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22 All Saints Road, Notting Hill, London, W11 1HG
1,113 Sq Ft / Retail / General Retail
Withdrawn - Last updated: 29 August 2023
Summary
The Freehold Commercial (E CLASS) Vacant Investment Opportunity just off Portobello Road has a retail unit arranged over two superbly proportioned floors, hewn from a magnificent and striking flat fronted period building blessed with an abundance of period features. The ground floor, presented in an open configuration, enjoys spectacular ceiling heights and exposed brickwork with excellent road frontage and a rear kitchen area. There is a large sash window that enjoys views across the private garden. To the basement level, there is a further open-plan retail space with washroom to the rear and steps up to a large, fully enclosed private patio. The property is currently utilised as an upholsterers and presents itself as a ‘blank canvass’ for a future business to establish roots along this highly desirable and exclusive retail destination.
The residential upper floors are divided into two flats – both sold off on long leases for a term of 200 years from 2018 with a peppercorn ground rent.
Key Points
Striking ground and basement commercial unit.Retail ERV £55,000 with ground rent and lease extension value.Residential development potential (STP).Located close to popular Portobello Road and amenities.Flexible E Class.Location
The mid terrace property is located on the east side of All Saints Road. Nearby operators include Mam, Firezza, Conscience Kitchen, The Little Yellow Door bar and restaurant which is open until late, critically acclaimed Seven Saints restaurant and (from the same team) the just-opened relaunched Pelican Pub.
At the fine dining end of the scale the world-famous The Ledbury restaurant and Caractère are both a short walk away.Terms
PRICE: £995,000.
TENURE: FREEHOLD.
RATEABLE VALUE: £19,000 per annum.
RETAIL PREMISES: (USE CLASS E): 1,113 Sq Ft / 103.4 Sq M.
LOCAL AUTHORITY: Royal Borough of Kensington & Chelsea.
VAT: TBC.
POSSESSION: Full vacant possession immediately on possession of legal formalities.
LEGAL COSTS: Each party is to pay their own legal costs.
VIEWINGS: Strictly by appointment with Sole Agents Winkworth Commercial.
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