Retail premises for sale in King Street, London W6

Key Points

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.

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.