Sold £330,000
- Restaurant
- Tenure: Part Freehold, Part 999 Year Long Leasehold - Please refer to the legal pack for further information.
Call the team on 020 7625 9007 for more information
A Ground Floor Double Fronted Retail Unit Subject to a Lease Producing £28,500 Per Annum
The property comprises a ground floor double fronted retail unit situated within a corner building arranged over ground and two upper floors.
Tenure
Part Freehold, Part 999 Year Long Leasehold - Please refer to the legal pack for further information.
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Paddington Recreation Ground are within easy reach. Transport links are provided by Queen's Park underground station (Bakerloo line) and overground station.
Accommodation
Ground Floor Restaurant Area G.I.A. Approximately 844 sq ft
Tenancy
The property is subject to an FRI lease for a term of 15 years expiring 15th November 2031 at a rent of £28,500 per annum. Let to a long term occupier for over 10 years. Rent review in 2026.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
