Property description
Substantial retail premises
232 square metres
5 garages and 2 parking spaces
2 x 2 bedroom flats
Prominent location
Lease assignment
Premium required
We are pleased to offer to the market this substantial retail site located on the busy Uxbridge Road close to Acton town centre. The unit is currently trading as a furniture warehouse but would be suitable for various retail trades.
RETAIL UNITS:
310 and 314:
Frontage 24' (7.31m) x 30' (9.14m) deep plus a further area of 24' x 10' (7.31m x 3.04m) which is used as office space.
312:
Frontage 24' (7.31m) x 30' (9.14m) deep plus a further area of 24' x 10' (7.31m x 3.04m) including toilet and kitchen area. Doors to rear yard.
Above 312 are two x 2 bedroom flats that are currently let on Assured Shorthold Tenancies at a rent of £900 p.c.m. for each flat.
To the rear of the premises are five single garages plus two parking spaces.
CURRENT LEASE:
310 and 314:
15 year lease from 2010 at £22,500 per annum. with 5 year break clause and rent review.
312 plus 2 flats:
10 year lease from 2010 at £26,400 per annum.
TOTAL RENT: £48,900 per annum
INCOME FROM FLATS: £21,600 per annum
NET RENT: £27,300 per annum
PREMIUM REQUIRED: £80,000
BUSINESS RATES: £31,000 @ 0.426 = £13,206 payable.