Sold

110-114 King Street, Hammersmith, London, W6

London - M25

Dba322

Mixed Use
£3,750,000

Tenure: Freehold
Tenancy: Multi-Let

Investment summary

• Double fronted two storey retail unit with four self contained two bedroom maisonettes.

• Located along Hammersmith’s prime retail thoroughfare, in direct proximity of Kings Mall Shopping Centre.

• Retail unit totalling 953.09 sq m (10,259 sq ft) with 291.71 sq m (3,141 sq ft) of residential acommodation.

• Nearby retailers include Maplin, Savers, Moss Bros, Iceland and Primark.

• Retail let to Argos Limited on a new 10 year lease with approximately 9.25 years unexpired.

• Low retail passing rent of £150,000 per annum with ERV of £189,500 per annum.

• Combined current passing rent of £192,840 per annum.

• Overall ERV of £262,300 per annum.

• Potential to develop additional residential units at second floor level subject to the necessary consents.

• Freehold interest.

• Seeking offers in excess of £3.75 million reflecting the following attractive profile, assuming standard Purchaser’s costs of 5.80%:

• 5.34%* Net Initial Yield.
• 6.61% Reversionary Yield.
• £280 per sq ft capital value.

*Assuming letting the vacant maisonette at ERV.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.