176 King Street

London, W6 0RA

176 King Street, London, Retail For Sale - F31D51B28C234D5488FEDCF6046C8EB2.jpeg
176 King Street, London, Retail For Sale - B61277CC0DA247DCAA4A6198B311FAFD.jpeg
176 King Street, London, Retail For Sale - 741152440E1B45F09DE2D47420FA8258.jpeg
176 King Street, London, Retail For Sale - B92096C6EF794008A69A42F9A2018E45.jpeg
176 King Street, London, Retail For Sale - 0F6BD7E72EE742B28E1F2FF278CF5282.jpeg
176 King Street, London, Retail For Sale - F31D51B28C234D5488FEDCF6046C8EB2.jpeg
176 King Street, London, Retail For Sale - B61277CC0DA247DCAA4A6198B311FAFD.jpeg
176 King Street, London, Retail For Sale - 741152440E1B45F09DE2D47420FA8258.jpeg
176 King Street, London, Retail For Sale - B92096C6EF794008A69A42F9A2018E45.jpeg
176 King Street, London, Retail For Sale - 0F6BD7E72EE742B28E1F2FF278CF5282.jpeg
Property Type Retail
Tenure For Sale
Size 704 sq ft
Price Offers in excess of £445,000
Energy Performance Rating This property has been graded as C (56)

Retail investment for sale

Let until 2031 with rent review in 2026

Key Points

  • Well-let retail unit in popular parade
  • Succesful Mooboo Bubble Tea franchisee (business not affected)
  • Flats above sold off on long leases
  • Virtual freehold (974 years) at peppercorn rent
  • Freehold also available (subject to tenant's pre-emption rights)
  • Offers over £445,000

Description

The property is arranged over ground and lower ground floors, with the sales area being fitted to a high standard by the tenant, a franchisee of Mooboo Bubble Tea.

The rear area is used as an office and for stock and preparation. The basement benefits from good natural light from the courtyard at the rear and provides additional staff, office or storage space, together with WCs.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground - Ground Floor 513 47.66
Lower Ground - Basement 131 12.17
Lower Ground - Courtyard 60 5.57
Total 704 65.40

Location

The property is located in a popular parade on the north side of King Street, close to its junction with Dalling Road & Studland Street, in close proximity to the major new redevelopment of Hammersmith Town Hall, incorporating offices, retail, residential flats and a new cinema.

Viewings

Strictly by appointment with Whitman & Co Commercial

Terms

The commercial unit is occupied on an FR&I basis by Uckermann & Nagy Limited, a franchisee of Mooboo Bubble Tea, on a lease of 10 years from 20th April 2021 at a current passing rent of £28,000pa, subject to review on 20th April 2026. The tenant contributes to the landlord’s costs of insuring and keeping the building in repair.

Offers are sought in excess of £445,000, providing a net initial yield of 6%.

Purchasers will be required to provide identity information so Anti-Money Laundering checks can be undertaken before an offer can be accepted on any property that we are marketing.