11 December 2024: Wednesday 11 December 2024 - 9:00am
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Floorplan
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    Key features

    • Freehold Retail, Residential and Ground Rent Investment in Highly Attractive West London Location
    • Includes a double fronted shop with an ERV of £60,000 pa (£30,000 per shop) with Vacant Possession on completion
    • 2x three bedroom flats above (one has been sold off with approx. 61 years remaining)
    • Flat let on AST believed to be underlet, with an ERV of £33,000 pa
    • Various asset management opportunities including re-letting the shop and increasing the rents on the residential parts
    • Future reversion on the flat which has been sold off
    • Total ERV at the property believed to be in excess of £90,000 pa
    • Investment let at £27,000 pa (plus recently vacant double fronted shop) - ERV in excess of £90,000 pa

    Description

    The property comprises a substantial three storey building, arranged as two shops and 2x three bedroom flats above. One of the flats has been sold off on a long lease with approximately 61 years remaining. The shop is interconnected across the two units and could easily be returned to two separate shops.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Please note the floor areas on the flat have been taken from the EPC.

    Tenancy

    Please see Tenancy & Accommodation Schedule.

    Rent

    £27,000 pa (plus recently vacant double fronted shop)

    Notes

    The shop is currently occupied but the tenant has served notice to vacate by 1st January 2025, after 19 years of occupation.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Chiswick is a high affluent and popular area within West London. The property is located on the east side of Devonshire Road, close to its junction with Chiswick High Road and prominently opposite Glebe Street. Nearby occupiers include a number of boutique cafe's, shops and restaurants.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums