A rare opportunity to acquire a substantial mid-terraced Victorian freehold building on a prominent arterial route in West London. This mixed-use property (A1 & C3) on Uxbridge Road currently generates a passing rent of approximately £90,000 per annum.
COMMERCIAL: The ground and basement floors are let under Use Class E' and currently operate as a Post Office. The lease provides a gross rental income of £18,000 per annum (exclusive of insurance and service charges) on a 15-year term from 15/02/2016.
RESIDENTIAL: The first, second, and third floors comprise five self-contained studio flats, all let on ASTs, generating a gross rental income of £53,940 per annum, representing a strong long-term investment.
ACCOMMODATION:
Basement & Ground Floor: Shop currently operating as a Post Office on a long-term lease
First Floor: Large studio flat with separate kitchen and private roof terrace
Second Floor: Two well-proportioned studio flats
Third Floor: Two further studio flats
LOCATION: Situated on the north side of Uxbridge Road (A4020), between Adelaide Grove and Willow Vale, the property is close to local amenities including Co-op Food, Hilton's Dry Cleaners, Little Napoli, Pestle & Mortar Pharmacy, KFC, and The Princess Victoria pub.
The building is approximately ½ mile west of Shepherd's Bush Underground (Central & Hammersmith & City lines) and Overground stations, and near Westfield London Shopping Centre, home to over 300 retailers including Next, John Lewis, Marks & Spencer, Primark, and Apple.
TERMS
Tenure: Freehold, offered with existing residential and commercial tenancies
Rateable Value: Interested parties to make their own enquiries with the London Borough of Hammersmith & Fulham
Method of Sale: Private Treaty
VAT: Not applicable
EPC: Retail unit Band C; Flats Band C
Legal Costs: Each party to bear their own costs
Total GIA: To be confirmed
VIEWINGS: Strictly by prior appointment via sole agents: Amber & Co 020 8740 9944
ADDITIONAL INFORMATION
• The property comprises five fully self-contained studios/bedsits, each with its own private bathroom, kitchenette, and individual fuse box.
• The upper part of the property is registered under two council tax accounts, both in the name of the current owner.
• Electricity: The main supply is registered to the current owner and managed via a smart meter. Each flat is metered individually through coin-operated sub-meters. No gas supply is available.
• All tenancies are held under Assured Shorthold Tenancy (AST) agreements.
• Following completion, the Buyer acknowledges that Amber & Co's monthly management fees will continue to be payable.
• The upper part of the property does not benefit from building control certificates or planning permissions. The studios were established circa 2010 by the previous leaseholder. Since acquisition by the freeholder, no applications for building control or planning permissions have been made. The Buyer acknowledges that they are purchasing the property as seen and at their own risk.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Shepherd's Bush is an area of west London in the London Borough of Hammersmith and Fulham. Although it is primarily residential in character, its focus is the shopping area of Shepherd's Bush Green, with the Westfield shopping centre lying a short distance to the north. The main thoroughfares are Uxbridge Road, Goldhawk Road and Askew Road, all containing a large number of small and mostly independent shops, pubs and restaurants. The Loftus Road football stadium in Shepherd's Bush is home to Queens Park Rangers. In 2011, the population of the area was 39,724.
The district is bounded by Hammersmith to the south, Holland Park and Notting Hill to the east, Harlesden to the north and by Acton and Chiswick to the west. White City forms the northern part of Shepherd's Bush. Shepherd's Bush comprises the Shepherd's Bush Green, Askew and White City wards.
| Utility |
Supply Type |
| Electric |
Mains Supply |
| Gas |
None |
| Water |
Mains Supply |
| Sewerage |
None |
| Broadband |
None |
| Telephone |
None |
| Other Items |
Description |
| Heating |
Electric Heaters |
| Garden/Outside Space |
No |
| Parking |
No |
| Garage |
No |
| Broadband Coverage |
Highest Available Download Speed |
Highest Available Upload Speed |
| Standard |
19 Mbps |
1 Mbps |
| Superfast |
80 Mbps |
20 Mbps |
| Ultrafast |
330 Mbps |
50 Mbps |
| Mobile Coverage |
Indoor Voice |
Indoor Data |
Outdoor Voice |
Outdoor Data |
| EE |
Enhanced |
Enhanced |
Enhanced |
Enhanced |
| Three |
Enhanced |
Enhanced |
Enhanced |
Enhanced |
| O2 |
Enhanced |
Enhanced |
Enhanced |
Enhanced |
| Vodafone |
Enhanced |
Enhanced |
Enhanced |
Enhanced |
Broadband and Mobile coverage information supplied by Ofcom.