Retail premises for sale

Building, 285, Chiswick High Road, Chiswick W4

Retail (occupied): Ground floor and Basement premises, let to Currency Exchange Corporation Limited since 2012 (business not affected). Gross Internal Area: 785 sq. Ft. | itza: 361.88 sq. Ft..

Residential (HMO- fully occupied): 2 x 1 bed flats and 1 studio flat arranged over the upper parts with communal entrance. 1 x 1 bed ground floor garden flat with private rear entrance from Sutton Lane. Shared laundry facilities in communal lobby.

Accommodation:
Shop + basement: 785 sq.ft.
Flat A - Garden: 370 sq.ft.
Flat B - First Floor: 165 sq.ft.
Flat C - First Floor: 380 sq.ft.
Flat D - Second Floor: 450 sq.ft.
Total: 2,150 sq.ft.

Location:
Situated on the South side of Chiswick High Road (A315), adjacent to HSBC bank, at the traffic light junction with Acton Lane/Sutton Lane North B490 (Turnham Green). Forming part of this attractive period parade of shops, eateries and professional services. Located in central Chiswick, diagonally opposite the major redevelopment of Empire House/Chiswick Green by Great Marlborough Estates and close to Chiswick Business Park. Chiswick Park TfL station (District Line) a few minute walk and within 1⁄2 mile of Gunnersbury station (District and London Overground). Many bus routes pass the property.

Terms:
Freehold investment – Fully Let

Price reduced: Instructed to seek offers in the region of £1,350,000 subject to contract only.. VAT is not applicable.

Retail: Let to Currency Exchange Corporation Limited on a Full Repairing & Insuring Lease, for a term of 5 years from December 2020 (exp. 2025), held inside the security provisions of the Landlord & Tenant 1954 Act. Passing rent: £30,000 p.a.x.. New lease pending.

Residential: Flats A – D fully let on AST agreements, producing an annual rental income of £68,940 (2025). More information available upon request.

Total rental income: Gross £98,940 for the current year.

Legal costs: Each party responsible for its own legal costs. However, the purchaser to provide an undertaking of £5,000.

Planning: Class E(c) Use Commercial premises. The residential flats operate as an HMO under C4 Use.

Viewing: Strictly by prior appointment via the joint sole agents MJ Finn Commercial and Dexters.