Great Western Road, Maida Vale W9

This mixed use, freehold building consisting of a commercial unit on the ground floor as well as 3 long lease residential apartments is being offered to the market chain free. The freehold benefits from the rental income from the commercial unit, currently let out to Tops Pizza on a long lease of 24 years from 2008. Offering a solid investment in a growing area, this is a unique opportunity to get in on the ground floor of a developing neighbourhood just across the canal from Portobello Road. Early viewings are strongly recommended.

LOCATION
Situated conveniently within easy reach of local amenities, parks, restaurants, pubs, and only a short walk to transport links at Westbourne Park (Hammersmith & City line) and Maida Vale (Bakerloo line) Underground stations.

DESCRIPTION
This mixed use, freehold building consisting of a commercial unit on the ground floor as well as 3 long lease residential apartments is being offered to the market chain free. The freehold benefits from the rental income from the commercial unit, currently let out to Tops Pizza on a long lease of 24 years from 2008. Offering a solid investment in a growing area, this is a unique opportunity to get in on the ground floor of a developing neighbourhood just across the canal from Portobello Road. Early viewings are strongly recommended.

ACCOMMODATION
Tenancy

The ground floor commercial unit is let to Tops Pizza for a term of 24 years from 24th September 2008 at a rent of £22,000 per annum which has increased £24,000 p/a. Next review is 24/09/2024 at £27000 per annum, 24/09/25 at £30,000 per annum and for the remainder of the term £33,000

Thus producing a current total income of £24,000 per annum

The flats each pay a ground rent of £10 p/a as well as contributions towards the service charges and building insurance.