June 2022: Tuesday 14 June 2022 - 9:00am
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    Key features

    • Entire freehold mid terrace building arranged as a shop and basement let at £11,500 per annum effective from 2009
    • Tenants holding over under original lease
    • Rent increase potential
    • Two self contained flats on first, second and third floors each sold on a lease with 61 years unexpired.
    • Potential for rear infill extension and roof development
    • Convenient central location
    • Six week completion
    • In the same family ownership for nearly 40 years

    Description

    A mid terrace building arranged as a ground floor and basement shop unit trading as PM Food & Wine off license having a rear yard area and outbuilding.

    Separate front entrance to two flats on the first, second and third floors.

    The rear yard area has potential for an infill extension whilst there is roof development potential similar to the adjoining building subject to the requisite consents.

    Additional information

    Tenure

    Freehold

    In accordance with Section 5B of the Landlord and Tenant Act 1987, notices have been served on the lessees and they have NOT reserve their rights of first refusal.


    Accommodation

    Ground Floor - Gross external width approximately 16 ft 4''

    Shop built depth approximately 56 ft

    Rear Yard with covered outbuilding of approximately 200 sq ft

    Basement - Storage area approximately 470 sq ft


    First Floor (Flat 1) - 99 years lease from 29th September 1984 (approximately 61 years unexpired). Ground Rent £100 per annum rising


    Second / Third Floors (Flat 2) - 99 years lease from 29th September 1984 (approximately 61 years unexpired). Ground Rent £100 per annum rising.


    Tenancy

    The ground floor shop and basement are let on a lease for a term of 10 years from 12th October 2005 at a rent of £11,500 per annum effective from 2009.

    Tenants holding over under original lease.

    It is felt there is rent increase potential for the shop and basement.

    We are advised the tenants have requested a new lease.


    Rent

    Total Current Rent £11,700 per annum

    Notes

    Six Week Completion

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

      Local information

      Acton is located about six miles west of central London between Shepherds Bush and Ealing.

      Situated towards the western end of Churchfield Road, a busy retail thoroughfare, near the junction of Derwentwater Road almost opposite The Oaks Shopping Centre.

      The leisure areas of Acton Park and Springfield Gardens are nearby.

      Easy access to the North Circular Road( A406) and A40 provides good road links.


      Transport

      Underground - Acton Town (District, Piccadilly Lines)

      Overground - Acton Central

      National Rail - Acton

      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.

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