Commercial Floor Area
68.00
(733) (4)
£59,800
(1) Lark is a family run independent business providing beautiful products for lifestyle and home operating from 11 stores across south west London. (www.larklondon.com) (2) The lease provides for a tenant option to determine the lease on the 5th anniversary of the term upon serving 6 months written notice. (3) There is a storage unit to the rear of the property. Further information can be found within the legal pack. (4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
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.
