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Commercial property for sale in Spring Street, Paddington, London

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Commercial property for sale

Property features

Prominent A3 Restaurant.
Busy High Street Location
Recently refurbished throughout.
10 year tenancy from January 2023
Income £50,000 p/a
Rent review in 2026.
Westminster Gen Rates £24,000 p/a
Long Lease of 49 Years.

Property description

Council tax band: E
Tenure years left: 49

Prime location E class premises currently trading as an established restaurant that has been trading for many years.

The premises totals 1987 square feet and occupies the ground and lower ground floors.

The premises has been recently refurbished to a high standard by the new tenants.
Space at the front of the restaurant for further outside seating covered by a full size awning.

This commercial opportunity is being sold with a long remaining lease of 50 years and a 10 year tenancy from January 2023.

Situated in a busy throughfare to Paddington Mainline Station and the new Elizabeth Line with Hyde Park only a few minutes walk.
Other local amenities on the high street include Cafe Nero and lots of Independent and established businesses.

Property info

Energy Performance Certificate (EPC)

Floorplan(s): Floorplan 1

Floorplan 1 View original

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

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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 Astons London, and do not constitute property particulars. Please contact Astons London 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.