PRIME RETAIL PARADE

WITH PLANNING

CONSENT

72-76 BROADWAY WEST EALING LONDON W13 0SY

LOCATION The property is situated in a prime retailing location on the northern side of the Broadway. Occupiers in the immediate vicinity include Lidl, Greggs, Superdrug, Wilkinson’s and Sainsbury’s.

West Ealing is an important west London suburb and a busy metropolitan retail centre. It is located 8 miles west of central London, 4 miles from Hammersmith and 6 miles from Kensington.

West Ealing has excellent road communications with Western Avenue (A40) to the north providing access to central and west London. The A40 feeds into the M40 which provides access to the M25 and the national motorway network. In addition, the A406 (North Circular) provides access to Junction 1 of the M1 to the north and Richmond and Chiswick to the south.

West Ealing and Hanwell rail stations provide overground rail services to London Paddington with an approximate journey time of 15 minutes. Ealing Broadway Station is located a mile from the subject property offering both Central and District Underground line services to Central London. These stations will also benefit from Crossrail as they are set to become stops on the highly anticipated Elizabeth Line expected in 2019.

PLANNING

Address Application

Number Details

Decision Date

Decision

72 And 72A Broadway West Ealing London

W13 0SY 163829FUL

Construction of a first-floor level rear extension and addition of a second-floor level to the building; change of use of first floor level office space to residential to accommodate eight self-contained residential units (8x1 bed) including the alteration of the ground floor level shopfront to provide for a residential entrance to the upper levels of the building and associated cycle and refuse storage

10 Feb 2017

Grant with Conditions

74 And 74A Broadway West Ealing London

W13 0SY

Submitted 18th

January 2018

Planning application to be submitted to convert upper parts into 8 x 1 bed flats

- Application

Pending

All interested parties to make their own enquires of the local authority.

DESCRIPTION Part of a busy retailing parade forming the freehold of five ground floor retail units, with ancillary upper parts. The upper parts located above no. 76 have been sold off on long leasehold interests and do not form part of this sale.

Three of the units are let in their entirety over ground and first floors and one is currently vacant.

The property benefits from planning consent to develop the upper parts of no’s 72 & 72A to comprise 8 x 1-bedroom flats. An application has also been submitted to develop the upper parts of no’s 74 & 74a to also comprise 8 x 1-bedroom flats.

The above table is provided for indicative purposes only and prospective purchasers should make their own enquiries directly to

the local authority.

ACCOMMODATION & TENANCY SCHEDULE

Address Tenant Approximate Size Lease Start

Lease End

Rent per annum

Break Rent

Review Inside L&T

1954 Comments

72 The Broadway (Ground and First

Floors) Shoe Zone Ltd

Ground Floor: 145.02 Sq M / 1,561 Sq Ft First Floor: 74.32 Sq M / 800 Sq Ft

25/06/2010

24/06/2020

£32,500 - 24/06/2015

TBC

Planning consent granted to convert upper parts including additional new build storey

into 4 x 1 bed flats

72A The Broadway (Ground and First

Floors) Vacant

Ground Floor: 148.92 Sq M / 1,603 Sq Ft First Floor: 71.90 Sq M / 774 Sq Ft

- - - - - -

Planning consent granted to convert upper parts including additional new build storey

into 4 x 1 bed flats

74 The Broadway (Ground and First

Floors)

The Carphone Warehouse Ltd

Ground Floor: 159.04 Sq M / 1,712 Sq Ft First Floor: 90.76 Sq M / 977 Sq Ft

25/03/2011

24/03/2021

£35,000 - 25/03/2016

Inside

Planning application to be submitted to convert upper

parts including additional new build storey into 4 x 1 bed

flats

74a The Broadway (Ground and First

Floors) Sportswift Ltd

Ground Floor: 141.58 Sq M / 1,524 Sq Ft First Floor: 80.36 Sq M / 865 Sq Ft

20/03/2012

19/03/2022

£37,000 - 20/03/2017

Inside

Planning application to be submitted to convert upper

parts including additional new build storey into 4 x 1 bed

flats

Ground Floor 76 The Broadway (Ground

Floor only)

Kastein Coffee UK Ltd t/a Starbucks

Ground Floor: 144.83 Sq M / 1,559 Sq Ft First Floor: Not Included within sale

22/05/2017

21/05/2027

£35,000 22/05/2022 22/05/2027

- Inside Ground floor only

Flat 1, 76A The Broadway

Vacant N/A - - PC - - -

Flats excluded from sale/retained on 999-year

lease

Flat 2, 76A The Broadway

Vacant N/A - - PC - - -

Flat 3, 76A The Broadway

Vacant N/A - - PC - - -

£139,500

The above table is provided for indicative purposes only and prospective purchasers should verify all information themselves. Alexander Lawson Surveyors have not measured the

property.

PRICE Offers in excess of £4,500,000 Subject to Contract

VIEWINGS & FURTHER INFORMATION Via Sole Agents Alexander Lawson Surveyors

Alexander Lawson Surveyors (ALS) for themselves and for the vendors/lessors of this property, whose agents they are, give notice that: (1) These particulars are set out as a general guideline only for the guidance of prospective purchasers/lessees and do not constitute the whole, nor any part, of an offer or contract. (2) No person employed by ALS has any authority to enter into any contract, nor make or give any warranty or representation whatsoever in relation to this property. The terms quoted, and all subsequent negotiations are subject to contract. (3) All descriptions, dimensions, references to condition, necessary permissions for use and occupation, and any other details, are given in good faith and are believed to be correct at the time of compilation, but any intending purchasers/lessees should not rely on them as statements or representations of fact and must satisfy themselves as to their accuracy. (4) Any comment on council tax/rateable value/rates payable, and permitted planning use, is given in good faith from information informally supplied to us. Intending purchasers must seek confirmation direct from the relevant Local Authority. (5) All plant, machinery, equipment, services and fixtures & fittings referred to were present at the date of first inspection but have not been tested and ALS give no warranty or representation as to their condition, operation or fitness for the intended purpose. (6) ALS do not hold themselves responsible, in negligence or otherwise, for any loss arising from the use of those particulars, nor for any expense incurred in viewing the premises or for abortive journeys. (7) All prices/rents are exclusive of VAT (unless otherwise stated) and interested parties should take independent advice as to the VAT and general taxation implications of proceeding. February 2018.

EPC Available upon request.

TENURE Freehold

VAT The property is elected for VAT

LEGAL Each party to be responsible for their own legal costs.

DATA ROOM Access to be provided upon registration of interest

DEVELOPMENT AND INVESTMENT CONSIDERATIONS

▪ Let to National Covenants

▪ Prime retail pitch

▪ Excellent Rental Growth prospects

▪ Potential to Develop in line with approved and

proposed schemes

▪ Rear yard providing approx. 26 x Car Parking spaces

▪ Crossrail/Elizabeth Line anticipated 2019

Luke Theodosiou Savvas Socratous

02037009591 02037009333

luke@alexanderlawson.com savvas@alexanderlawson.com

17 Hanover Square, London W1S 1BN

www.alexanderlawson.com