Town Centre Securities (TCS) has acquired a mixed-use freehold investment in Chiswick, having been looking to invest in West London for some time.
Car park operator and property investment firm TCS have completed the £1.6million deal for 2,000 sq ft property at 255 Chiswick High Road.
The property is a late Victorian purpose-built building with a ground floor retail unit (905 sq ft), which is let to florist Pot Pourri Flowers.
Matthew Coates, investment manager at TCS, said: “We’re delighted to have acquired 255 Chiswick High Road. This is an interesting addition to our portfolio as we look to grow our presence in London.
“We have been looking to invest in West London for a while and this riverside village drew our attention due to its attractive retail offering and large green spaces. It has excellent transport connections with the West End, Richmond-upon-Thames and Royal Botanic Gardens all under 40 minutes away on the Tube.
“We have more than 50 years’ experience in creating outstanding mixed-use developments and believe this asset will enhance our portfolio even further.
“Chiswick is a highly sought-after area and we are confident the retail unit, located on this prominent pitch close to leading high street names including Boots, Waitrose, Santander and Specsavers, will perform well. The two flats are in very good condition and benefit from south facing balconies, making them incredibly desirable homes.”