Retail premises for sale in 2 Lauderdale Parade, Lauderdale Road, London W9

Key Points

Description

Rarely available freehold retail investment for sale. The ground floor and basement are let to Peter Colman and Juliet Colman trading as La Cochennet a well established Italian Bistrot and Gourmet Pizzeria on a lease for a term expiring 17th January 2042.There are rent reviews every 5 years the next review is 1st July 2024 no rent review notices have been served.

The current rent is £21,600 per annum exclusive of rates. There are Tenant only break clauses every 5 years of the term subject to 6 months prior written notice.

1 and 2 Lauderdale Parade are connected and in No 2 a toilet block has been constructed by the Tenants ( with Landlords consent ) with access from No 1. To serve both properties. The Tenants are also the owners of the Freehold of No 1 Lauderdale.

Nb on the title it shows that there is an additional address 82 Castellain Road W9 1EX. The title number is NGL410054 which relates to the residential accommodation above. The first and second floor maisonette, together with the third floor loft space (registered as 82 Castellain Road W9 1EX) has been sold on a long lease of 224 Years from the 25th of December 1982.

Location

The building 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). In the heart of this exclusive residential area.

Viewings

Via arrangement with the sole agents Dutch & Dutch.

Availability_Text

The accommodation comprises the following areas: