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Property details
Map & nearby

Retail premises for sale in Portobello Road, London

Investment

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Retail premises for sale

1,000 sq. ft*

Property features

Commercial income-producing investment with 20+ years to go
Current rent reserved at £65,000 pa, next review 2025
Well know and established trading location

Property description

Investment opportunity benefitting from 20+ years worth rental income from ground floor commercial premises. The commercial space is well-established hot food stalwart on Portobello Road; operating via numerous names and guises as a specialist vegan and vegetarian food provider with a history stretching back to 1987.

Let to Portobello Health Foods Limited (11729708) on an Fri Lease within the Landlord & Tenant Act 1954, which commenced on 15/1/21 and was granted for a 25 year term. The Lease is due to terminate on 14th January 2045 and the passing rent is £65,000 per annum
With a review on 23rd April 2025 and every 5th anniversary thereafter.

Nb - We recommend purchasers verify the rates with the Royal Borough of Kensington & Chelsea's Business Rates Department

Ground Retail Zone B 158
Ground Kitchen 301
Ground Storage 247
Ground Retail Zone A 194

Contact Barney Estates & Auctioneers for further details

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Barney Estates and Auctioneers, and do not constitute property particulars. Please contact Barney Estates and Auctioneers 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.