178 King Street, London, W6 0RA
£793.65 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
756 sq ft
70 sq m
- SECTOR
Industrial development for sale
Key features
- 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
Description
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
Brochures
178 King Street, London, W6 0RA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ravenscourt Park Station0.1 miles
- Hammersmith (District & Piccadilly) Station0.4 miles
- Stamford Brook Station0.5 miles
About Stirling Ackroyd, Commercial
40 Great Eastern Street, London, EC2A 3EP
Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment. Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all
Notes
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