Freehold London Retail and Residential Ground Rent Investment
Shop trading as Timgad Cafe
Lease expires in April 2027
Full rent paid during lockdown
Residential upper parts let on long lease
Close to Kensal Green Overground and Underground (Bakerloo Line) Station on busy Harrow Road
VAT-free London investment
Lot 3
Auction 25th March 2021
Rent £17,500 per Annum Exclusive
Status Sold
Price £232,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles north-west of Central London
Roads
A450 (Ladbroke Grove), A40 (Westway)
Rail
Kensal Green (Overground & Bakerloo lines)
Air
London Heathrow
Situation
The property is located in the affluent and fashionable West London suburb of Kensal Green, in the borough of Westminster, approximately one mile north of Notting Hill. The property is situated on the south side of Harrow Road, close to its junction with Ladbroke Grove, in a prominent and attractive location, fronting The Grand Union Canal, and less than half a mile from Kensal Green Station (Overground and Bakerloo lines). Nearby occupiers on the same parade include various independent shops and cafe's.
Tenure
Freehold.
Location
Miles
4 miles north-west of Central London
Roads
A450 (Ladbroke Grove), A40 (Westway)
Rail
Kensal Green (Overground & Bakerloo lines)
Air
London Heathrow
Situation
The property is located in the affluent and fashionable West London suburb of Kensal Green, in the borough of Westminster, approximately one mile north of Notting Hill. The property is situated on the south side of Harrow Road, close to its junction with Ladbroke Grove, in a prominent and attractive location, fronting The Grand Union Canal, and less than half a mile from Kensal Green Station (Overground and Bakerloo lines). Nearby occupiers on the same parade include various independent shops and cafe's.
Tenure
Freehold.
Description
The property comprises a three storey mid-terrace building, arranged as a ground floor caf with rear yard and a self-contained maisonette above, which has been let on a long lease.
VAT
VAT is not applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Description
The property comprises a three storey mid-terrace building, arranged as a ground floor caf with rear yard and a self-contained maisonette above, which has been let on a long lease.
VAT
VAT is not applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Ground
Retail/Café Rear Yard
55.38 sq m 32.05 sq m
(596 sq ft) (345 sq ft)
S. AIDER (t/a Timgad Cafe)
12 years from 16/04/2015 until 15/04/2027
£17,500
16/04/2023
First/Second
Residential
-
(-)
189 from 25/03/1983 until 24/03/2172
Peppercorn
25/03/2049 and 33 yearly thereafter
Total Commercial Area
87.43 sq m
(941 sq ft)
£17,500
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
