Lot 22 Click here for addendum
Leasehold Commercial Investment
6 Week Completion
Situation
Occupying a prominent trading position and just a few yards from a BP Connect / Marks & Spencer on the south side of Shepherd's Bush facing The Common and its array of multiple and established traders such as McDonald's, KFC, Greggs, Nationwide and Betfred. O2 Shepherds Bush Empire and Westfield Shopping Centre are nearby, and the property is within close proximity of Shepherd's Bush Market Underground (Hammersmith & City Line) & Shepherd's Bush Underground (Central Line).
Property
Forming part of the 1930's five storey block of flats comprising a Ground Floor Shop.
Accommodation
Ground Floor Shop
Gross Frontage 10'0''
Internal Width 9'9'' widening to 20'6''
Shop & Built Depth 27'6''
WC
VAT is NOT applicable to this Lot
Tenure
Leasehold for a term of 999 years from 29th September 1979 at a peppercorn ground rent.
Tenancy
The property is let on a full repairing and insuring lease to Shahed Limited as a Coffee Shop / Shisha Bar for a term of 15 years from 26th January 2011 at a current rent of £12,500 per annum exclusive.
Rent Review January 2021 (Outstanding)
Note 1: Tenant has erected a temporary canopy for an external seating area on the pavement which is not within the demise of the 999 year lease.
Note 2: There is a £6,250 Rent Deposit held.