A three-storey building of steel portal frame construction totalling approximately 1,615.72 sq m (17,392 sq ft). We understand that the building was originally constructed in the 1970s as a clothing factory and was more recently converted into offices that underwent a £2.5m refurbishment programme in 2017. The building benefitted from a further internal fit-out by the previous occupier (Regus) in 2018 and now provides Grade A warehouse style office accommodation and is currently operated as fully serviced offices benefitting from the following specification:

VAV air conditioning
Pendant feature lighting
Passenger lift
Excellent floor to ceiling height
Male & female WCs on each floor
PV panels on the roof providing electricity to the building
Showers
Bicycle storage
Café on the ground floor

Externally there are 24 car parking spaces and the site area extends to approximately 0.13 hectares (0.33 acres).

Location

Chiswick is an affluent West London suburb situated about 6 miles west of Central London and 2 miles to the east of Hammersmith. The M4 motorway lies just to the west providing direct access to the M25 motorway and Heathrow Airport about 11 miles and 10 miles to the west respectively.

Fishers Lane runs north from Chiswick High Road in the heart of Chiswick with the property lying on its’ east side. Chiswick High Road is the prime retail thoroughfare in the area being home to a diverse range of independent and national retailers including Marks & Spencer, Tesco Express, EE, Caffe Nero, Barclays, Waterstones, Waitrose and Nandos.

Road - Chiswick can be accessed via Great West Road (A4), Chiswick High Road (A315) and Great Chertsey Road (A316). The M4 motorway begins at the nearby Chiswick Roundabout linking with the M25 at junction 15 to the west

Rail - The property is positioned within close proximity to Turnham Green and Chiswick Park Underground Stations, both of which are served by the District Line. Gunnersbury Overground Station lies about 1 mile to the west providing regular rail services into Central London. The nearest Elizabeth Line (Crossrail) station is Acton Main Line Station about 2 miles to the north.

Bus - Numerous bus routes serve the area providing services to Central London as well as local destinations and Heathrow Airport.

Air - Heathrow Airport lies about 10 miles to the west providing domestic and international departures.

Accommodation

Ground Floor - 647.69 sq m (6,972 sq ft)

First Floor - 484.29 sq m (5,213 sq ft)

Second Floor - 483.73 sq m (5,207 sq ft

Total - 1,615.72 sq m (17,392 sq ft)

Terms

Tenancy - The building is currently operated as a serviced office centre on a Management Agreement with Podium Space Ltd for a term of five years from 08/09/2021 (terminable on 6 months' notice in the event of a sale of the building - refer to the legal pack). The business centre is currently operating at approximately a 30% occupancy rate and based on this occupancy rate is currently producing a gross income of c.£30,000 per calendar month. The management company charge a management fee of 12.5% of gross receipts, subject to a minimum monthly fee of £5,000. A copy of the Management Agreement and the current income profile can be found within the legal pack.

Planning - There is a site to the front of the property totalling approximately 0.04 acres (edged blue on the site plan) that offers potential for the development of new standalone building, subject to obtaining the necessary consents. The seller has previously had plans drawn up for a three storey office building totalling approximately 418.05 sq m (4,500 sq ft) but this was never submitted as a formal planning application. Copies of the plans are available on request and prospective purchasers are advised to make their own enquiries of the London Borough of Hounslow (020 8583 4998) - www.hounslow.gov.uk/planning

The main building may also lend itself to a change of use, possibly to residential or alternative uses including medical or student accommodation but again prospective purchasers are advised to make their own enquiries in this regard.

Tenure - Freehold

Guide Price - £7,500,000

VAT - VAT is applicable to this sale, please refer to the legal documents for further details

Energy Performance Indicator - Rating 91 Band D

Specification

Freehold warehouse-style office building located just off Chiswick High Road. Affluent West London suburb
Approximately 1,615.72 sq m (17,392 sq ft) over ground, first and second floors
Change of use potential for a variety of uses including residential, student accommodation or medical (subject to obtaining the necessary consents)
Potential for further development to the front of the site (subject to obtaining the necessary consents)
Currently operated as fully serviced offices.
Centre currently operating at a c.30% occupancy rate
The building was the subject of a £2.5m refurbishment in 2017 & additional fit out in 2018
Asset management opportunities to let the vacant space and maximise the income profile for the building
Currently producing a gross income of c.£30,000 per month
The successful purchaser will be required to pay the Auction Administration Fee of £5,000 (inclusive of VAT)

Property unavailable

Freehold Office Investment, The Garment Building, Fishers Lane, Chiswick, W4 1RX

Location

Accommodation

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Property unavailable

Freehold Office Investment, The Garment Building, Fishers Lane, Chiswick, W4 1RX

Location

Accommodation

Terms

Specification

Thank you for your enquiry

Many thanks, your enquiry has been sent to the agent

Success!

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