Harrow Road, Maida Vale, W9
This mixed use freehold building, consisting of a ground floor, basement, and rear studio office space as well as 2 residential units is being offered to the sales market chain free. Arranged over 4 floors in a Victorian terrace, this well-established property benefits from a recent refurbishment of the residential areas and offers a solid investment in a busy, growing area. Benefitting from lapsed planning permission as well, early viewings are strongly recommended.
LOCATION
Located on the Harrow Road between Notting Hill, Maida Vale and Little Venice, the building is centrally situated. With Royal Oak, Westbourne Park and Paddington Stations all a short walk away, both the commercial and residential units benefit from excellent transport links to all of London and beyond. Portobello Road, St. Johns Wood and even Hyde Park are all nearby, providing an excellent draw to the area for both passing trade and a growing desire for residential property in the area.
DESCRIPTION
This mixed use freehold building, consisting of a ground floor, basement, and rear studio office space as well as 2 residential units is being offered to the sales market chain free. Arranged over 4 floors in a Victorian terrace, this well-established property benefits from a recent refurbishment of the residential areas and offers a solid investment in a busy, growing area. Benefitting from lapsed planning permission as well, early viewings are strongly recommended.
ACCOMMODATION
The commercial unit is currently let out to a solicitor’s firm which also occupies a space in the building next door under a rolling 6 month notice periodical lease. The bright large windows ensure that this flexible use space has maximum impact on passing trade as well as offering an open space from which to operate a variety of businesses.
The two residential units are split into a first floor 1 bed and a split level top floor two bed. Both units have been consistently rented out with almost no void periods since 2014 and have shown steady rental growth in line with the area over this time. Both flats are currently rented out to fully vetted long term AST tenants.
There is lapsed planning permission on the property for both a full roof extension for another floor and for a rear ground floor extension to join the workshop and office space.
AMENITIES
The total floor space (not including communal common parts) is approximately 223.4 m2
Total commercial space: 129.5 m2 split into two units (not including vaults storage space)
Total Residential space: 93.9 m2 split into two units
