Available
London W3 – Supermarket
193/195 High Street, Acton, London W3 9DDVirtual Freehold Retail Investment
Price
£1,300,000
Rent P.A.
£79,000
Yield
6.08%
Tenure
Leasehold
Lease Term
20 Years
Years Left on Lease
10y 1m
Area
3,013 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Let to Mleczko Delikatesy Limited until 2035, no breaks
- Rent reviews in February 2025 and 2030. Open market upward only
- In same ownership for 15 years
- Comprises large double fronted ground floor shop t/a supermarket
- Situated between Acton Central and Ealing Common Stations, with occupiers nearby including Morrisons, Lidl, Restaurants, Takeaways, Pharmacy and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises large double fronted retail premises t/a Polish delicatessen supermarket. The property benefits from rear access and provides the following accommodation and dimensions:
Ground Floor: 280 sq m (3,013 sq ft)
Open plan retail, storage, office, WCs
Ground Floor: 280 sq m (3,013 sq ft)
Open plan retail, storage, office, WCs
Tenancy Description
The property is at present let to Mleczko Delikatesy Limited for a term of 20 years from 11th February 2015 at a current rent of £79,000 per annum and the lease contains full repairing and insuring covenants. Rent review in February 2025 and 2030 open market upward only. No breaks.
Mleczko Delikatesy has 14 branches across North, South and West London and 1 Branch in Reading. The company reported turnover of £31,842,000 and a total net assets of £7,654,000 for the financial year ending December 2021.
For more information please visit their website:
https://mleczkodelikatesy.com/
Tenure:
Long Leasehold. Held on a 999 Year lease from 21st July 2000 at a ground rent of peppercorn.
Mleczko Delikatesy has 14 branches across North, South and West London and 1 Branch in Reading. The company reported turnover of £31,842,000 and a total net assets of £7,654,000 for the financial year ending December 2021.
For more information please visit their website:
https://mleczkodelikatesy.com/
Tenure:
Long Leasehold. Held on a 999 Year lease from 21st July 2000 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Acton is a town and area in west London, England, within the London Borough of Ealing. It is 6.1 miles (10 km) west of Charing Cross. The recently refurbished 'Mount' on Acton High Street hosts a Market on Thursday, Friday and Saturday. Acton's library, swimming baths (built in 1904) and Town Hall are examples of tall Victorian municipal buildings that can be found along the High Street. The property is conveniently located between Acton Central and Ealing Common Stations, with occupiers nearby including Morrisons, Lidl, Restaurants, Takeaways, Pharmacy and many more.
