Churchfield Road London, W3
£4,800,000 Offers in the region of (£400,000 per month)
Commercial Property 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 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 RD | Flat 1 | AST | £20,020 |
| Flat 2 | AST | £13,200 | |
| Flat 3 | AST | £15,600 | |
| Flat 4 | AST | £19,500 | |
| 92 Churchfield RD | 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 RD | Flat A | AST | £14,040 |
| Flat B | AST | £14,300 | |
| Flat C | AST | £14,040 | |
| Flat D | AST | £14,040 | |
| 96 Churchfield RD | 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 | |||
EPC’S:
A copy of the EPC’s are available upon request.
Terms:
Offers in excess of £4,800,000 are sought for client’s freehold interest.
Legal Fees:
Each party to bear own legal costs.
Viewings:
By prior arrangements with seller’s sole agent Willmotts.
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.
Contacts:
Emily Bradshaw - D: 020 8222 9947 M: 07920 769395 E: e.bradshaw@willmotts.com
Varol Zafer - D: 020 8222 9946 M: 07900 224967 E: v.zafer@willmotts.com
Tenure: Freehold
Brochure
