56 Shepherd's Bush Road Shepherd's Bush London W6 7PH
56 Shepherd's Bush Road Shepherd's Bush London W6 7PH
Central London Retail Investment
Let to an Individual t/a Kings & Queens until 2033 (Subject to Option)
Popular West London Suburb
300m East of Goldhawk Road Underground and 500m West of Shepherd's Bush Underground
VAT Free Investment
Neighbouring Occupiers include Sainsbury's, Lidl, William Hill, Barnard Marcus, Gail's Bakery and a mix of Local Retailers as well as many independent budget hotels.
Let to an Individual t/a Kings & Queens until 2033 (Subject to Option)
Popular West London Suburb
300m East of Goldhawk Road Underground and 500m West of Shepherd's Bush Underground
VAT Free Investment
Neighbouring Occupiers include Sainsbury's, Lidl, William Hill, Barnard Marcus, Gail's Bakery and a mix of Local Retailers as well as many independent budget hotels.
Lot 8
Auction 21st September 2023
Rent £22,500 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1 mile west of Holland Park, 1 mile north of Hammersmith, 3 miles west of the West End
Road
A4, A3220, A219
Train
300m east of Goldhawk Road Underground (Circle and Hammersmith), 500m west of Shepherd's Bush Underground Station (Central)
Air
London City Airport, London Heathrow Airport
Situation
The property is situated on Shepherd's Bush Road (A219), the main arterial route through from Shepherd's Bush Green to Hammersmith. The property benefits from excellent public transport links with Goldhawk Road Underground and Shepherd's Bush Underground stations just a short walk away.
Within immediate locality is a mix of residential and commercial buildings with nearby occupiers ncluding Sainsbury's, Lidl, William Hill, Barnard Marcus,Gail's Bakery and a mix of Local Retailers as well as many independent budget hotels.
Tenure
Virtual Freehold. Held for a term of 999 years at a fixed peppercorn rent from completion of the sale.
Location
Miles
1 mile west of Holland Park, 1 mile north of Hammersmith, 3 miles west of the West End
Road
A4, A3220, A219
Train
300m east of Goldhawk Road Underground (Circle and Hammersmith), 500m west of Shepherd's Bush Underground Station (Central)
Air
London City Airport, London Heathrow Airport
Situation
The property is situated on Shepherd's Bush Road (A219), the main arterial route through from Shepherd's Bush Green to Hammersmith. The property benefits from excellent public transport links with Goldhawk Road Underground and Shepherd's Bush Underground stations just a short walk away.
Within immediate locality is a mix of residential and commercial buildings with nearby occupiers ncluding Sainsbury's, Lidl, William Hill, Barnard Marcus,Gail's Bakery and a mix of Local Retailers as well as many independent budget hotels.
Tenure
Virtual Freehold. Held for a term of 999 years at a fixed peppercorn rent from completion of the sale.
Description
The property comprises a lock up shop with retail accommodation on the ground floor and ancillary accommodation in the basement. The Upper floor comprise 3 self contained flats which are accessed from a separate entrance at the front of the property.
VAT
VAT is not applicable to this lot.
EPC
Band E
Description
The property comprises a lock up shop with retail accommodation on the ground floor and ancillary accommodation in the basement. The Upper floor comprise 3 self contained flats which are accessed from a separate entrance at the front of the property.
VAT
VAT is not applicable to this lot.
EPC
Band E
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground Basement
Retail Ancillary
29.02 31.91
(312) (344)
AN INDIVIDUAL (t/a Kings & Queens)
10 years from 24/03/2023 (2)
£22,500 (2)
24/03/2028 (23/03/2033)
Total Approximate Commercial Floor Area
60.91(1)
(656) (1)
£22,500 (2)
(1) The lease provides for a tenant option to determine the lease on 24/03/2028 upon serving 6 months written notice. The Seller is holding a rent deposit of £5,625. (2) The lease provides for the tenant to pay a concessionary rent of £11,250 per annum exclusive for the first 6 months of the term. The Seller will pay the Buyer the difference between £11,250 per annum exclusive and £22,500 per annum exclusive from completion of the sale until the end of the 50% concessionary rent period. Therefore the property will produce £22,500 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.
