547 Harrow Road Kensal Green London W10 4RH

547 Harrow Road
Kensal Green
London
W10 4RH

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
Auction Venue
Live Streamed Auction

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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

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.