FREEHOLD investment opportunity in the heart of Acton High Street offering strong returns, excellent footfall and easy access to public transport. With an annual rental income of £115,000 pa. and an approximate yield of 8%, this is a prime location with outstanding investment potential. An excellent opportunity for an investor looking for a fully occupied mixed used freehold building.
Location
Situated in Acton Central on the main part of High Street. Neighbours in the adjacent shopping centre include Lidl, Superdrug and Iceland. Neighbouring food operators include McDonalds and KFC. A diverse mix of local and multiple retail and restaurant operators. The Town has a good selection of shops, bars and restaurants to cater for a rapidly growing resident catchment. Recently completed major residential developments have delivered over 2,500 new homes and further development projects are underway/proposed.
Acton benefits from excellent road and rail connections with both Underground and Overground services. Acton Mainline station has recently undergone major upgrade works for the Elizabeth Line services: 4 x Elizabeth Line routes an hour in each direction will serve Acton Main Line, making it quicker and easier to get to destinations across London (with Bond Street station only 9 minutes journey time), South Buckinghamshire and Berkshire.
Accommodation
COMMERCIAL:
Ground Floor Tenant: Restaurant
Area: 118 sq m (1,270 sq ft)
Lease: 20 years from 28.02.2022
Rent: £55,000 pa.
RESIDENTIAL:
Flat 1: One bedroom, kitchen/living room, bathroom/WC. Tenancy: AST. Rent: £19,800 pa. (£1,650 pcm).
Flat 2: Two bedrooms, kitchen/living room, bathroom/WC. Tenancy: AST. Rent: £19,800 pa. (£1,650 pcm).
Flat 3: One bedroom, kitchen/living room, bathroom/WC. Tenancy: AST. Rent: £19,800 pa. (£1,650 pcm).
Flat 4: Sold. Terms: Lease for 150 years from 05.10.2007. Ground Rent: £300 pa.
Flat 5: Sold. Terms: Lease for 150 years from 05.10.2007. Ground Rent: £300 pa.
Total Rent: £115,000 pa.
Terms
Tenure - Freehold
Price - £1,400,000
Specification
- Excellent location
- FREEHOLD investment opportunit
- Mix-Use Property
- Approx. 8% return
- Total Rental Income £115,000 per annum