From
£95,000
Studio for saleMarket Place, Brentford TW8
About this property
A freehold single collection ground rent investment
Secured upon a prominent residential and commercial building on High Street Brentford
Arranged as 44 living spaces with retail and commercial on the ground floor
Subject to a single lease for a term of 250 years from 2016
Producing £13,000 per annum
Strapline
Auction Sale - 09/06/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
of interest to investors - A freehold single collection ground rent investment secured upon a block of 44 living spaces with six retail/commercial units
Description
The property comprises four retail units and two commercial units on the ground floor along with 44 living spaces above converted from former Inland Revenue offices totalling approximately 2,694 sq m (29,000 sq ft). The existing building is arranged on ground and three upper floors.
Location
The Market Building is centrally located on Market Place in the heart of Brentford, just off the High Street (A315). The area has seen extensive regeneration, creating a vibrant mix of residential, retail and leisure uses. A wide range of cafes, restaurants, supermarkets and everyday shopping facilities are all within easy walking distance, alongside riverside walks at Brentford Dock. The property also benefits from proximity to Syon Park and the broader amenities of Chiswick and Kew.
Transport
Brentford Station - approx. 0.4 miles (c.8 minutes' walk), with direct services to London Waterloo
Boston Manor Underground Station (Piccadilly Line) - approx. 1.2 miles
Gunnersbury Station (District Line & Overground) - approx. 1.3 miles
Excellent local bus routes serving Chiswick, Ealing and Kew
A4/M4 (Great West Road) - within 1 mile, providing fast access to Central London and Heathrow Airport
Tenancy
The entire property is subject to a single lease in favour of the management company for a term of 250 years from 1 January 2016 at a current ground rent of £13,000 per annum rising every 25 years by rpi.
Please note
- The rent payable under the management company lease is the aggregate of the yearly rent reserved under the “flat leases” as reviewed from time to time.
- The “flat leases” are defined as those leases set out in Schedule 1 to the lease, a copy of which is included in the legal pack. The schedule lists all of the residential flat leases and the commercial leases. In respect of the latter, however, the schedule lists specific commercial leases, some or all of which have now expired. Therefore, there is a question as to whether the rent of any new commercial leases forms part of the rent payable under the management company lease.
- The residential flat leases are subject to review every 25 years from the commencement of each lease term. As all lease terms commence on or after 1 January 2016, no rents have yet been subject to review.
- The freeholder insures and manages the property.
Accommodation
The property comprise 44 living spaces with six retail/commercial units on the ground floor.
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