Retail Investments for Sale

Uxbridge Road, Ealing, London, W5

£1,120,000.00 £456.58 /sf

2,453 sf

Retail Investments for Sale

Uxbridge Road, Ealing, London, W5

£1,120,000.00 £456.58 /sf

2,453 sf

Unit 1 Let to F45 Training Franchisee Unit 2 Vacant selling the 999 year Long Leasehold
Tenure - 999 Year Lease from 1st January 2012, at a peppercorn rental.
The property is sold with the benefit of a 12 month rent guarantee for Unit 1 from the vendor to ensure an investor has no issue receiving rent in light of the Coronavirus Act 2020 Part 1 Section 82.
Unit 1 - let to F45 Training franchisee, LB Fitness Ltd, on a new 15 year lease from 16th May 2018 at a rent of £58,000 per annum exclusive.
Unit 2 - vacant - estimated rental value (ERV) of £17,000 per annum exclusive (not guaranteed, and subject to a purchaser arranging the matters/works and obtaining planning permission for commercial use etc. all as noted under the heading Unit 2, below**). The vendor is prepared to pay the purchaser a rental top up capped at £17,000 per annum exclusive until the unit is let and income producing up to a maximum period of 18 months.
Offers sought in the region of £1,120,000 (One Million, One Hundred and Twenty Thousand Pounds), subject to contract and exclusive of VAT.

Unit 2 - Vacant - Currently in shell and core condition and has the following approximate dimensions: a maximum internal shop width of 22.03 ft (6.71 m); a maximum internal shop depth of 29.21 ft (8.9m); and a floor to ceiling height (slab to slab) of 15.43 ft (4.7m). There is potential for a small number of outside tables and chairs subject to obtaining consent from the freeholder.
**A purchaser will need to arrange for the following for Unit 2: the provision of independent utilities supplies e.g. electricity, gas and water direct from the utilities suppliers; the installation of a WC; the installation of a front entrance door in the glazed frontage for which planning permission has been granted, now lapsed: Planning Application No:166120FUL; obtain planning permission for commercial use (the 999 Year Lease permits any use within use classes A1, A2, A3 and D2). The unit has not been assessed for rating purposes.

Location

The property is prominently located beneath the prestigious Arc Tower on the north side of Ealingggs busy Uxbridge Road, within Ealingggs central business district. Ealing Broadway Shopping Centre is within a short walk. The surrounding area is predominantly occupied by mid-rise offices and hotels, including, Ibis Styles Hotel, Premier Inn, Travel Lodge and the new Hampton by Hilton scheduled for opening in July 2020. Further along the The Broadway towards Ealing, town centre and within easy walking distance occupiers include Caffe Nero, Franco Manca, Sports Direct, Bills Restaurant, Pizza Express, and a wide selection of retailers within the Ealing Broadway Shopping Centre and Dickens Yard including M&S, TK Maxx, Waterstones, Primark and Jigsaw.
Within easy walking distance from the property Ealing Broadway Underground (Central and District Lines) and National Rail Mainline Station provides access to Central London and to the West; and Crossraillls Elizabeth Line, scheduled for opening in 2021, will connect Ealing to the West End and Canary Wharf in 11 minutes and 25 minutes, respectively. West Ealing National Rail, Mainline Station (to be served by Crossraillls Elizabeth Line) is also within easy walking distance.
Ealing is forecast to be one of LondonCCs key growth areas with the advent of Crossraillls Elizabeth Line and key developments in Ealing include nearby Dickens Yard and Ealing Filmworks.
The London Borough of Ealing is located approximately 8 miles west of Central London, 4 miles west of Hammersmith and 8 miles north east of Heathrow International Airport. Ealing is one of West LondonCCs most desired metropolitan town centres as it boasts excellent communications. The M4, M25 and A40 (M40) motorways are within close proximity as well as the A406 (North/South Circular) which provides access north to the M1 and south towards Richmond and Chiswick.

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Uxbridge Road, Ealing, London, W5

Uxbridge Road, Ealing, London, W5

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