Menu

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

Under Offer
Freehold Mixed Use Investment For Sale, Shop & Maisonette - single tenancy to Dignity Funerals, 366 Uxbridge Road, Shepherds Bush, London, W12

Download full details

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.

Commercial property agents | Property management agents | Commercial property management | Commercial property | Shops for let | Offices to rent | Kensington commercial property | Notting Hill commercial property | Holland Park commercial property | Portobello commercial property | Shops for rent in Kensington | Shops for rent in Notting Hill | Shops for rent in Holland Park | Shops for rent in Portobello | Office to let in Kensington | Office to let in Holland Park | Office to let in Notting Hill | Office to let in Portobello | Block management | Block management Kensington | Block management Notting Hill | Block management Holland Park
JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956