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Paddy Power, 118 King Street, London

Guide Price
£875,000

Business rates & charges may apply

Savills, Savills Auctions- Commercial
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SECTOR

High street retail property for sale

Key features

  • Betting Office Investment with three flats above sold off and expires in 2086
  • Let to Power Leisure Bookmakers Limited (t/a Paddy Power) until 2035 (1)
  • Potential to extend the lease of Flat 3 (2)
  • 0.3 miles from both Hammersmith and Ravenscourt Park Station
  • Well located close to Marks and Spencer and Starbucks
  • Six Week Completion Available
  • VAT is not applicable
  • Investment let at £66,700 p.a. (7.62% GIY on guide)

Description

The property is arranged over basement, ground and three upper floors to comprise a ground floor Betting Office with ancillary accomodation in the basement.

There are three self-contained flats above, accessed from a separate entrance to the side of the building, which have been sold off on long leases, one of which expires in 2086

The London Borough of Hammersmith & Fulham is an affluent borough situated between Kensington and Chiswick.

The property is situated fronting King Street, the retail thoroughfare of Hammersmith, between Dimes Place and Argyle Place. Hammersmith Broadway is approximately 1/4 of a mile to the east at the end of King Street.

Nearby occupiers include Argos, Flight Centre, Pizza Hut, Moss Bross, Maplin’s Electronics, Marks &Spencer, Starbucks and Halifax.

Transport
Approximately 0.3 miles from both Hammersmith (Piccadily, District, Hammersmith & City and Circle Lines) and Ravenscourt Park (District Line) Underground Stations

The area is well connected, with the A4 Great West Road running through the area East to West, while the A406, A40, A3220 & M4 (junction 1) are all easily accessible

Brochures

Paddy Power, 118 King Street, London

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hammersmith (District & Piccadilly) Station0.2 miles
  • Ravenscourt Park Station0.2 miles
  • Hammersmith (Hammersmith & City) Station0.2 miles

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

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