Lot -
Auction
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196 Chiswick High Road, Chiswick, W4 1PD

Auction
United Kingdom
Restaurant
Commercial

*GUIDE PRICE £650,000

Bidding deposit £9,000 *fully refundable if unsuccessful bidder

Extension period added...

Auction Date 20 October
Closing Time 09:00:00 (GMT+1)

Property Viewings

Please contact us to discuss viewings for this property.
Phone
+44 (0) 20 7703 4401
Email
info@uk.bidx1.com

Property Summary

  • Freehold hot food takeaway investment
  • In the same ownership for approximately 40 years
  • Let until 2034 (no breaks)
  • Tenant has been in occupation since 2002
  • Popular West London suburb
  • Busy trading location
  • Currently producing £43,000 per annum

 

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.

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Property description

A mid terraced buidling of traditional construction arranged over ground and two upper floors. The building is arranged as a ground floor hot food takeaway unit with ancillary accommodation on the first and second floors. The upper floors may lend themselves to alternative uses in the future, subject to obtaining the necessary consents.

Location

Chiswick is an affluent and popular West London suburb lying about 6 miles west of Central London. It can be accessed via the A4 (Great West Road) and the A406 (North Circular), with the former providing direct access to the M4 motorway at junction 1 to the west and in turn the M25 motorway beyond at junction 15. The area is served by numerous bus services and Turnham Green Underground Station is within a few minutes' walk of the property.

Chiswick High Road forms part of the A315 and is the principal shopping thoroughfare in the area running west from King Street. The property lies on the north side of Chiswick High Road at its junction with Elliott Road and opposite Devonshire Road. Nearby occupiers include Caffe Nero, Waterstones, Barclays Bank, Marks & Spencer Simply Food, Poundland and Nandos.

Planning

London Borough of Hounslow (020 8583 4998) http://www.hounslow.gov.uk/planning

Tenure

Freehold

Additional Details

Address

Floor

Use

Size

Tenancy

Rent (£)

196 Chiswick High Road

Ground

First

Second

Hot food takeaway

Storage/ancillary

Office/ancillary

33.07 sq m (356 sq ft)

18.98 sq m (204 sq ft)

16.64 sq m (179 sq ft)

Let to Zoom Mak Ltd t/a West Kebab for a term of 12 years from 29/09/2022 (1)

£43,000 (2)

TOTAL

    

£43,000 (2)

(1) The lease is a lease renewal with the tenant having been in occupation since 2002

(2) Four yearly upwards only rent reviews

The floor areas have been obtained from the VOA website

VAT

Please refer to Legal Documents

Energy Performance Indicator

Please refer to Legal Documents



*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £1,500 (inclusive of VAT)for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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