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UNDER OFFER

178 King Street, London, W6 0RA

£600,000

£793.65 per sq ft

Business rates & charges may apply

Stirling Ackroyd, Commercial
SIZE AVAILABLE

756 sq ft

70 sq m

SECTOR

High street retail property for sale

Floor Plan
1

Key features

  • 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

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.

Location
Local Authority- London Borough of Hammersmith and Fulham.

King Street links Hammersmith Broadway to the east with Chiswick High Road to the west.

Viewings
By appointment with Stirling Ackroyd

Brochures

178 King Street, London, W6 0RA

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ravenscourt Park Station0.1 miles
  • Hammersmith (District & Piccadilly) Station0.4 miles
  • Stamford Brook Station0.5 miles

About Stirling Ackroyd, Commercial

40 Great Eastern Street, London, EC2A 3EP

Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment. Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all your commercial property needs.

At Stirling Ackroyd, the city is in our DNA. We understand the way London operates and how people buy, sell, rent or let property. As one of the first East London estate agents, we have played a vital role in the residential and commercial development of Central and East London and through this, we have gained an integral understanding of local values and an unparalleled local knowledge of the area.

We are one of the leading commercial estate agents for commercial property in London. We provide our clients with the full range of comprehensive, professional, and up to date occupational and investment services with dedicated teams covering all commercial property sectors.

Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all your commercial property needs. Set up originally in a small office on Curtain Road, in the then unfashionable northern City fringe, we have watched the community we are part of grow into the prime property locations you see today.

Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 225720-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stirling Ackroyd, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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