• Mixed-use investment - Fully let producing £83,560 per annum

• One retail unit and two self-contained 2 bedroom flats

• Potential to add a floor (subject to obtaining requisite consents)

• Well located with excellent transport links and ample amenities

• To be sold via Knight Frank Auctions on Thursday 1st May (will not be sold prior)

Property Description

On the instructions of Joint Receivers.

The subject property comprises of a three-storey mid terrace mixed use building, arranged to provide ground floor retail unit with basement, trading as a Dry Cleaners, and two self-contained 2 bedroom flats above, with access from the front of the building, via a separate entrance door.

Accommodation & Tenancies:

Ground floor & Basement: Retail & Storage (Open plan retail, storage, staff w/c) extending to approx. 148.3 sq. m (1,596 sq. ft). FRI lease to Saint Charles Dry Cleaners Limited for 10 years from 21 June 2018. Passing rent is £34,000, following the 21 June 2024 rent review. No breaks.

First floor (Flat C): Two-bedroom flat (Reception, two bedrooms, bathroom/wc and kitchen). Let on an AST producing £2,065 pcm (£24,780 pa), expiring 02/09/2025.

Second floor (Flat D): Two-bedroom flat (Reception, two bedrooms, bathroom/wc and kitchen) extending to approx. 74.97 sq. m (807 sq. ft). Let on an AST producing £2,065 pcm (£24,780 pa), expiring 31/07/2025.

There may be potential to add another floor, subject to obtaining the requisite consents.

Knight Frank have not inspected Flat C or measured the Dry Cleaners. The accommodation has been provided by the vendor. This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.

Location

The property is situated on Shepherd's Bush Road (A219), the main arterial route through from Shepherd's Bush Green to Hammersmith. The property benefits from excellent public transport links with Goldhawk Road and Hammersmith Underground stations located equidistant from the property located 0.5 miles north and south, respectively. Within immediate locality is a mix of residential and commercial buildings with nearby occupiers including Tesco, Savills, Marsh and Parsons, Oliver Bonas, Winkworth and a mix of local established retailers as well as many independent hotels.

Occupancy

Tenanted

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.