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Units 1-8 Brentford Lock, High Street, Brentford, Middlesex, TW8 8AQ
Guide Price* : £1,300,000
High Yielding Retail/Leisure Investment in the Heart of Brentford
- Fully let high street retail investment
- Let to a mixture of national and local occupiers
- Likely to benefit from significant local developments
- Total income of £156,500 (£16.06 per sq ft)
- Guide Price of £1,300,000, reflecting a high NIY of 11.27%
Description
The investment comprises Eight retail units on the ground floor of a residential courtyard development with frontage to the River Brent and Brentford High Street.
The units are well let to Costcutter, Winkworth and a mix of established local occupiers, whilst Unit 8 is let on a long leasehold. The property benefits from a WAULT to expiry of 9.19 years and a WAULT to break of 8.24 years.
The parade is set to benefit from Ballymore's ongoing mixed use development, which offers an extensive commercial, retail and residential provision within the vicinity of the property.
Location
The property is located in Brentford Lock, an established mixed use development adjacent to the River Brent.
Brentford Station is located approximately 800m to the northeast of the property and provides direct access to London Waterloo.
The property is located within 50m of the proposed mixed use
development by Ballymore.
Tenure
Long Leasehold - 250 years at a Peppercorn Rent
Tenancy
The property is let on eight leases (seven income producing) please see the tenancy schedule and legal pack for more information.
VAT
The property is elected for VAT
Finance
Our Finance Team have sourced the below terms for the property:
Loan Term - 3 years
Gross LTV - 60%
Interest Rate - Libor plus 5.49% per annum
The same lender is also willing to offer Bridging Finance if required.
For more details please contact:
Ashley Elkin
aelkin@lsh.co.uk
07525 630 213
Accommodation
| Unit | Area (Sq M) | Area (Sq Ft) | Tenant | Start Date | Expiry Date | Break Date | Headline Rent (pa) | RR Date | Rent Review Mechanism | Comment |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 132.56 | 1,427 | Time Bistro | 27/09/2019 | 26/09/2039 | N/A | £25,000 | 27/09/2024 | RPI Index Linked | Rent Deposit £6,000 |
| 2 | 150.78 | 1,623 | Siracusa | 18/05/2006 | 17/05/2031 | N/A | £24,000 | 18/05/2021 | OMRV | Rent deposit of £12,000 |
| 3 | 96.25 | 1,036 | Saoirse Hair | 25/04/2018 | 24/04/2033 | N/A | £10,800 | 24/04/2021 Fixed Uplift to £13,500 |
Fixed uplift in 2021 Thereafter the lower of cap and collar (2.5%/4%) or OMRV |
Rent deposit of £6,424 |
| 4 | 79.87 | 860 | Mr S Mcdowell & Mr Y Bakici | 25/04/2018 | 24/04/2033 | N/A | £10,800 | 24/04/2021 Fixed Uplift to £13,500 |
Fixed uplift in 2021 Thereafter the lower of cap and collar (2.5%/4%) or OMRV |
Rent deposit of £4,000 |
| 5&6 | 300.59 | 3,235 | Costcutter Supermarkets | 11/02/2005 | 10/02/2025 | N/A | £55,900 | 11/02/2020 Outstanding |
OMRV | |
| 7 | 145.34 | 1,564 | Winkworth | 07/02/2017 | 06/02/2027 | 17/02/2022 | £30,000 | N/A | OMRV | Rent deposit of £15,000 |
| 8 | 463.17* | 4,986* | High Street Edinburgh Properties Ltd | 01/11/2007 | 31/10/2132 | N/A | Peppercorn | N/A | N/A | |
| Total | 1,368.56 | 14,731 | £156,500 |
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
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