9 Lauderdale Parade, Maida Vale, London, W9 1LU
771 Sq Ft / Retail / General Retail
For Sale
- £395,000.00
Under Offer - Last updated: 26 March 2024
Summary
Rarely available freehold retail investment for sale. The property is arranged over three floors, situated in a popular retail parade in Maida Vale.
The ground floor shop is let to a local construction company, Beattie Building Construction Limited, on a lease expiring in September 2033. Current passing rent of £25,000 per annum, with a mutual break clause on the 30th of September 2025 subject to 6 months prior notice . The lease benefits from a rent review in September 2025 and a personal guarantee.
The residential upper parts, 68a and 68b Castellain Road, have been sold off on 150 year long leaseholds from 25/12/1986 each producing £300 per annum.
Key Points
Rarely available freehold retail investmentGround floor shop let at £25,000 pa until September 2034 with a mutual break on the 30th September 2025Rent Reviews: 30 September 2025, 2029, 2033Two flats above sold on 150 year leases from 1986 (113 years unexpired) each producing £300 per annumTotal rents of £25,600 per annum.Very popular local parade of shops in Maida Vale
Viewings
By appointment with the Vendor's sole agents, Dutch & Dutch.
Location
The freehold is perfectly positioned moments from Paddington Recreation Ground and a short walk to a number of cafés, restaurants and boutique shops with the closest Underground stations being Warwick Avenue and Maida Vale (both Bakerloo Line).
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£395,000.00
| NA |
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