Acton, London, W3 6ND
| Property Type | Investment / Residential / Retail |
| Tenure | For Sale |
| Size | 1,929 sq ft |
| Price | Offers in excess of £700,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as D (78) |
The property comprises a three-storey Edwardian mid-terrace property, arranged to provide a ground floor retail unit trading as a pizza takeaway, and two residential units let/lettable on ASTs. The property is held freehold under Title number MX 94844. The site area extends to 0.02 acres.
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Basement - Pizza restaurant | 452 | 41.99 | Let |
| Ground - Pizza restaurant | 586 | 54.44 | Let |
| 1st - First Floor 1 bed flat | 472 | 43.85 | Let |
| 2nd - Second Floor 1 bed flat | 419 | 38.93 | Available |
| Total | 1,929 | 179.21 |
The property is located on the south side of the A4020 High Street, between its junctions with Melville Villas Road and Acton Lane. High Street is the main shopping street for this area of west London, with a mixture of some national multiple retailers and many local businesses.
The property is well serviced by various transport options including 7 different bus routes in the area and Acton Central (Overground Line) 300m to the north. Acton Main Line (Elizabeth line) is 1 mile to the north. The North Circular (A406), London’s Inner Orbital road is 1.3 miles to the west. The A40 is 1 mile to the north of the subject property.
Strictly by appointment with Whitman & Co Commercial.
Offers are sought in excess of £700,000 producing an initial net yield of 6.1%, with significant reversionary potential which should take the yield to >7%. Purchasers will be required to provide identity information so Anti-Money Laundering checks can be undertaken.
The ground floor and basement premises are leased by Mr. Mohammad Muslim Mohammadyan t/a ‘Famous Pizza’ for a term of 20 years FR&I expiring 23rd October 2031, at a current passing rent of £14,000pa, subject to an outstanding review on 24th October 2021.
The 1st and 2nd floor flats are each let on Assured Shorthold Tenancies at rents of £1,100 per month and £1,300 per month respectively, producing £28,800 per annum residential income. NB. The 2nd floor tenant has recently vacated and the flat is currently vacant.
