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Modern and Spacious 0 bed Shop property

Available

For Sale

Listed Jun 7, 2024

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£650,000

Available

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020 8896 1993

By Citydeal Estates

Description

" Well maintained Mixed Use investment opportunity situated on Acton High Street. The commercial space spans approximately 775 sq ft and is leased to a reputable local barber, ensuring a steady annual rental income under a FRI lease for 15 years starting from 2020, with rent reviews every 5 years. Additionally, there‘s a spacious two double bedroom flat above, featuring a separate entrance and outdoor space, currently leased on an AST at a monthly rent of £1,500pcm.

The net yearly income stands at £36,000 per annum, with potential for growth in 2025.

Location:
The property is conveniently located on Acton High Street, surrounded by shops, cafes, and public transport options. It‘s close to The New Oaks Shopping Centre, a local Cinema, and the Everyone Active facility offering gym and swimming pool access. Acton Town Tube Station (District Line and Piccadilly Line) is a 15-minute walk to the southwest, while Acton Central (London Overground) is just a 5-minute walk to the northeast. Acton Main Line Station (Elisabeth Line) is approximately a 15-minute walk to the north. The area is well-served by local bus services and enjoys excellent connectivity between Shepherd‘s Bush and Ealing, making it a location with high pedestrian traffic.

Commercial:
15 year lease rented to a Barber Shop from 2020 with rent reviews in 2025 & 2030. Size: Approx. 775 sq ft

Rates:
The rateable value = £14,250; payable, BEFORE any reliefs or discounts. Interested parties must verify these figures with London Borough of Ealing. The property qualifies for small business relief.

Residential:
The 2 bedroom property offers a modern fitted open-plan kitchen, featuring a bright and airy south-facing lounge, a large modern bathroom with a shower, two double bedrooms and outdoor patio. It is neutrally decorated throughout and boasts a good standard of fixtures and fittings throughout the flat.

Legal costs:
Each party to be responsible for their own legal costs incurred in the transaction.

Viewing:
Strictly by appointment only with Sole Agents Citydeal Estates 020 8896 0800.

Tenure: Freehold
"