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    Key features

    • To be offered on Thursday 27 February
    • Freehold Asset Management/Development Opportunity
    • Retail Unit and 3 x Flats
    • Planning Consent for 5 x Flats and Retail Unit
    • 2,857 sq ft (265.41 sq m)
    • Asset Management Potential
    • ERV Approx. £75,000 per annum
    • GDV believed to be in the region of £2.45M
    • Offered with Full Vacant Possession

    Description

    The property comprises a freehold investment/development opportunity occupying a prime pitch in the heart of Acton.

    Arranged across basement, ground and two upper floors, the property currently comprises a ground floor retail unit with 2 x one bedroom flats to the basement and first floors with a further two bedroom flat to the second floor.

    The property benefits from full planning consent (Ref: 244152FUL) for addition of a mansard third floor and rear extension, with additional internal works, to provide a ground floor retail unit with 5 x one bedroom flats.

    The property may also be suitable for asset management via letting in its present state. We anticipate the Estimated Rental Value (ERV) for the property if fully let currently would be in the order of £75,000 per annum.

    The property occupies a prime pitch with a frontage to Churchfield Road, the principal pedestrian thoroughfare between the established residential areas of Acton and Acton Central Station. The street is characterised by a mix of retail and residential uses and includes a number of boutique and national retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC 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. 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.


    Ground/Part Basement - 102.14 sq m (1,099 sq ft)

    Basement - Residential - 46.00 sq m (495 sq ft) *

    First/Second - 116.00 sq m (1,249 sq ft)


    *measurements taken from the EPC

    Tenancy

    Vacant Possession.

    Planning

    Planning Consent Ref: 244152FUL. The property is currently undergoing a strip out.

    Notes

    Joint Agent



    Daniel Reuben

    07973 629355

    daniel@ldninvestments.com

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      Local information

      Acton Central Station - 0.1 miles

      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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