Uxbridge Road, London, W12

££3,495,000 Offers in excess

Commercial Property For Sale

Location:
The properties are located on the north side of Uxbridge Road close to its junction with Lime Grove Studios. This part of the Uxbridge Road is occupied predominantly by local retailers, and a number of national retailers including a Tesco Local. The property is located close to Shepherds Bush Market Station which is served by the Hammersmith and City line. As well as Shepherds Bush Station, which is served by the Central Line, which is located a short distance from Shepherds Bush railway station which is served by London Overground. Shepherds Bush and White City stations close by provide access to the London Underground with services on the Central Line providing frequent services into the West End while Shepherds Bush Market has services on the Circle and Hammersmith&City Lines and Hammersmith Broadway to the south offers access to the Piccadilly and District Lines. The property is located close to a busy pedestrian thorough fare between public transport links and the Westfield Shopping Centre just north of Uxbridge Road. Westfield Shopping Centre itself is occupied by numerous well known national retailers, restaurateurs, and entertainment providers.

Description:
The property comprises a terrace of three adjoining buildings with commercial accommodation on the ground floor, ancillary basement storage and self contained residential flats above. The three buildings are of a similar construction all built in the latter part of the 19th century with 9” brick elevations under pitched slate covered roofs.232 is a four-storey building including the basement. 234 and 236 each have an extra floor at third floor level. The residential elements are a mixture of 2 & 3 bedroom flats accessed from a rear service road off Stanlake Villas which also provides access to the block of six lock up garages. Each of the ground floor commercial units benefits from a glazed frontage onto Uxbridge Road and the shops are broadly rectangular in shape, fitted out in the corporate style of the tenants.

Tenancy and Accommodation Schedule:

Commercial







Property/UnitTenant Lease start dateLease end DatePassing rentERVNext ReviewNIAITZA
232 Uxbridge RoadWaqas Amjad02/11/201901/11/2039 £          25,000.00 £          28,000.0002/11/2024961301
234 Uxbridge RoadJorgensen & Turner LLP25/03/201724/03/2027 £          38,000.00 £          38,000.0025/03/20221436542
236 Uxbridge RoadLodge Brothers (Funerals) Limited05/03/202404/03/2024 £          36,700.00 £          36,700.0005/03/20291381519




 £          99,700.00 £        102,700.00
3778

Residential






Property/UnitTenant TypeLease expiry Passing rent  ERV BedsSq. Ft.
232A Uxbridge RoadJ Smith and M WraithAST31/07/2024 £          19,200.00 £          19,200.002687
234A Uxbridge RoadK Pathak and A KhawajaAST31/07/2024 £          24,000.00 £          24,000.002730
234B Uxbridge RoadH Rossi, Z Balcombe, B T JonesAST31/05/2024 £          28,800.00 £          28,800.003878
236A Uxbridge RoadG Smith and C GibbonAST31/08/2024 £          22,200.00 £          22,200.002704
236B Uxbridge RoadJ M SaundersRegulated Unknown £            8,892.00 £          19,200.0031087




 £        103,092.00 £        113,400.00
4086

Garages




Property/UnitTenant TypeLease expiry Passing rent  ERV 
1F O'ConnorAgreement24/03/2021 £            1,750.00 £            2,500.00
2Lodge BrothersLicenceN/A £            1,500.00 £            2,500.00
3K MalikAgreement01/04/2021 £            2,000.00 £            2,500.00
4Jorgensen TurnerAgreement14/01/2018 £            1,666.66 £            2,500.00
5Jorgensen TurnerAgreement31/10/2020 £            1,666.66 £            2,500.00
6Jorgensen TurnerAgreement31/10/2020 £            1,666.66 £            2,500.00




 £       10,249.98 £       15,000.00

Total Rents & ERV's £        213,042 £        231,400.00

User:
We believe the premises fall under Class E and C3 use of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations.

Tenure:
Freehold subject to the existing leases and tenancies.

Terms:
Offers are invited in excess of £3,495,000 subject to the existing tenancies. A purchase at this level will provide a NIY of 8% for the commercial element whilst placing the residential at a realistic £507.00 per Sq Ft. when comparing to the average local market which is approximately £863.00 per sq ft. The garage block is valued at £250,000.

EPCs:
AddressEPC
232 Uxbridge RoadD
232A Uxbridge RoadD
234 Uxbridge RoadE
234A Uxbridge RoadC
234B Uxbridge RoadC
236 Uxbridge RoadD
236A Uxbridge RoadD
236B Uxbridge RoadG

VAT:
Is not applicable.
 
Legal:
Each party to bear its own legal costs.

AML:
In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken.

Emily Bradshaw M: 07920 769395 E: e.bradshaw@willmotts.com
Shahid Sadiq M:07961 410931 E: s.sadiq@willmotts.com
Huseyin Zafer M: 07918482210 E: h.zafer@willmotts.com
Varol Zafer M: 07900 224967 E: v.zafer@willmotts.com

Tenure: Freehold

Uxbridge Road, London, W12
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Office Details

Willmotts Commercial
Willmotts Property Services Willmott House
12 Blacks Road
Hammersmith
W6 9EU

020 8748 6644
commercial@willmotts.com

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