Property for sale
Property description & features
- Tenure: Leasehold (998 years remaining)
- A Virtual Freehold retail investment
- Leasehold - Held for a term of 999 year from 24 April 2023
- Currently producing £30,000pa
- To be offered by Knight Frank Auctions on 2nd May
Description
The property comprises a ground floor retail unit with basement retail space forming part of a mid terrace building which is itself arranged over basement, ground and two upper floors. The retail unit forms part of an established parade.
Tenure
Leasehold. Held for a term of 999 year from 24 April 2023 (thus having approximately 998 years unexpired) at a peppercorn ground rent.
Accommodation
Ground Floor Retail
431 sq.ft (40 sq.m)
Part Basement
312 sq.ft (29 sq.m)
TOTAL 743 sq.ft (69 sq.m)
The nail salon is arranged as retail space on the ground floor, with a further treatment room, W/C and staff room to the basement floor.
Tenancy
The property is currently let to The Nailist Limited on a 15-year lease from 24 November 2023 (approximately 14.5 years unexpired) at a passing rent of £30,000 per annum with 5-yearly rent reviews. There is a Tenant only break on 24 November 2028 & 2033. The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954 (please see legal pack)
VAT
VAT is not applicable to this property.
EPC
The property has an EPC rating of B.
Nearby Occupiers
Include a number of hotels, Sainsbury's Local, William Hill together with a number of local traders.
The property is located approx. 600 metres from Goldhawk, Shepherds Bush Market & Shepherds Bush tube stations along with the Westfield shopping centre.
Location
The property is located towards the northern end of the bustling Shepherd's Bush Road, and is a short walk away from Goldhawk Road, Shepherd's Bush and Shepherd's Bush Market stations, providing convenient transport links via underground and overground rail to the rest of London.
The immediate location is a mix of residential and retail, with both the Shepherd's Bush O2 Stadium and Westfield Shopping Centre situated just a few minutes' walk away from the property, making the road a major thoroughfare for millions of visitors every year.
Occupancy
Tenanted
Tenure
Leasehold
Buyers Fee
The buyers fee is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Places of interest
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Property reference 243758. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank - Auctions.
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Broadband availability and predicted speed
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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
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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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