Property photos
Guide price
£500,000
Property for sale
Great Western Road, London W9Local area information
Property location
Nearby amenities
- Queen Elizabeth II Jubilee School (SEN) 0.1 miles
- St Peter's CofE School 0.2 miles
- Westbourne Park 0.2 miles
- Ladbroke Grove 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Maida Vale to find out more about the local area.
Features and 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.
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.
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.
More information
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