An excellent opportunity to acquire this commercial property on the popular Churchfield Road (Poets Corner) in Acton.
The building also has an interesting historical connection, having once been home to Eric Ravilious, the renowned British painter, designer, book illustrator and wood engraver.
Location
Poets Corner, on the popular Churchfield Road in Acton W3. The property is surrounded by an excellent selection of independent shops, cafés and restaurants. Great transport links with Acton Central Overground station within walking distance. Acton Main Line station provides Elizabeth line services with fast connections to Heathrow, Central London and beyond. Acton Town Underground station is also nearby, offering Piccadilly and District line services.
Accommodation
The commercial premises are arranged over the ground floor, basement and first floor, providing approximately 570 sq ft (53 sq m) of internal accommodation.
Ground Floor: 21.1 sq m / 227 sq ft
First Floor: 8.2 sq m / 88 sq ft
Basement: 23.7 sq m / 255 sq ft
Approximate Gross Internal Area: 53.0 sq m / 570 sq ft
Terms
The property is available either as a 215-year long leasehold interest at £240,000 or as a freehold at £260,000.
The long leasehold sale relates to the commercial premises only. The freehold sale additionally includes the freehold interest in the entire building, with four residential flats above, each sold on a long lease and currently paying £100 per annum ground rent.
The commercial premises are currently let at £15,000 per annum. The existing lease expires in January 2027 and is contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954. The existing tenant may consider remaining, or the premises could potentially be available with vacant possession.
Rental: The property has an estimated rental value of approx. £16,000–£18,000 per annum, offering an attractive opportunity for rental growth and improved returns for an incoming investor. Alternatively, the potential for vacant possession makes the property equally appealing to owner-occupiers seeking premises in a popular Acton location.
Rates: The rateable value = £9,600; (before any reliefs or discounts). The property qualifies for 100% business rates relief. Interested parties should make their own enquiries with the London Borough of Ealing.
Legal Costs: Each party is to be responsible for their own legal costs.
Tenure: Freehold
Specification
- Suitable for investors and owner-occupiers
- Estimated rental value: £16,000–£18,000 per annum
- £400 per annum total ground rent income
- Approx. 570 sq ft / 53 sq m
- Potential vacant possession
- Current rent: £15,000 per annum, the lease expires January 2027