Commercial property for sale in Askew Road, London W12
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Property features
- A freehold unbroken mixed use terraced building
- Ground floor retail unit trading as a convenience store
- Three self-contained flats above (two x one beds and one x two bed)
- Shop subject a lease expiring 2038 on fr&I terms and with five yearly rent reviews
- Flats subject to tenancies/licences
- Currently producing £72,000 (equivalent) per annum in total
- Bidders will be required to pay a bidder security of £10,000 in order to take part in the sale. This can be by pre-authorisation on a credit card
Property description
Strapline
Auction Sale - 23/07/2024
Of interest to investors - A freehold unbroken building comprising a ground floor shop with three self-contained flats above. Shop unit subject to a lease. Each flat subject to a tenancy or licence. Producing £72,000 per annum (equivalent)
Description
The property comprises a mid parade building arranged on ground and three upper floors (the top floor is an extension). The ground floor unit trades as a convenience store serving the surrounding popular and affluent residential area. Above are three self contained flats with separate street access. There are two one bedroom flats and one two bedroom flat.
Location
The building occupies a prominent junction position on the east side of Askew Road and south of Becklow Road. It forms part of a busy local parade in this popular west London area.
Transport
The property is well-served by public transport, with several bus routes running along Askew Road, providing easy connections to key areas including Hammersmith, Shepherd’s Bush, and Acton. The nearest Underground stations are Goldhawk Road (Hammersmith & City Line) and Shepherd's Bush (Central Line), both approximately a 15 minute walk away. Askew Road connects directly to Uxbridge Road (A4020), offering straightforward access to the A40 and the Westway, facilitating quick travel into Central London and towards the M25.
Accommodation
Please refer to the schedule of tenancies
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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