267 High Street, Acton W3

A high yielding freehold mixed-use investment opportunity to acquire a lower ground/ ground floor shop let on a 15 year lease together with three 1 - bedroom apartments.

The property is located on the affluent High Street of Acton and occupies a corner plot at the junction of High Street and Woodland Avenue. The property benefits from excellent transport links with Ealing Common and Acton Town (Elizabeth Line) both being approximately a 10 minutes walk from the property.

The current property consists of a shop located on the lower ground and ground floors, with a total area of approximately 1,081 sq ft GIA, along with three 1-bedroom apartments above, totaling approximately 1,575 sq ft NSA.

The shop is let on a 15 year lease commencing August 2020 (approximately 9 years unexpired) at a passing rent of £22,660pa.

• We are advised that the lease provides 5 yearly rent reviews.

• There are no break clauses within the lease.

Two of the apartments are rented under Assured Periodic Tenancies, while one is currently vacant and available for rent at £1,750 per month. The two rented apartments generate a total annual income of £42,000. If all apartments are fully rented, we estimate the potential annual income to be £63,000.

The property forms part of Kings Parade 241 - 267 which is Grade II listed. 

Official list entry - https://historicengland.org.uk/listing/the-list/list-entry/1079331?section=official-list-entry

All prices quoted are exclusive of VAT and where applicable VAT will be applied at the going rate.

Asking Price: £1,150,000