• Freehold Industrial/ Office Investment with Development Potential (1)

• Close to Westfield London, A40 (Westway) & White City (Central Line)

• Let to City Relay Limited (2) at £80,000 pa until 2028 (2026 break not exercised)

• 4,562 sq ft with car parking

• VAT is not applicable

• To be offered for sale via Knight Frank Auctions on Thursday 17th September (unless withdrawn or sold prior)

Property Description

The property is accessed direct from Latimer Road and on entry leads to a central hall with an open plan studio / office / workshop to the left-hand half of the ground floor and 3 W/C’s to the right of the hallway.

To the rear is a double height reception / break out area and kitchen, with a meeting room off the space. A spiral staircase rises to a half floor mezzanine level with two equally proportioned, glazed fronted, open plan offices, one with an internal private office. x2 W/C, one with a shower, server the upper floor and there is a fire exit to the rear.

The exterior ground floor windows and doors are secured by remote control roller shutters and there is a secure hard standing area to the right of the premises. Good order, currently fitted with racking on the ground floor to serve Air B&B operations.
Internal Photographs taken prior to the tenant occupation.

FLOOR AREAS
Ground Floor: 234.30 sqm (2,522 sq ft)
First Floor: 189.52 sqm (2,040 sq ft)
Total: - 423.82 sqm (4,562 sq ft)

TENURE
Freehold

TENANCY
Let to City Relay Limited (2) for a term of years expiring 22/02/2028 at £80,000 per annum on a Full Repairing & Insuring lease, subject to a Schedule of Condition.
Break Option August 2026 NOT exercised.
Sections 24 to 28 of the LTA 1954 are excluded.

(2) "Enjoy hassle-free rental income. Whether it’s ASTs or Airbnb management, we’ll manage everything from maintenance, marketing, cleaning and catering to guests for a 5-star experience". (Source:- www.cityrelay.com)

VAT
VAT is not applicable.

EPC RATING
See Legal pack

PLANNING (1)
Potential to develop the site subject to all necessary consents & permissions.
Plans to develop the site as a 5-storey mixed-use block (Use Class E & C3) are available for inspection in the legal pack and upon request from the Auctioneers.

NB: Planning permission has been granted to develop Unit 10 and permission to develop Unit 9 is in the final stages of the planning process with The Secretary of States Office.

VIEWINGS
Strictly by appointment please contact the Auctioneers

JOINT AUCTIONEER
Justin Knight at Knight Commercial
07772 874 444
[email protected]

Location

The premises are situated on the westerly side of Latimer Road in a parade of light industrial units known as Latimer Industrial Estate, adjacent to the junction with Latimer Place. Other local businesses include The Playground Theatre, Gumball 3000, John Goslett & Co. Ltd, MGA Autos, Carpenters Workshop Gallery, The Designers Guild, Shoot Studio, Miss Sohee, City Electrical Factors, Kai Fusion, London Laundry Club, Shelley’s Pharmacy, Mick’s Fish Bar, Turmeric & Honey Health Food & Cafe and Tesco Express. Public transport is located a short walk away on Bramley Road, Latimer Tube Station (Hammersmith & City line & buses). White City is located 0.5 miles south and Shepherds Bush within 1 mile to the south.

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.