Available
London W3 – Medical Premises & Ground Rent
161-167 High Street, Acton, London W3 6LPFreehold Medical Premises (Class E) & Ground Rent Investment
Price
£780,000
Rent P.A.
£3,000
Yield
ERV: £73,000
Tenure
Freehold
Area
1,614 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Vacant possession
- ERV: £73,000 p.a. GIY: 9.36%
- Comprises high-end dental/medical premises arranged over ground floor and basement
- Newly refurbished to a high standard and ready for occupation. Suitable for variety of uses (Class E)
- Includes 12 residential flats at rear and above, which have been sold-off on long leaseholds
- Situated within short walk from Acton Central Overground Station, with occupiers nearby including Costa Coffee, Acton Leisure Centre, KFC, McDonalds and Subway, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises double fronted medical premises arranged over ground floor and basement, suitable for variety of commercial uses, The property includes 12 residential apartments at rear and above, which have been sold-off on long leaseholds, providing the following accommodation and dimensions:
Commercial: 150 sq m (1,614 sq ft)
Ground Floor: 115 sq m (1,237 sq ft)
Reception, lounge area, 3 medical rooms with fitted kitchenettes and water supply, staff kitchen, office, store, 2 WCs, garden
Basement: 35 sq m (377 sq ft)
2 medical rooms
Residential: 12 Apartments (sold-off)
Commercial: 150 sq m (1,614 sq ft)
Ground Floor: 115 sq m (1,237 sq ft)
Reception, lounge area, 3 medical rooms with fitted kitchenettes and water supply, staff kitchen, office, store, 2 WCs, garden
Basement: 35 sq m (377 sq ft)
2 medical rooms
Residential: 12 Apartments (sold-off)
Tenancy Description
The retail premises are at present vacant. ERV: £70,000 p.a.
Flats 1-6 (High Street) have been sold-off for a term of 125 Years from 29th June 2001 at a ground rent of £1,500 p.a.
Flats 1-6 (Hanna House) have been sold-off for a term of 125 Years from 5th May 2022 at a ground rent of £1,500 p.a.
Flats 1-6 (High Street) have been sold-off for a term of 125 Years from 29th June 2001 at a ground rent of £1,500 p.a.
Flats 1-6 (Hanna House) have been sold-off for a term of 125 Years from 5th May 2022 at a ground rent of £1,500 p.a.
Tenancies & Accommodation
Location Description
Acton is a popular West London suburb located between Chiswick and Ealing, 6 miles west of Central London. The A406 North Circular is located immediately to the West with the M4 to the South and The A40 to the North both of which provide access to Central London and the M25. Acton Central Station (overground) provides a regular service to London Paddington (35 minutes). The property is situated on the south side of High Street at its junction with Church Road & Market Place. Occupiers close by include McDonald's, KFC, Subway, Costa and Boots Pharmacy as well as a number of local occupiers
