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    Key features

    • To be offered on Wednesday 22 April
    • Freehold Betting Office/Shop Investment with three flats above which have been sold off on long leases, one of which expires in 2086
    • Betting Office Let to Power Leisure Bookmakers Limited (t/a Paddy Power) until 2035 (1)
    • Potential to extend the lease of Flat 3 (2)
    • Located in the heart of Hammersmith
    • Approximately 0.3 miles from both Hammersmith and Ravenscourt Park Underground Stations
    • Well located close to Marks and Spencer and Starbucks
    • Six Week Completion Available
    • VAT is not applicable
    • Investment let at £66,700 p.a. (7.62% GIY on guide)

    Description

    The property is arranged over basement, ground and three upper floors to comprise a ground floor Betting Office with ancillary accomodation in the basement.

    There are three self-contained flats above, accessed from a separate entrance to the side of the building, which have been sold off on long leases, one of which expires in 2086

    Additional information

    Tenure

    Freehold

    Accommodation

    Please see the below Schedule of Accommodation and Tenancies

    Tenancy

    Please see the below Schedule of Accommodation and Tenancies

    Notes

    Joint Auctioneer

    Shaun Wolfe

    Frost Meadowcroft

    Tel: 020 7848 1200

    swolfe@frostmeadowcroft.com



    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special

    Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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

      The London Borough of Hammersmith & Fulham is an affluent borough situated between Kensington and Chiswick.

      The property is situated fronting King Street, the retail thoroughfare of Hammersmith, between Dimes Place and Argyle Place. Hammersmith Broadway is approximately 1/4 of a mile to the east at the end of King Street.

      Nearby occupiers include Argos, Flight Centre, Pizza Hut, Moss Bross, Maplin’s Electronics, Marks &Spencer, Starbucks and Halifax.

      Transport

      Approximately 0.3 miles from both Hammersmith (Piccadily, District, Hammersmith & City and Circle Lines) and Ravenscourt Park (District Line) Underground Stations

      The area is well connected, with the A4 Great West Road running through the area East to West, while the A406, A40, A3220 & M4 (junction 1) are all easily accessible

      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