This property is no longer on the market
Restaurant
Property description & features
Overall an excellent opportunity for an investor looking seeking a fully let commercial unit with 3 flats above rented on AST, 2 flats are sold off on long leases.
Location: Located in Acton Central on the main part of High Street. Neighbours in the adjacent shopping centre include Lidl, Wilko, Superdrug and Iceland. Neighbouring food operators include McDonalds and KFC. A diverse mix of local and multiple retail and restaurant operators. The Town has a good selection of shops, bars and restaurants to cater for a rapidly growing resident catchment. Recently completed major residential developments have delivered over 2,500 new homes and further development projects are underway/proposed.
Acton benefits from excellent road and rail connections with both Underground and Overground services. Acton Mainline station has recently undergone major upgrade works for the Elizabeth Line services which opened on May 2022. Four Elizabeth line services an hour in each direction will serve Acton Main Line, making it quicker and easier to get to destinations across London (with Bond Street station only 9 minutes journey time), South Buckinghamshire and Berkshire.
Commercial: approx. 1260 sqft E Class Restaurant premises on the ground floor let to Tasty Greek Souvlaki. Rent of £55,000 pa on FRI with 19 years remaining
Rates: The rateable value with Ealing Council = £25,750.
Residential:
Flat 1 - one bed flat AST at £1200 pcm (£14,400 pa) expiring on June 2023
Flat 2 - two bed flat AST at £1350 pcm (£16,200 pa) expiring on Dec 2022
Flat 3 - one bed flat AST at £1300 pcm (£16,200 pa) expiring on Sept 2023
Flats 4 and 5 are sold on long leases, 120 years left. Service charge and ground rent approx. £1500 per year
Rental income per year: £101,200
Viewing: Strictly by appointment only with Sole Agents Citydeal Estates[use Contact Agent Button].
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on January 27, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 15, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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