Comprises a Retail Unit (t/a Studio Euphoria) and 2 x Two Bedroom Residential Flats
In the Same Ownership for 30 Years
Popular West London Residential Suburb
Nearby occupiers include Sainsbury's, Lidl, Morrisons, JD Wetherspoon and an Eclectic Mix of Local Retailers
Lot 14
Auction 15th February 2024
Rent £53,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles west of Central London, 2 miles west of Shepherds Bush and Westfield White City
Roads
A4020, A406, A40, M4
Rail
Acton Town Underground (District, Piccadilly Line), Acton Central (Overground)
Air
London City Airport, London Heathrow Airport
Situation
Acton is a popular west London suburb, approximately 6 miles west of Central London. The property is situated on the western side of Churchfield Road at its junction with Newburgh Road.
The immediate locality is predominantly residential with nearby occupiers including Sainsbury's, Lidl, Morrisons, JD Wetherspoon and an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
6 miles west of Central London, 2 miles west of Shepherds Bush and Westfield White City
Roads
A4020, A406, A40, M4
Rail
Acton Town Underground (District, Piccadilly Line), Acton Central (Overground)
Air
London City Airport, London Heathrow Airport
Situation
Acton is a popular west London suburb, approximately 6 miles west of Central London. The property is situated on the western side of Churchfield Road at its junction with Newburgh Road.
The immediate locality is predominantly residential with nearby occupiers including Sainsbury's, Lidl, Morrisons, JD Wetherspoon and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property comprises a hairdressers on the basement and ground floor with 2 x two bedroom self-contained residential apartments on the first, second and third floors.
VAT
VAT is not applicable to this lot.
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 hairdressers on the basement and ground floor with 2 x two bedroom self-contained residential apartments on the first, second and third floors.
VAT
VAT is not applicable to this lot.
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 (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
(Reversion)
Ground Basement
Retail Ancillary
54.25 34.91
(584) (376)
Individuals (t/a Studio Euphoria)
5 years from 25/03/2023
£15,000
(24/03/2028)
First (Flat A)
Residential
2 x Bedrooms
-
AN INDIVIDUAL
Assured Shorthold Tenancy for 1 year from 30/09/2023
£19,000 (2)
(29/09/2024)
Second (Flat B)
Residential
2 x Bedrooms
-
AN INDIVIDUAL
Assured Shorthold Tenancy for 1 year from 20/08/2023
£19,000 (2)
(20/08/2024)
Total Approximate Commercial Floor Area
89.16
(960)
£53,000
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/search?_ga=2.180207395.605098129.1705939973-1470758001.1680604438) (2) The residential rents stated above have been annualised.
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.
