178 King Street
London, W6 0RAThe Space
Freehold retail investment opportunity
At a glance
| Property Type | Investments / Offices / Retail |
| Tenure | For Sale |
| Size | 756 sq ft |
| Price | £600,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as B (43) |
Kensington (Olympia)
21 mins
Shepherd's Bush
22 mins
South Acton
31 mins
Acton Central
32 mins
Ravenscourt Park
2 mins
Hammersmith (Met.)
8 mins
Stamford Brook
9 mins
Hammersmith (District)
10 mins
Key Points
- Total area of ground floor commercial unit - 756 square feet
- Central retail location in Hammersmith
- Sale price of £600,000 - representing a gross yield of 7.33% before costs
- Close to a range of national retailers
- Current commercial income £44,035 per annum
- 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 two 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 commercial tenancy.
Commercial ground floor details - 756 square feet 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 - Two flats sold off on long leasehold basis. Residential Lease terms and ground rents are: 99 years from August 1993 and 99 years from October 1993. 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.
The Location
Local Authority- London Borough of Hammersmith and Fulham.
King Street links Hammersmith Broadway to the east with Chiswick High Road to the west.
