• Unique Freehold Riverside Island Investment Producing £16,500 p.a. (rising)

• The site extends to approximately 5,809 sq ft (539.64 sq m) in total comprising Johnson’s Island and an adjoining parcel of land fronting the water

• RPI-linked rent reviews take place on each anniversary (annually) from 1 August 2029 until expiry

• Medium to long-term asset management potential and development potential (subject to consents)

• To be offered for sale via Knight Frank Auctions on 10th December (will not be sold prior)

Property Description

On the instructions of a Charity and for sale by auction in association with our Joint Auctioneer, Vokins Chartered Surveyors.

A rare opportunity to acquire the freehold interest in Johnson’s Island, an established riverside artists’ enclave occupying a unique position on the edge of Brentford town centre, together with an additional parcel of waterfront land. The site extends to approximately 5,809 sq ft (539.64 sq m) in total, comprising Johnson’s Island (approximately 5,417 sq ft) and an adjoining parcel of land fronting the water (approximately 392 sq ft).

Situated immediately south of Brentford High Street, the property enjoys a highly distinctive waterside setting within an area undergoing significant regeneration, most notably through The Brentford Project, Ballymore's substantial mixed-use redevelopment which is transforming the wider town centre environment.

Tenancy
The site is currently let to two individuals on a 10-year lease from 1 August 2024 to 31 July 2034, contracted outside of the Landlord & Tenant Act 1954, at a current passing rent of £16,500 per annum exclusive, with an upward-only RPI-linked rent review on 1 August 2029. Future RPI-linked rent reviews take place on each anniversary (annually) until expiry. The lease permits uses including the storage, repair and maintenance of marine craft together with metalwork, woodwork, artistic and craft-based activities.

The tenant has been at the site for close to 30 years, during which time a number of timber structures, workshops and studios have been created by the tenant, contributing to the site’s distinctive creative character and accommodating a community of local artists and makers.

The property may appeal to investors seeking an income-producing asset with medium to long-term asset management potential and development potential (subject to consents), benefiting from its strategic waterside location amidst ongoing regeneration.

VAT
Refer to the legal pack

Purchasers should note that the site experiences periodic flooding, hence the stilted structures.

Location

Brentford is an increasingly sought-after West London location situated approximately 8 miles west of Central London, benefiting from excellent road, rail and river connections. The town has undergone substantial regeneration in recent years, most notably through The Brentford Project, Ballymore's landmark mixed-use development which is delivering new homes, retail, leisure and public realm improvements around the High Street and waterfront. Johnson's Island occupies a unique position immediately south of Brentford High Street, accessed from Staffordshire Wharf and surrounded by the waters of the River Brent and the Grand Union Canal. The property enjoys a distinctive waterside setting within walking distance of Brentford town centre amenities, Brentford Mainline Station and the extensive regeneration surrounding the town's historic waterfront. The surrounding area comprises a diverse mix of residential, commercial and leisure uses, with nearby occupiers and attractions including the regenerated waterfront, Brentford Lock and the wider town centre. The location continues to benefit from significant public and private investment, underpinning its long-term appeal as a strategic West London destination.

Occupancy

Tenanted

Tenure

Freehold

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.