For Sale

Shop Long Leasehold, Mooboo Bubble Tea, 176 King Street, Hammersmith, W6 0RA

  • Building Area 810 sq ft (75 sqm)
  • Sale Price £495,000

Investment For Sale

Amenities

  • COMMERCIAL INVESTMENT FOR SALE
  • VIRTUAL FREEHOLD - 977 years remaining
  • Subject to subsisting 10 year FRI lease
  • Trading as Mooboo Bubble Tea
  • BUSINESS NOT AFFECTED
  • Ground & lower ground floors
  • Private courtyard with patio doors
  • Rental income: £28,000 p.a.x.
  • Affluent area
  • Opposite West King Street redevelopment

Description


Attractive commercial premises, trading as Mooboo Bubble Tea – business not affected – arranged over the ground floor and lower ground floor which has the benefit of a private courtyard, with patio doors, providing ample natural daylight. NIA: 660 sq. ft.. ITZA 365.59 sq. ft..

Gross internal areas:
Ground Floor: 522.00 sqft
Lower Ground Floor: 288.00 sqft
Total: 810.00 sqft + private terrace with patio doors from lower ground floor.

TERMS:

FOR SALE: Virtual freehold / long leasehold of the ground floor and lower ground floor (incl. flat roof above) and common parts, held on a commercial lease for a term of 999 years from 25/12/1999 (977 years remaining) at a peppercorn ground rent.

Subject to a subsisting full repairing & insuring lease to Uckermann & Nagy Limited, T/A Mooboo Bubble Tea, for a term of 10 years from 20 April 2021 (exp. 2031), subject to an upward only rent review at the anniversary of the 5th year

►Passing rent: £28,000 p.a.x.
►Rent deposit: £14,000 (to be reviewed in 2024).

This attractive mid-terrace period building is situated in this popular parade on the north side of King Street (A315), in the two way section which extends east from the junction of Dalling Road to Studland Street. Opposite the major redevelopment of West King Street (181–187 King Street Town Hall extension and 207 King Street former Cineworld) with planning for a scheme to comprise 4 screen cinema, 200+ residential units, offices and retail units. Nearby businesses include KFH & Portico estate agents (adjacent), YY Security, Enterprise vehicle hire, Pure Barberism and The Hampshire PH. Within 250m of Ravenscourt Park (District line) TfL station. Hammersmith (District, Piccadilly and Hammersmith & City lines) TfL stations within ½ mile to the east. Many bus routes serve the area.

Use Class E - Commercial, Business and Service Council

London Borough of Hammersmith and Fulham

Tenure

Tenanted Investment

EPC

Available upon request

Tenure

FOR SALE: Virtual freehold / long leasehold of the ground floor and lower ground floor (incl. flat roof above) and common parts, held on a commercial lease for a term of 999 years from 25/12/1999 (977 years remaining) at a peppercorn ground rent. Subject to a subsisting full repairing & insuring lease to Uckermann & Nagy Limited, T/A Mooboo Bubble Tea, for a term of 10 years from 20 April 2021 (exp. 2031), subject to an upward only rent review at the anniversary of the 5th year ►Passing rent: £28,000 p.a.x. ►Rent deposit: £14,000 (to be reviewed in 2024).

Viewing

By appointment with MJ Finn Commercial

Building Area 810 sq ft

Agents

Jojo Finn

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