No longer on the market
This property is no longer on the market
Floorplans (
MapMixed use
Mixed use
5907
Features and description
- Income producing freehold mixed-use investment
- 4 commercial units (fully let)
- 10 flats fully let on ASTs
- Ground rent income from 6 flats sold off on 125-year leases
- Total income received is £212,660 per annum
Location:
The premises are located on the northern side of Churchfield Road near its junction with Newburgh Road. It is well served by transport links including Acton Central (Overground) Station (0.3 miles) and Acton Town Station (District and Piccadilly Lines) (0.7 miles). Acton High Street and The Oaks Shopping Mall are within the locality where a wealth of national and local operators trade from, including Lidl, Wilko, Poundland, Barclays Bank, The Gym Group and Boots.
Description:
The subject properties are part of a mixed-use terraced building of traditional brick elevations. The ground floor and basement comprise retail accommodation which are currently fully let to retailers including a nail bar, café, Lebanese restaurant, and a beauty salon. The residential parts are self-contained and comprise part of the rear ground floor, and the first second and third floors. Of the 16 flats, 10 are fully let on ASTs and 6 have been sold off on 125-year leases which produce an income of £500 per annum from the ground rents.
User:
We believe the premises fall under Class E & C3 Dwelling houses of The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
Accommodation & Tenancy Schedule:
The property offers the following (NIA) approximate dimensions: -
Commercial Floor Areas:
PropertyFloor Area90 Churchfield Road445 sq. ft. (41.31 sq. m.)92 Churchfield Road454 sq. ft. (42.20 sq. m.)94 Churchfield Road897 sq. ft. (83.30 sq. m.)96 Churchfield Road429 sq. ft. (39.89 sq. m.)Total Area: 2,225 sq. ft. (206.70 sq. ft.)
Commercial Tenancies:
PropertyTermTotal rent P/A90 Churchfield Road8-year FRI from 18.07.18£14,50092 Churchfield Road8-year FRI from 30.04.14£12,50094 Churchfield Road5 Year FRI from 21.09.20£17,00096 Churchfield Road8 Year FRI from 01.02.23£14,000Total Income Per Annum £58,000Residential Tenancies:
Building Property TermTotal rent P/A90 Churchfield RoadFlat 1AST£20,020
Flat 2AST£13,200
Flat 3AST£15,600
The premises are located on the northern side of Churchfield Road near its junction with Newburgh Road. It is well served by transport links including Acton Central (Overground) Station (0.3 miles) and Acton Town Station (District and Piccadilly Lines) (0.7 miles). Acton High Street and The Oaks Shopping Mall are within the locality where a wealth of national and local operators trade from, including Lidl, Wilko, Poundland, Barclays Bank, The Gym Group and Boots.
Description:
The subject properties are part of a mixed-use terraced building of traditional brick elevations. The ground floor and basement comprise retail accommodation which are currently fully let to retailers including a nail bar, café, Lebanese restaurant, and a beauty salon. The residential parts are self-contained and comprise part of the rear ground floor, and the first second and third floors. Of the 16 flats, 10 are fully let on ASTs and 6 have been sold off on 125-year leases which produce an income of £500 per annum from the ground rents.
User:
We believe the premises fall under Class E & C3 Dwelling houses of The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
Accommodation & Tenancy Schedule:
The property offers the following (NIA) approximate dimensions: -
Commercial Floor Areas:
PropertyFloor Area90 Churchfield Road445 sq. ft. (41.31 sq. m.)92 Churchfield Road454 sq. ft. (42.20 sq. m.)94 Churchfield Road897 sq. ft. (83.30 sq. m.)96 Churchfield Road429 sq. ft. (39.89 sq. m.)Total Area: 2,225 sq. ft. (206.70 sq. ft.)
Commercial Tenancies:
PropertyTermTotal rent P/A90 Churchfield Road8-year FRI from 18.07.18£14,50092 Churchfield Road8-year FRI from 30.04.14£12,50094 Churchfield Road5 Year FRI from 21.09.20£17,00096 Churchfield Road8 Year FRI from 01.02.23£14,000Total Income Per Annum £58,000Residential Tenancies:
Building Property TermTotal rent P/A90 Churchfield RoadFlat 1AST£20,020
Flat 2AST£13,200
Flat 3AST£15,600
Property information from this agent
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