Mixed Use For Sale
Location:
The premises are located on the northern side of Churchfield Road near its junction with Newburgh Road. It is well served by transport links including Acton Central (Overground) Station (0.3 miles) and Acton Town Station (District and Piccadilly Lines) (0.7 miles). Acton High Street and The Oaks Shopping Mall are within the locality where a wealth of national and local operators trade from, including Lidl, Wilko, Poundland, Barclays Bank, The Gym Group and Boots.
Description:
The subject properties are part of a mixed-use terraced building of traditional brick elevations. The ground floor and basement comprise retail accommodation which are currently fully let to retailers including a nail bar, café, Lebanese restaurant, and a beauty salon. The residential parts are self-contained and comprise part of the rear ground floor, and the first second and third floors. Of the 16 flats, 10 are fully let on ASTs and 6 have been sold off on 125-year leases which produce an income of £500 per annum from the ground rents.
User:
We believe the premises fall under Class E & C3 Dwelling houses of The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
Accommodation & Tenancy Schedule:
The property offers the following (NIA) approximate dimensions: -
Commercial Floor Areas:
| Property | Floor Area |
| 90 Churchfield Road | 445 sq. ft. (41.31 sq. m.) |
| 92 Churchfield Road | 454 sq. ft. (42.20 sq. m.) |
| 94 Churchfield Road | 897 sq. ft. (83.30 sq. m.) |
| 96 Churchfield Road | 429 sq. ft. (39.89 sq. m.) |
| Total Area: 2,225 sq. ft. (206.70 sq. ft.) | |
Commercial Tenancies:
| Property | Term | Total rent P/A |
| 90 Churchfield Road | 8-year FRI from 18.07.18 | £14,500 |
| 92 Churchfield Road | 8-year FRI from 30.04.14 | £12,500 |
| 94 Churchfield Road | 5 Year FRI from 21.09.20 | £17,000 |
| 96 Churchfield Road | 8 Year FRI from 01.02.23 | £14,000 |
| Total Income Per Annum £58,000 | ||
| Building | Property | Term | Total rent P/A |
| 90 Churchfield Road | Flat 1 | AST | £20,020 |
| Flat 2 | AST | £13,200 | |
| Flat 3 | AST | £15,600 | |
| Flat 4 | AST | £19,500 | |
| 92 Churchfield Road | GF Flat A | AST | £16,220 |
| GF Flat B | AST | £13,200 | |
| FF Flat | 125-year lease | £50 | |
| SF Flat | 125-year lease | £50 | |
| 94 Churchfield Road | Flat A | AST | £14,040 |
| Flat B | AST | £14,300 | |
| Flat C | AST | £14,040 | |
| Flat D | AST | £14,040 | |
| 96 Churchfield Road | GF Flat | 125-year lease | £100 |
| FF Front Flat | 125-year lease | £100 | |
| FF Rear Flat | 125-year lease | £100 | |
| SF Flat | 125-year lease | £100 | |
| Total Income Per Annum £154,660 | |||
Local Council:
London Borough of Ealing.
EPC:
A copy of the EPCs are available upon request.
Legal Fees:
Each party to bear its own legal costs.
VAT:
Not applicable.
Tenure:
Freehold, subject to the existing tenancies.
Price:
Offers invited in the region of £4,000,000 (four million pounds) which shows a GIY of 5.32% on an overall basis.
AML:
Money Laundering In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from any successful Purchaser.
Viewings:
By prior appointment only via landlord’s sole agent: Willmotts Chartered Surveyors.
Contacts:
| Emily Bradshaw D: 020 8222 9947 M: 07920 769395 E: e.bradshaw@willmotts.com | Huseyin Zafer D: 020 8222 9901 M: 07918482210 E: h.zafer@willmotts.com | Varol Zafer D: 020 8222 9946 M: 07900 224967 E: v.zafer@willmotts.com | Shahid Sadiq D: 020 8222 9945 M: 07961 410931 E: s.sadiq@willmotts.com |
Tenure: Freehold
