London W9 1SS
ON THE INSTRUCTIONS OF EXECUTORS
RARE OPPORTUNITY TO ACQUIRE
FREEHOLD RETAIL INVESTMENT WITH
EXTENSIVE VACANT RESIDENTIAL UPPER FLOORS
David Menzies
020 7491 7777
dmenzies@dmaproperty.com
Clifton Road is the principal shopping street, serving the highly affluent area of Maida Vale, containing a number of eclectic retailers. The property is situated directly opposite Pret a Manger and close to Tesco Express, GAIL’s and other retailers.
Ground Floor Shop - 691 sq ft - 64.2 sq m
Basement - 412 sq ft - 38.3 sq m
1st Floor - one room, kitchen & bathroom - 374 sq ft - 34.7 sq m
2nd Floor – one room, bathroom & WC - 366 sq ft - 34.0 sq m
3rd Floor - one room, kitchen bathroom/utility room & WC - 481sqft - 44.7 sq m
The upper floors which are in need of refurbishment are self- contained, and offered with full vacant possession.
The shop and basement are let to Clifton Greens London Ltd for a term to expire 29th September 2029 at a rental of £50,000 per annum exclusive, subject to a rent review effective 29th September 2024, which has not yet been activated. Lessees have recently completed an assignment of the lease. The Company was incorporated in 2012 and also operates an immediately adjoining shop unit. The Landlords are holding a rent deposit of 6 months rental (£25,000).
Offers in excess of £1.65 million are invited for the freehold interest, subject to the tenancy of the ground floor and basement, with full vacant possession of the residential upper floors.
Floor plans are available on request.
A copy of the EPC can be provided on request.
For further information or to arrange an inspection please contact vendors’ sole agents:
DMA - David Menzies
Office - 0207 491 7777
Mobile - 07899 974 572
Email - dmenzies@dmaproperty.com