Commercial Investment Opportunity - Long leasehold for sale. The ground floor premises are held on a 125 year Lease from 1st January 2012, subject to the existing occupational tenancy to McMillan Williams Solicitors Limited on a Full Repairing and Insuring Lease dated 6th February 2015 for a Term to expire 5th February 2020. The Lease is held inside the Landlord and Tenant Act 1954. The passing rent is £XXX per annum exclusive.Offers are sought in excess of £XXX Million for the long leasehold interest.
( Agency Pilot Software Ref: 254 )
Location
The property is well located on Acton Lane, within close proximity to Chiswick Park Tube Station (District Line), and Chiswick High Road. Chiswick is a leafy, affluent enclave with a village feel. Chiswick High Road contains a mix of retail, high-end restaurants, wine bars, food outlets and expanding office and hotel space. Chiswick is situated at the start of the North Circular Road (A406), South Circular Road (A205) and the M4 motorway, which provides a direct connection to Heathrow Airport and the M25 motorway.
Accommodation
The premises have the following approximate floor areas:
Units 1 and 2 153.30 sq m (1,650 sq ft)
Terms
The ground floor premises are held on a 125 year Lease from 1st January 2012, subject to the existing occupational tenancy to McMillan Williams Solicitors Limited on a Full Repairing and Insuring Lease dated 6th February 2015 for a Term to expire 5th February 2020. The Lease is held inside the Landlord and Tenant Act 1954. The passing rent is £XXX per annum exclusive.
VAT: VAT will not be applicable to the purchase price.
Price: We are instructed to seek offers in excess of £XXX Million for the long leasehold interest.
Legal Costs: Each party is to be responsible for their own costs in this transaction.
Occupational Lease Summary;
Commercial Units: 1 & 2, Old Timber Court, Acton Lane, London, W4 5JQ
Lease Dated: 6th February 2015
Term: 5 Year FRI Lease held inside the Landlord and Tenant Act 1954
Rent Review: 6th February 2018
Tenant: McMillan Williams Solicitors Limited
Lease Expiry Date: 5th February 2020
Initial Rent: £XXX per annum exclusive
Passing Rent: £XXX per annum exclusive
User: Any use within Class A2 or B1 of the Town and Country Planning (Use Classes) Order 1987