Freehold Mixed Use Investment For Sale, Shepherds Bush, W12
Shop & Maisonette - single tenancy to Dignity Funerals
366 Uxbridge Road, Shepherds Bush, London, W12
First time on the market in over 90 years
Situation & Location
The property is situated on the the northern side of Uxbridge Road close to the junction with Bloemfontein Road and thus enjoys vibrant local shopping and restaurant facilities. Shepherds Bush Market Underground (Circle, Hammersmith & City Lines) is close by. Beyond, but still within easy reach, lie White City, Westfield and Central Line connections. View location map.
Description & Accommodation
The property is a Victorian mid-terrace building comprised of shop and basement with separate four bedroomed maisonette above. The retail unit provides the following approximate net useable floor areas:-
| Ground floor sales (GF WC to rear) |
444 sq ft | 41.3 sq m |
| Kitchen to rear |
67 sq ft | 6.2 sq m |
| Basement ancillary | 308 sq ft | 28.6 sq m |
| Basement office | 258 sq ft | 24.0 sq m |
| Basement vault (Basement WC) | 161 sq ft | 15.0 sq m |
| TOTAL | 1238 sq ft | 115.1 sq m |
The upper floors comprise a valuable residential maisonette with a separate ground floor entrance and an approximate gross internal area of some 1,447 sq ft (134.5 sq m).
The accommodation comprises a bedroom, bathroom and WC at half-landing level; bedroom, kitchen and living room at first floor level; two further bedrooms at second floor level.
Externally there is a rear yard with gate opening onto a rear lane which leads to Bloemfontein Road and over which we understand the property enjoys a right of way. We believe that there may be long term potential for a rear extension of the property, subject to necessary consents.
Internal photographs and floorplans available on request.
Tenure
Freehold.
Tenancy
The entire property is let on full repairing and insuring terms to Dignity Funerals Ltd, trading as W.S. Bond, for a 15 year term expiring 28.09.2028 subject to tenant’s break option in Sept 2023 on six month’s notice.
Rent
Currently £42,500 per annum, subject to upward only review in September 2023.
Tenant Profile
Dignity Funerals Ltd is the main subsidiary of Dignity PLC and in its most recent published accounts had a turnover of £262,256,000; net pre tax profit of £62,321,000; net assets of £65,700,000.
Price
Guide price £695,000 to reflect an initial yield of 5.87% after deducting normal purchase costs.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
Commerical Rating 90 – Band E; Maisonette Rating 64 – Band E.
Copy certificates and recommendations available on request.
VAT
The property is not VAT opted.
Contact
Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.
