Industrial development for sale
Property description & features
- Tenure: Freehold
- Central Retail location in Hammersmith
- Close to a range of national retailers
- Current Commercial Income £44,035 per annum
- Sale Price of £600,000 - representing a gross yield of 7.3 per cent before costs
- Rare Retail Freehold Investment Opportunity in prominent Hammersmith location
This is an excellent opportunity to secure a commercial/retail freehold investment.
The freehold benefits from a commercial tenancy on the ground floor and ground rents from 2 upper floor flats which have been sold off on long leases (details below).
The sale at £600,000 represents a gross yield of 7.33% based upon the current comemrcial tenancy.
Commercial Ground floor details - 756 sq ft occupied by Portico Estate Agents (Portico Property Ltd – D&B Rating N2)
Commercial Lease terms - 15 year lease from 11 October 2017 with no breaks (lease expires October 2032) with a current annual rent of £44,035 per annum.
Upper floor flats - 2 flats sold off on long leasehold basis. Residential Lease terms & Ground Rents : 99 years from Oct 1993 and 99 years from Aug 93. Both pay ground rents of £50 each for the first 33 years, £100 for the next 33 years and £150 per year for the remainder of the 99 year lease terms.
Location
Local Authority- London Borough of Hammersmith and Fulham.
King Street links Hammersmith Broadway to the east with Chiswick High Road to the West
Property information from this agent
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