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The Gunnersbury, 590 Chiswick High Road, London W4 5RP

PRIME WEST LONDON INVESTMENT OPPORTUNITY WITH PLANNING CONSENT FOR ADDITIONAL DEVELOPMENT AND MASSING
For sale
  • Prime West London investment opportunity with planning consent for additional development and massing.
  • Highly prominent location on Chiswick High Road adjacent to the entrance to Chiswick Park and opposite Chiswick Tower and Gunnersbury Station (London Overground and Underground Zone 3).
  • Pub and restaurant over ground and lower ground floor with 5 flats above totalling 9,267 sq ft producing a total income of £250,820 per annum.
  • The pub & restaurant comprises 5,503 sq ft which is let at a current passing rent of £140,000 per annum with 15 years unexpired lease term.
  • The residential comprises 2x 1 beds, 2x 2 beds and 1x 3 bed totalling 3,764 sq ft producing £110,820 per annum.
  • The property benefits from full planning permission for 5 additional flats totalling 3,200 sq ft.
  • Potential to convert the ground and lower ground floor to residential use in future, subject to planning permission.
  • We are instructed to seek offers in excess of £5,300,000 (Five Million, Three Hundred Thousand Pounds), subject to contract and exclusive of VAT.
  • A purchase at the asking price would reflect: £4,700,000 for the investment equating to a Net Initial Yield of 5.0% and an attractive Capital Value of £507 per sq ft (applying purchaser’s costs of 6.57%).
  • £600,000 for the planning permission equating £187.50 per sq ft on the consented floor area.
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