author Lettings : 020 7355 8080

139 North End Road For Sale Investments

139 North End Rd, Hammersmith, London W14, UK
£595,000/Sale

Description

Location

The property is located on the east side of North End Road and a quarter of a mile between Olympia Exhibition centre and West Kensington Tube station. The multi-billion pound redevelopment of Earls Court is located less than a mile away. The immediate area is surrounded by a mixture of retail and residential on the beginning of a busy and populated road. Other properties near to the property are national occupiers such as Sainsbury’s as well as local café’s and restaurants.

Description

The property is a newly renovated corner shop premises with full glass frontage and a luxury internal finish benefiting from good footfall along the busy North End Road with convenient side street parking access.

Tenure

The property is held on a long lease hold basis expiring in 2091. The lessors should be open to extending.The ground rent is £150 per annum, rising to £200 in December 2020. The ground rent is to then increase £100 every 10 years there after.

Accommodation

Ground Floor: 547 sq ft
Lower Ground Floor 312 sq ft

Total 859 sq ft

Tenancy

The property is let Arthur Rai Medical Services Limited for a term of 10 years from March 2009. The current rent it £43,750 per annum.

The rent for the tenth/final year of the existing lease will increase to £54,113 per annum.

Company accounts are available upon request.

Business Rates

Our client has advised us the rateable value of the property is £8,900. Rates payable for this financial year are £3,622.30.

VAT

VAT may be applicable on this property.

Planning Use

A1/A2/B1

Price

Seeking offers in excess of £595,000 (Five Hundred and Ninety Five Thousand Pounds), subject to contract.

A purchase at this level would reflect a Net Initial Yield of 6.94%, with a reversion of 9.09% allowing for purchaser’s costs of 5.80%

  • Address: 139 North End Road
  • State/county: West London
  • Zip/Postal Code: W14 9NH
  • Country: United Kingdom

Detail

Updated on November 9, 2016 at 6:35 am

  • Price: £595,000/Sale
  • Property Size: 859 Sq Ft

Contact info

CONTACT AGENT
Jon Staniforth MRICS
020 7355 8080 07973 629175

Inquire about this property