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229-231 High Street, Hounslow TW3 1DH
Sales229-231 High Street, Hounslow TW3 1DH
 High Street, TW3
Offers in the region of £2,300,000

Property Information

  • Reference number wjne_292268912
  • Property Type Commercial

Location

High Street, TW3

Property description

LOCATION

The Property is located in the London Borough of Hounslow, approximately 10 miles to the west of central London. The M4 motorway, which connects London with South Wales, is located approximately 2.4 miles to the northwest of the Property. By road, the Property is located approximately 32 miles east of Reading, 40 miles south of Luton, 101 miles southeast of Coventry, 111 miles southeast of Leicester and 119 miles southeast of Birmingham. Heathrow Airport is situated approximately 4.3 miles to the west of the Property. Hounslow Central underground station, serviced by the Piccadilly Line, is situated approximately 390 metres to the northwest of the Property and provides direct access to South Kensington (29 mins), Green Park (36 mins), Leicester Square (39 mins) and Kings Cross (46 mins). Hounslow railway station is situated approximately 0.5 miles to the south of the Property and provides direct access to Richmond (15 mins), Clapham Junction (27 mins) and London Waterloo (39 mins). The property is located on the south side of Hounslow’s High Street where several major national retailers have representation including Primark, H&M & TK Maxx. 231 High Street (subject property) has a return frontage along the entrance to The Treaty Shopping Centre.

DESCRIPTION
The subject property comprises an end of terrace building built in 1987 and arranged over 3 floors. The property was originally constructed as a single unit but was sub divided in 2006/2007 to provide two individual units.

229 High Street is arranged to provide retail sales accommodation at ground level and ancillary storage on the first and second floors, with the second floor extending over the entire footprint of the building.
231 is arranged over the ground floor and first floor only, with customer seating and a food preparation area on the ground floor. The first floor is arranged to provide ancillary storage, an office and further food preparation areas.

ACCOMODATION

229 HIGH STREET

UNIT/FLOORUSE/OCCUPIERAREA (SQ. M. - approx.)
GROUND FLOORRETAIL104
FIRST FLOORANCILLARY85
SECOND FLOORANCILLARY174
231 HIGH STREET
UNIT/FLOORUSE/OCCUPIERAREA (SQ. M. - approx.)
GROUND FLOORRETAIL118.5
FIRST FLOORANCILLARY112.5

WJ Nestle has not done a measured survey of the property. Interested parties are advised to undertake their own due diligence. WJ Nestle will not be liable for any discrepancies.

TERMS
The property is offered to the market on freehold, seeking offers in region of £2,300,000.00

The purchaser/vendor will be required to satisfy the seller and their agents regarding the source of funds in accordance with current Anti Money Laundering Regulations.

OCCUPATIONAL STATUS
The Property is fully let to two tenants, on two separate FR&I leases with a WAULT of 2.50 years, at a current aggregate income of £135,000 per annum. We have set out a summary of the current tenancy profile: 

LEGAL COSTS
Each party to pay their respective legal fees.


Viewings can only be carried out with prior notice.

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rest over £1.5m 12

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less than £250k 3
£250k to £925k 8
£925k to £1.5m 13
rest over £1.5m 15

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less than £425k 0(5)**
£425k to £625k 5
£625k to £925k 5
£925k to £1.5m 10
rest over £1.5m 12
*If the price is over £625,000, you cannot claim the relief. Follow the rules for people who’ve bought a home before.

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