This property presents a compelling investment opportunity, comprising a ground-floor retail space and a self-contained two-bedroom flat located on the upper levels. Currently, the retail unit generates an annual rental income of £18,000, with an estimated rental value (ERV) for the residential flat at approximately £24,000 per year. The property enjoys a solid gross initial yield of 4.94%, and VAT does not apply.
Spanning four storeys, the building features an 80 sq m (861 sq ft) open-plan commercial unit on the ground floor with ancillary storage in the basement. The flat offers a spacious layout across 90 sq m (968 sq ft), including a kitchen/dining area, bathroom, and living spaces distributed over the first and second floors. In total, this multifaceted property has a gross internal area of 170 sq m (1,829 sq ft).
For those looking to enhance value through redevelopment, positive feedback has already been received for a pre-application regarding a proposed three-storey extension at the rear. This extension could potentially accommodate two studio apartments and one three-bedroom flat, totaling an additional 156 sq m (1,687 sq ft). Furthermore, there is also the potential to convert the existing layout into a five or six-bedroom house of multiple occupation (HMO) for up to eight residents without necessitating major structural changes—subject to planning approvals.
Located adjacent to Goldhawk Road Underground Station and just two minutes from Shepherd's Bush Train Station—providing access to both underground and overground services as well as national rail connections—this property benefits from excellent transport links. The surrounding area is vibrant and well-connected, with various amenities nearby including Costa Coffee, Tesco Express, independent shops, and Westfield Shopping Centre located just a short distance away.
Given its strategic location in Shepherd’s Bush—a desirable West London suburb approximately 3.5 miles from central London—this property holds significant potential for both immediate rental returns and future development opportunities in line with market demand.
