Virtual Freehold Café Investment for Sale, North Kensington, W10
110b Ladbroke Grove (frontage to Lancaster Road), North Kensington, London, 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.
