INVESTMENT

FREEHOLD MIXED USE INVESTMENT FOR SALESavoy Stewart

INVESTMENTCONSIDERATIONS

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We are instructed to seek offers in excess of

£895,000(Eight Hundred and Ninety Five Thousand Pounds) Subject to contract for the freehold interest.

➢ Attractive four storey terraced building

➢ Rare opportunity to acquire a well located mixed use investment in an affluent and popular inner London suburb

➢ Freehold

➢ Ground and lower ground floor unit trading as an established local estate agent since 2012

➢ Rent Review outstanding 24th August 2019

➢ Self contained residential upper part comprising a 2 bedroom maisonette

LOCATION

Shepherds Bush is an affluent and popular inner

London suburb situated approximately 5 miles

west of Central London. The area benefits from

excellent communications being situated

between the A40 (Westway) and the A4 (Great

West Road) as well as having the Underground

services at Shepherds Bush (Central Line and

Overground) and Stamford Brook (District Line)

among others. Askew Road is an established

retail location to the west of Shepherds Bush

and north of Ravenscourt Park.

SITUATION

The property is situated on the east side of

Askew Road in a vibrant local shopping parade

with several national occupiers including

Sainsburys Local, Co-operative Food Store, Costa

Coffee, William Hill & The Post Office and an

eclectic mix of local trader’s including café’s,

dentist, butchers, funeral directors and estate

agents.

Savoy Stewart

DESCRIPTION

The property is a Victorian mid-terrace building of brick construction arranged overlower ground, ground and two upper floors.

The retail unit which is occupied as an estate agency is arranged over the groundand lower ground floors. The lower ground floor is in excellent condition split intotwo rooms currently used as storage space with a small staff kitchen to the rear.The 1st and 2nd floors comprise a valuable two-bedroom self-contained maisonettewith a separate ground floor entrance.

Externally to the rear of the building is a small rear yard accessed via the lowerground floor.

ACCOMMODATION

* These areas are for marketing purposes and are believed to be correct, however intending

purchasers may wish to verify the accuracy of the information provided.

TENANCIES

The basement and ground floor is let to Philip Wooller Limited for 10 years from24th August 2012 on IRI terms with 3 yearly reviews (outstanding rent review 24th

August 2019) and expiring on 23rd August 2022. The current rent is £15,000 perannum. The maisonette is let on 1 year AST paying £18,600 per annum expiringMarch 2020. The total current income is £33,600 per annum.

Floor SQ FT SQ M

Lower Ground Floor - Storage 237 22

Ground Floor – W/C, Retail 248 23

1st & 2nd Floor – 2 bed Maisonette 517 48

Total NIA 1002 93

Savoy Stewart

Savoy Stewart

TENURE

Freehold.

VAT

The property has not been elected for VAT.

EPC

The commercial unit has an EPC rating of E120 and the residential accommodation

has an EPC rating D59. A copy of both EPCs are available on our website.

PROPOSAL

We are instructed to seek offers in excess of:

£895,000(Eight Hundred and Ninety Five Thousand Pounds)

Subject to contract for the freehold interest.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in this transaction.

Savoy Stewart

Michael Braier

E: mb@savoystewart.co.uk

T: 020 7478 9112

Nicholas Sherling

E: ns@savoystewart.co.uk

T: 020 7478 9113

TERMS & CONDITIONS

Messrs Savoy Stewart, for themselves and for the vendors or lessors of this property for whom they act, give notice that:

I. These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract;

II. Savoy Stewart cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation, and other details contained herein, and prospective purchasers or tenants must not rely on them as statement of fact or representations, and must satisfy themselves as to their accuracy;

III. No employee of Messrs Savoy Stewart has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property;

IV. Rents, prices, premiums and service charge quoted in these particulars may be subject to VAT in addition; and

V. Messrs Savoy Stewart will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.

VIEWING & FURTHER INFORMATION

All interested parties are requested to make any appointments strictly through Savoy Stewart.