Restaurant/cafe for sale in The Mall, London W5

Description:
Kingworths are delighted to present this rare investment opportunity in the heart of Ealing Broadway, consisting of a ground floor freehold commercial property and offices above split over three floors. Ground floor is occupied by Siam Pinto Thai restaurant on a 15 years' lease due to expire in 2027, outside Landlord and Tenant Act 1954 paying an annual rent of £40,000. Offices above are occupied by a specialist school on a 5 years' lease, due to expire in 2028 with 3 years break clause paying £25,000 per annum. Total return is £65,000. There was planning submitted in 2018 (Ref: 180959FUL) for three residential units, 2 x two bedroom and 1 x one bedroom apartments, which was approved but has subsequently expired. There is still scope to redevelop (STPP) and we have been advised planning will be submitted for 5 x large studio flats over the three upper floors.

Location:
The premises are in a prime position on The Mall, Ealing, W5. Located within a one-minute walk to Ealing Broadway Station which is on District, Central and Elizabeth Line (part of Crossrail), proving a busy commuter a quick access into central London and Heathrow. Nearby retailers include Marks and Spencer, Boots and Primark as well as a whole host of well-known banks, bars and restaurants.

Accommodation:
Ground floor commercial & offices above, split over three floors.

Usage:
We believe the premises fall under E class of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020, but applicants are advised to make their own enquiries with London Borough of Ealing council.

Value added tax:
This property has not been elected for Vat.

Legal Costs:
Each party to bear their own legal costs incurred in this transaction.

EPC:
57 The Mall - Energy performance rating of '41 B'
57a The Mall - Energy performance rating of '84 D'

Viewings:
Strictly by an appointment via Kingworths.