Retail premises for sale in North End Road, London W14

Location:
The property is situated just south of the A4, Cromwell Road midway between Hammersmith and Earls Court, approximately five miles West of Central London. The A4 is one of the main arterial routes connecting Central London to the M4, Heathrow Airport, and the M25. The surrounding area is largely residential with North End Road itself comprising an extended retail parade with residential upper parts. Local business include Tesco Express, Little Waitrose, Costa, William Hill, and other local traders. This pitch of North End Road is well served by public transport lying within close proximity to West Kensington underground station and close to Barons Court, West Brompton, and Olympia underground stations.

Description:
This block comprises a single retail unit at ground floor with offices and flats above. The retail unit has an extensive return frontage alongside Beaumont Avenue. The retail unit has the main entrance off North End Road and the secondary entrance off Beaumont Avenue. To the rear of the shop unit close to its secondary entrance is a staircase that provides access to the basement. The ground floor is open plan and is used as an estate agency whilst the basement is used for staff meeting rooms, break out areas, with kitchen and W/C. The two upper floors were originally laid out as four two bed apartments although Flat 2 has for many years been leased and occupied as a suite of offices. The property is constructed of concrete frame with brick infill and a flat roof. The property is extensively double glazed with uPVC windows throughout

User:
We believe the premises fall under Class E and C3 use of The Town &Country Planning (Use Classes) (Amendment) (England) Regulations.

Tenure:
Freehold subject to the existing leases and tenancies.

Terms:
Offers are invited in excess of £700,000 subject to the existing tenancies. A purchase at this level will provide a niy of 7.22% after allowing for purchasers standard costs of 5.00%. At lease renewal we are of the opinion that the reversionary yield would be 8.01%.

VAT:
Is not applicable.

Local Authority:
London Borough of Hammersmith & Fulham.

Legal:
Each party to bear its own legal costs.

Aml:
In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken.

Tenancy & Accommodation Schedule:
Location
Sq MSq Ft.EPC Rating

Ground Floor
1741,871CBasement
83.6900Retail Total
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