The building comprises a corner property benefitting from windows fronting both Harrow Road and Chippenham Road.
The property sits at the end of a parade where all units are occupied by local independent retailers and restaurants.
The ground floor restaurant/ take away comprises a large serving and seating area together with kitchen and ancillary areas. whilst the basement comprises a large kitchen and full height storage area.
To the side of the property on Chippenham Road there is a separate entrance leading to the first and second floors which comprise a large 2 bedroom flat on each floor.
Location
Harrow Road is a key artery into Central London.
The building is situated in a prominent position on the corner of Harrow Road and Chippenham Road in the heart of Maida Vale. The area is characterised by elegant Victorian houses, tree-lined footpaths and benefits from a vast range of business and residential spaces.
Westbourne Park, Warwick Avenue and Maida Vale Underground Stations are all within walking distance with numerous bus routes accessible from Harrow Road.
Accommodation
Second Floor (GIA) - 650 sq ft - Residential
First Floor (GIA) - 650 sq ft - Residential
Ground Floor (incl 60 sq ft storage) - 710 sq ft - Commercial
Basement - 694 sq ft - Commercial
TOTAL - 2,704 sq ft
Terms
TENANCY - The property is held on a single lease to Jhangir Ltd t/a French Tacos for a term of 15 years from 31 August 2018 with 4 yearly rent reviews, the next on being in August 2026. The passing rent is £43,500 per annum.
We are advised that the current leaseholder has sub-let both flats on AST’s with a combined rent of £3,920 per calendar month.
PRICE - We are instructed to seek offers over £900,000 for our clients’ valuable reversionary freehold interest, reflecting a yield of 4.83% before purchase costs.
LEGAL COSTS - Each party are to be responsible for their own legal costs incurred.