Well Let Shop Investment for Sale, Notting Hill, W11
999 year lease plus share of freehold | Vat Free | Seven Years Unexpired
Ground Floor & Basement, 41 Ledbury Road, Notting Hill, London W11
Situation & Location
The property is situated in the northern section of Ledbury Road, close to the junction with Chepstow Villas. Other retailers located in this section of Ledbury Road include Sweaty Betty, David Clulow, Aimé and Blink Brow Bar. Westbourne Grove and Ledbury Road combine to form the core, upmarket retail and hospitality zone of Notting Hill.
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Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:- Ground Floor Sales 546 sq ft (ZA 377 ZB 106 Rear Sales 63); Basement Ancillary 476 sq ft
Tenure
999 year lease at a peppercorn, plus share of freehold management co.
Rent
£77,500 pa, subject to upward only review in October 2026.
Lease
Let for 15 years expiring 2.10.2031 on effectively full repairing and insuring terms.
Tenant
Let to Hari & Friends Ltd, trading as Hari’s Salon, a hairdressing and beauty business established in 1977 and currently operating from five locations, successfully trading at this property since 2016 https://harissalon.com.
Guide Price
One million and forty thousand pounds (£1,040,000) to offer a net initial yield of 7.04% after costs of purchase at 5.8%.
EPC
EPC (Band D) expired – new EPC in preparation.
VAT
Will not apply.
Legal Expenses
Each party to bear their own.
Contact
Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.
