Retail premises for sale in Westbourne Grove, London W11

The property comprises an attractive ground and lower ground floor retail unit and sits in a prominent south facing position on the favoured north side of Westbourne Grove close to the junction with Colville Road. This is considered to be the 100% prime pitch for Westbourne Grove with Portobello Road only 150m further west.

The property is let to Young ldn Ltd, on a full repairing and insuring lease, for a term of 9 years and 6 months from 17th July 2018 (4.3 years unexpired). The current rent is £190,000 per annum. The tenant did not serve their July 2023 break option.

By way of additional security, the lease includes a provision of a personal guarantor and a £114,000 rent deposit is held.

The upper parts, which do not form part of the sale, are sold off by way of a long leasehold to a private individual for a term of 125 years from 25th March 2003 and produce a ground rent of £500 per annum.

The total income for the property is £190,500 per annum.