Auction House London

Lot 28

Mixed Use - Commercial Property 

69 Askew Road

Shepherds Bush, London, W12 9AH

£950,000+

Guide Price (plus fees)

A Commercial and Residential Investment Comprising a Shop and Three Self-Contained Flats (2 x One Beds, 1 x Two Bed). Fully Let Producing £51,690 Per Annum.

Description

The property comprises a mid terrace building arranged to provide a ground floor shop and three self contained flats on the four upper floors (2 x one bedroom flats and 1 x two bedroom flat).

Tenure

Freehold

Location

The property is situated in the West London area of Shepherds Bush among the local shops and amenities of Askew Road. The open spaces of Wendell Park are within close proximity. Transport links are provided by Goldhawk Road underground station (Circle and Hammersmith & City Lines) and Shepherd's Bush underground (Central Line), overground and rail station.

Current Rent Reserved

Current Rent Reserved £51,690 Per Annum

Note

We have been advised that there is an asset management opportunity to bring the commercial rent up to market value upon the expiry of the existing lease.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Ground Retail Area and WC Let on a 10 year lease commencing 10th December 2012 £8,850 per annum
Flat A Ground & First Reception Room/Kitchen, Bedroom, Bathroom Let on an AST expiring 19.02.22 at a rent of £1,070 pcm £12,840 per annum
Flat B Second & Third Reception Room/Kitchen, Two Bedrooms, Bathroom Let on an AST expiring 28.11.18 (holding over) at a rent of £1,300 pcm £15,600 per annum
Flat C Fourth Floor Reception Room/Kitchen, Bedroom, Bathroom Let on an AST expiring 08.10.21 at a rent of £1,200 pcm £14,400 per annum

Joint Agent

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Download Legal PackView Details as PDFEnquire NowFinance AvailableRegister to Bid
Viewing Schedule (Booking Required)

Tuesday 27th July10:00 - 11:00

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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