Available
London W12 – Retail Shop & 2-Bed Flat with Development Potential
69 Goldhawk Road, Shepherd`s Bush, London W12 8EGFreehold Retail & Residential Investment with Redevelopment Potential
Price
£925,000
Rent P.A.
£41,040
Yield
4.44%
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
14y 6m
Area
1,829 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop and and self-contained 2-bed flat at rear ground and upper floors
- Pre-app submitted for three-storey extension at rear to create 2 x Studio and 1 x 3-Bed Flat
- Property suitable for redevelopment into 5/6-bedroom HMO (8 ppl), subject to obtaining planning
- Situated next to Goldhawk Road Underground Station, while Shepherd`s Bush Train Station is within 2 min walk providing Underground, Overground and National Rail services.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Four-storey building comprising retail shop at ground floor with self-contained residential flat at rear ground and upper floors, providing the following accommodation and dimensions:
Retail Shop: 80 sq m (861 sq ft)
Ground Floor: Open plan commercial unit
Basement: Ancillary, storage
Residential Flat: 90 sq m (968 sq ft)
Rear Ground Floor: Kitchen/Dining, Bathroom, Store
First Floor: Store room, wc
Second Floor: Bedroom, Living Room,
Third Floor: Bedroom
Total GIA: 170 sq m (1,829 sq ft)
Re-Development Potential:
Pre-app has been submitted and positive feedback received for three-storey extension at rear to create 2 x Studio and 1 x 3-Bed Apartment, providing the following accommodation and dimensions:
Rear Ground Floor Studio: 36 sq m (387 sq ft)
Open plan kitchen/living, bedroom, bathroom
First Floor Studio : 36 sq m (387 sq ft)
Open plan kitchen/living, bedroom, bathroom
Second/Third Floor Flat: 84 sq m (904 sq ft)
Second Floor: 1 bedroom, kitchen/living, bathroom Third Floor: 2 bedrooms
Proposed Residential GIA: 156 sq m (1,687 sq ft)
Additional redevelopment potential for 5/6-bedroom HMO (8 ppl), leveraging the existing layout without requiring a building extension, subject to planning.
Retail Shop: 80 sq m (861 sq ft)
Ground Floor: Open plan commercial unit
Basement: Ancillary, storage
Residential Flat: 90 sq m (968 sq ft)
Rear Ground Floor: Kitchen/Dining, Bathroom, Store
First Floor: Store room, wc
Second Floor: Bedroom, Living Room,
Third Floor: Bedroom
Total GIA: 170 sq m (1,829 sq ft)
Re-Development Potential:
Pre-app has been submitted and positive feedback received for three-storey extension at rear to create 2 x Studio and 1 x 3-Bed Apartment, providing the following accommodation and dimensions:
Rear Ground Floor Studio: 36 sq m (387 sq ft)
Open plan kitchen/living, bedroom, bathroom
First Floor Studio : 36 sq m (387 sq ft)
Open plan kitchen/living, bedroom, bathroom
Second/Third Floor Flat: 84 sq m (904 sq ft)
Second Floor: 1 bedroom, kitchen/living, bathroom Third Floor: 2 bedrooms
Proposed Residential GIA: 156 sq m (1,687 sq ft)
Additional redevelopment potential for 5/6-bedroom HMO (8 ppl), leveraging the existing layout without requiring a building extension, subject to planning.
Tenancy Description
The retail shop is at present let to an Individual for a term of 15 years from 17th September 2022 at a current rent of £18,000 p.a. and the lease contains full repairing and insuring covenants. Rent review every 5 years open market upward only. No breaks.
The residential flat is at present let on AST to an Individual for a term of 12 Months from 15th August 2024 at a current rent of £23,040 p.a. Deposit held of £2,215.
The residential flat is at present let on AST to an Individual for a term of 12 Months from 15th August 2024 at a current rent of £23,040 p.a. Deposit held of £2,215.
Tenancies & Accommodation
Location Description
Shepherd's Bush is an affluent and popular West London suburb, located to the north of Hammersmith and approximately 3.5 miles from London's West End. The A4020 Uxbridge Road connects Shepherd's Bush with Ealing to the west, whilst the A40 Westway & A3220 provide access onto the M40 motorway. The property is situated next to Goldhawk Road Underground Station, while Shepherd`s Bush Train Station is within 2 min walk providing Underground, Overground and National Rail services. Occupiers close by include Costa Coffee, Tesco Express, and a wide range of independent traders, and Westfield Shopping Centre is a short distance to the east.
