PRIME RETAIL PARADE WITH PLANNING CONSENT BROADWAY WEST EALING LONDON W13 0SY

Transcription

1 PRIME RETAIL PARADE WITH PLANNING CONSENT BROADWAY WEST EALING LONDON W13 0SY

2 LOCATION The property is situated in a prime retailing location on the northern side of the. Occupiers in the immediate vicinity include Lidl, Greggs, Superdrug, Wilkinson s and Sainsbury s. West Ealing is an important west London suburb and a busy metropolitan retail centre. It is located 8 miles west of central London, 4 miles from Hammersmith and 6 miles from Kensington. West Ealing has excellent road communications with Western Avenue (A40) to the north providing access to central and west London. The A40 feeds into the M40 which provides access to the M25 and the national motorway network. In addition, the A406 (North Circular) provides access to Junction 1 of the M1 to the north and Richmond and Chiswick to the south. West Ealing and Hanwell rail stations provide overground rail services to London Paddington with an approximate journey time of 15 minutes. Ealing Station is located a mile from the subject property offering both Central and District Underground line services to Central London. These stations will also benefit from Crossrail as they are set to become stops on the highly anticipated Elizabeth Line expected in 2019.

3 DESCRIPTION Part of a busy retailing parade forming the freehold of five ground floor retail units, with ancillary upper parts. The upper parts located above no. 76 have been sold off on long leasehold interests and do not form part of this sale. Three of the units are let in their entirety over ground and first floors and one is currently vacant. PLANNING Address Application Number Details Decision Date Decision The property benefits from planning consent to develop the upper parts of no s 72 & 72A to comprise 8 x 1-bedroom flats. An application has also been submitted to develop the upper parts of no s 74 & 74a to also comprise 8 x 1-bedroom flats. 72 And 72A West Ealing London W13 0SY FUL Construction of a first-floor level rear extension and addition of a second-floor level to the building; change of use of first floor level office space to residential to accommodate eight self-contained residential units (8x1 bed) including the alteration of the ground floor level shopfront to provide for a residential entrance to the upper levels of the building and associated cycle and refuse storage 10 Feb Grant with Conditions 74 And 74A West Ealing London W13 0SY Submitted 18 th January 2018 Planning application to be submitted to convert upper parts into 8 x 1 bed flats - Application Pending The above table is provided for indicative purposes only and prospective purchasers should make their own enquiries directly to the local authority.

4 ACCOMMODATION & TENANCY SCHEDULE Address Tenant Approximate Size 72 The 72A The 74 The 74a The Ground Floor 76 The (Ground Floor only) Flat 1, 76A The Flat 2, 76A The Flat 3, 76A The Shoe Zone Ltd Vacant The Carphone Warehouse Ltd Sportswift Ltd Kastein Coffee UK Ltd t/a Starbucks Ground Floor: Sq M / 1,561 Sq Ft First Floor: Sq M / 800 Sq Ft Ground Floor: Sq M / 1,603 Sq Ft First Floor: Sq M / 774 Sq Ft Ground Floor: Sq M / 1,712 Sq Ft First Floor: Sq M / 977 Sq Ft Ground Floor: Sq M / 1,524 Sq Ft First Floor: Sq M / 865 Sq Ft Ground Floor: Sq M / 1,559 Sq Ft First Floor: Not Included within sale Lease Start 25/06/ 2010 Lease End 24/06/ 2020 Rent per annum Break 32,500 - Rent Review 24/06/ 2015 Inside L&T /03/ /03/ /05/ 24/03/ /03/ /05/ ,000-37,000-35,000 22/05/ /05/ /03/ /03/ 139,500 TBC Inside Inside Comments Planning consent granted to convert upper parts including additional new build storey into 4 x 1 bed flats Planning consent granted to convert upper parts including additional new build storey into 4 x 1 bed flats Planning application to be submitted to convert upper parts including additional new build storey into 4 x 1 bed flats Planning application to be submitted to convert upper parts including additional new build storey into 4 x 1 bed flats - Inside Ground floor only Flats excluded from sale/retained on 999-year lease The above table is provided for indicative purposes only and prospective purchasers should verify all information themselves. Alexander Lawson Surveyors have not measured the property.

5 EPC Available upon request. TENURE Freehold VAT The property is elected for VAT LEGAL Each party to be responsible for their own legal costs. DATA ROOM Access to be provided upon registration of interest PRICE Offers in excess of 4,500,000 Subject to Contract DEVELOPMENT AND INVESTMENT CONSIDERATIONS Let to National Covenants Prime retail pitch Excellent Rental Growth prospects Potential to Develop in line with approved and proposed schemes Rear yard providing approx. 26 x Car Parking spaces Crossrail/Elizabeth Line anticipated 2019 VIEWINGS & FURTHER INFORMATION Via Sole Agents Alexander Lawson Surveyors Luke Theodosiou Savvas Socratous luke@alexanderlawson.com savvas@alexanderlawson.com 17 Hanover Square, London W1S 1BN Alexander Lawson Surveyors (ALS) for themselves and for the vendors/lessors of this property, whose agents they are, give notice that: (1) These particulars are set out as a general guideline only for the guidance of prospective purchasers/lessees and do not constitute the whole, nor any part, of an offer or contract. (2) No person employed by ALS has any authority to enter into any contract, nor make or give any warranty or representation whatsoever in relation to this property. The terms quoted, and all subsequent negotiations are subject to contract. (3) All descriptions, dimensions, references to condition, necessary permissions for use and occupation, and any other details, are given in good faith and are believed to be correct at the time of compilation, but any intending purchasers/lessees should not rely on them as statements or representations of fact and must satisfy themselves as to their accuracy. (4) Any comment on council tax/rateable value/rates payable, and permitted planning use, is given in good faith from information informally supplied to us. Intending purchasers must seek confirmation direct from the relevant Local Authority. (5) All plant, machinery, equipment, services and fixtures & fittings referred to were present at the date of first inspection but have not been tested and ALS give no warranty or representation as to their condition, operation or fitness for the intended purpose. (6) ALS do not hold themselves responsible, in negligence or otherwise, for any loss arising from the use of those particulars, nor for any expense incurred in viewing the premises or for abortive journeys. (7) All prices/rents are exclusive of VAT (unless otherwise stated) and interested parties should take independent advice as to the VAT and general taxation implications of proceeding. February 2018.