46-47 The Mall 6,792 sq ft Retail Property London W5 3TJ £1,275,000 (£187.72/sq ft) 6.60% Net Initial Yield

Located in the heart of Ealing, one of West London’s most established and affluent town centre destinations, The Sir Michael Balcon and The Lemon Tree Nursery occupy a prominent position along The Mall. The surrounding area benefits from strong footfall, a diverse mix of retail and leisure uses, and close proximity to Ealing Common, Walpole Park and the wider residential catchment that supports year-round activity. Ealing Broadway Station is located within easy walking distance, providing connectivity through the Elizabeth line, Central line, District line and National Rail services, offering direct access to Central London, Heathrow Airport and the wider region. The immediate locality features a broad mix of national operators and independent occupiers, contributing to the strong trading environment surrounding the property.
Freehold public house let to J D Wetherspoon PLC and children’s day nursery investment in the affluent West London suburb of Ealing The Sir Michael Balcon is arranged over ground, first and second floors. The building is of traditional brick construction beneath pitched and flat roofs. To the rear of the public house is The Lemon Tree Nursery, arranged across a single level and is of brick construction under a pitched slate covered roof. Externally to the front of the property is a customer terrace which is currently laid out to provide 60 covers.
Freehold ownership with both properties held on one single title Prominent position on The Mall in Ealing, situated in the town centre with excellent access to Ealing Broadway Station (Central, District & Elizabeth Lines) and surrounding amenities.
Substantial Public House over basement, ground, first and second floor levels extending to 492.9 sq m / 5,284 sq ft.
Nursery extending over one level, providing approximately 90.1 sq m / 970 sq ft.
Let to national pub operator J D Wetherspoon PLC, one of the UK’s largest pub groups with an extensive estate of approximately 800 outlets across the United Kingdom, Ireland and Spain.
The public house has a current rent of £71,662.50 per annum subject to fixed increases of 5% at each upward only review with the next reviews being in 2031, 2036 and 2041.
The children’s day nursery has a current rent of £17,500 per annum, with five-yearly upwards-only open market or index-linked reviews.
GROUND FLOOR - The ground floor provides a large open plan customer trading area featuring a substantial central bar servery, mixed loose seating and tables for approximately 132 covers. Ancillary areas include a cooled beer store, an accessible WC and baby change, a boiler room and two dumb waiters. BASEMENT - The basement provides bottle and wine storage along with general cleaning storage, arranged across three rooms. FIRST FLOOR - The first floor comprises a mix of operational and staff accommodation including a kitchen, gents and ladies WCs, an office, a staff room and general storage, arranged around the staircase and two dumb waiters. SECOND FLOOR - The second floor contains a staff room and manager’s accommodation including a bedroom, lounge, kitchen and bathroom. EXTERNAL - A glazed canopy fronts the elevation, providing an additional trade area for approximately 60 covers.
Arranged over a single level with a self contained layout that includes two play rooms, an office, small kitchen, storage areas and dedicated WC facilities. The nursery also benefits from a covered outside area and a small garden.
The property is held freehold (Title Number MX144997). Let to J D Wetherspoon PLC for a term of 35 years from April 1996, which has been extended by way of a reversionary lease at a current rent of £71,662.50 per annum + VAT which is subject to five yearly upwards only rent reviews which are fixed at 5%. A reversionary lease has been granted from April 2031 for a further 15 years at a rent of £75,246 per annum which will then increase in 2036 to £79,008 per annum and £82,958 per annum in 2041. Let to St Matthew’s Montessori School Ltd in March 2015 for a term of 16 years at a current rent of £17,500 per annum. The lease provides for five-yearly upwards-only open market rent reviews, or alternatively a review based on an index-linked percentage increase including 2030.
J D Wetherspoon PLC The public house is let to J D Wetherspoon PLC (Company Number 01709784), one of the largest pub operators in the United Kingdom and Republic of Ireland. Founded in 1979 by Tim Martin and headquartered in Watford, Hertfordshire, the company is listed on the London Stock Exchange (LSE: JDW) and operates approximately 798 pubs nationwide, employing in excess of 42,000 people. The group is widely recognised as the leading value-for-money operator in the British pub sector. In their most recent full year results for the 52 weeks ended 27 July 2025, J D Wetherspoon reported revenue of £2,127.5 million, an increase of 4.5% on the prior year, with operating profit of £146.4 million and like-for-like sales growth of 5.1%. In recent years the company has undertaken an active programme of estate rationalisation, disposing of non-core sites whilst investing in its retained estate and expanding its franchise model. St Matthew’s Montessori School Ltd The children’s nursery is let to St Matthew’s Montessori School Ltd (Company Number 09235153), a private early years education provider trading as Lemon Tree Montessori Nursery (formerly St Matthew’s Montessori). The nursery is registered with Ofsted under the Early Years Register and have received a Good rating at inspection.