20-24 High Street, Acton, London W3 6LJ Freehold Former Cinema For Sale

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1 Freehold Former Cinema For Sale

2 HOME SUMMARY AERIAL DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY A landmark Grade II Listed former cinema and bingo hall (D2 Use Class) extending to approximately 21,638ft 2 (GIA) over 4-storeys plus basement Occupying a prominent position on Acton High Street within short walking distance of Acton Central station and future Crossrail hub The property is let to a religious group on a lease outside the Landlord & Tenant Act, which expires in Sept Vacant possession can therefore be obtained in September 2017 Potential for a variety of alternative uses including D1, residential, hotel, office and/or retail, subject to planning permission Unconditional offers are invited in excess of 3,250,000 for the freehold interest which reflects a low capital value of 150 per ft 2. Offers will also be considered subject to planning permission

3 HOME SUMMARY AERIAL DESCRIPTION & LOCATION DEVELOPMENT TERMS ACTON MAINLINE ACTON CENTRAL THE PROPERTY

4 HOME SUMMARY AERIAL DESCRIPTION & LOCATION DEVELOPMENT TERMS DESCRIPTION The property comprises a Grade II Listed building extending to approximately 21,638ft 2 (GIA). The building is of traditional brick construction and Art Deco style, and was originally operated as a Cinema from 1937 and as a bingo hall thereafter. The building is arranged internally with the lower and upper circle levels providing seating and facing the ground floor auditorium and stage areas. There is ancillary storage and offices on each floor and customer and staff W.C s on ground floor and the lower circle level. We understand that the property has a capacity for 1,500 people and benefits from loading areas at the front and to the rear. LOCATION The property occupies a prominent position on the corner of Acton High Street and Alfred Road, within the London Borough of Ealing. The High Street is host to a variety of shops, restaurants and amenities. Acton Central Overground station is located 350 metres from the property, with the new Acton Crossrail station located 0.9 miles from the property. Current journey times include: Stratford - 48 minutes Highbury & Islington - 31 minutes Richmond - 14 minutes Acton Crossrail station is due to open in 2018 providing access into Central London in less than 10 minutes. More information can be found here.

5 HOME SUMMARY AERIAL DESCRIPTION & LOCATION DEVELOPMENT TERMS DEVELOPMENT POTENTIAL ACCOMMODATION SCHEDULE We understand that the property currently benefits from D2 use (Assembly and Leisure). The property is located within the Acton Town Centre Conservation Area and is protected as an Asset of Community Value (ACV). We understand that under the Planning (Listed Buildings and Conservation Areas) Act 1990 the property is Grade II Listed. More information on the listing can be found here. The property may benefit from potential for a variety of alternative uses including D1, residential, hotel, office and/or retail, subject to planning permission. Please contact Ealing Council on for all planning enquiries. Floor GIA ft 2 GIA m 2 Basement Ground 9, Lower Circle 5, Upper Circle 5, Third 1, Total 21,638 2,010 TENANCY The property is let on a lease outside the provisions of the Landlord & Tenant Act to Destiny Christian Centre Ministries until 28 th September 2017 at a rent of 110,000 per annum. Vacant possession can therefore be obtained in September 2017.

6 HOME SUMMARY AERIAL DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property will be sold freehold. VAT We understand the property is not elected for VAT. TERMS Unconditional offers are invited in excess of 3,250,000 for the freehold interest which reflects a low capital value of 150 per ft 2. Offers will also be considered subject to planning permission. ADDITIONAL INFORMATION Further information including approved planning documents can be downloaded from our dataroom using the password Acton. CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents: Jordan Oldfield jordan.oldfield@kingsbury-consultants.co.uk Paul Heale paul.heale@kingsbury-consultants.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: