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Virtual Freehold Café Investment for Sale, North Kensington, W10

110b Ladbroke Grove (frontage to Lancaster Road), North Kensington, London, W10

Sold
Virtual Freehold Café Investment for Sale, North Kensington, W10

Location

The property occupies a busy location at the junction of Lancaster Road and Ladbroke Grove, close to Barclays Bank, Café Nero and Sainsburys. Lancaster Road is the main route from Ladbroke Grove underground station to Portobello Road and thus benefits from footfall at the weekends associated with the world famous market. Please see location map below:- View map - cafe for sale, North Kensington.

Accommodation

The premises is a ground floor and basement deli/coffee shop, with a forecourt trading area.

Ground floor sales area 135 sq ft 12.5 sq m
Rear preparation area 56 sq ft 5.2 sq m
Basement prep/stores 146 sq ft 13.6 sq m
     
Total Retail 337 sq ft 31.3 sq m

Externally: Front forecourt
Plus large unused vault (unseen)

Tenure

Held under a lease with a term of 999 years from 24/6/97 at a rent of one carnation.

Tenancy

Let to Mr H Aycar for a term of 20 years from 12/8/11 at a rent of £20,000 per annum (subject to five yearly reviews). Full repairing and insuring terms, subject to Schedule of Original Condition.

VAT

Will not apply

Terms

An offer of £300,000 is sought, to show an initial yield of 6.36% after deducting purchase costs at 4.8%.

Viewing

Strictly by appointment with sole agents, as below.

Contact

Jeremy Barnard or Alan Bateman
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Email: ab@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.

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JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
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