Commercial property for sale in Great Western Road, London W9
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Property description
This mixed use, freehold building consisting of a commercial unit on the ground floor as well as 3 long lease residential apartments is being offered to the market chain free. The freehold benefits from the rental income from the commercial unit, currently let out to Tops Pizza on a long lease of 24 years from 2008. Offering a solid investment in a growing area, this is a unique opportunity to get in on the ground floor of a developing neighbourhood just across the canal from Portobello Road. Early viewings are strongly recommended.
Location
Situated conveniently within easy reach of local amenities, parks, restaurants, pubs, and only a short walk to transport links at Westbourne Park (Hammersmith & City line) and Maida Vale (Bakerloo line) Underground stations.
Description
This mixed use, freehold building consisting of a commercial unit on the ground floor as well as 3 long lease residential apartments is being offered to the market chain free. The freehold benefits from the rental income from the commercial unit, currently let out to Tops Pizza on a long lease of 24 years from 2008. Offering a solid investment in a growing area, this is a unique opportunity to get in on the ground floor of a developing neighbourhood just across the canal from Portobello Road. Early viewings are strongly recommended.
Accommodation
Tenancy
The ground floor commercial unit is let to Tops Pizza for a term of 24 years from 24th September 2008 at a rent of £22,000 per annum which has increased £24,000 p/a. Next review is 24/09/2024 at £27000 per annum, 24/09/25 at £30,000 per annum and for the remainder of the term £33,000
Thus producing a current total income of £24,000 per annum
The flats each pay a ground rent of £10 p/a as well as contributions towards the service charges and building insurance.
For more information about this property, please contact
Westways, W9 on +44 20 3463 2690 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Westways, and do not constitute property particulars. Please contact Westways for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.