Well maintained Mixed Use investment opportunity situated on Acton High Street.
The commercial space spans approximately 775 sq ft and is leased to a reputable local barber, ensuring a steady annual rental income under a FRI lease for 15 years starting from 2020, with rent reviews every 5 years.
Additionally, there's a spacious two double bedroom flat above, featuring a separate entrance and outdoor space, currently leased on an AST at a monthly rent of £1,XXXcm.
The net yearly income stands at £36,000 per annum, with potential for growth in 2025.
Location
The property is conveniently located on Acton High Street, surrounded by shops, cafes, and public transport options. It's close to The New Oaks Shopping Centre, a local Cinema, and the Everyone Active facility offering gym and swimming pool access. Acton Town Tube Station (District Line and Piccadilly Line) is a 15-minute walk to the southwest, while Acton Central (London Overground) is just a 5-minute walk to the northeast.
Acton Main Line Station (Elisabeth Line) is approximately a 15-minute walk to the north. The area is well-served by local bus services and enjoys excellent connectivity between Shepherd's Bush and Ealing, making it a location with high pedestrian traffic.
Accommodation
Size: Commercial Space Approx. 775 sq ft
Residential: The 2 bedroom property offers a modern fitted open-plan kitchen, featuring a bright and airy south-facing lounge, a large modern bathroom with a shower, two double bedrooms and outdoor patio. It is neutrally decorated throughout and boasts a good standard of fixtures and fittings throughout the flat.
Terms
Price: £650,000
Rates: The rateable value = £14,250; payable, BEFORE any reliefs or discounts.
Interested parties must verify these figures with London Borough of Ealing. The property qualifies for small business relief.
Legal costs: Each party to be responsible for their own legal costs incurred in the transaction.