269a, Portobello Road, London, W11 1LR
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Read more Read moreLong Leasehold Investment. One of London’s Most Famous Locations Rent Reserved £65,000 per annum Location: The property is located in the heart of this famous London location within a busy retail parade almo0st directly opposite Tavistock Road. The location is famous for its street market and is a vibrant location serving not only a local resident catchment but benefits from many tourist visitors throughout the year. The underground station at Ladbroke Grove is within approximately five minutes’ walk of the property. Description: Forming part of this mid terrace building the property comprises this ground floor restaurant premises. It is an established outlet that dates back to the mid 1980’s and is currently trading as Portobello Health Foods. Accommodation: Retail Zone A: 18.06 sq.m (194 sq ft) Retail Zone B: 14.67 sq.m (157 sq ft) Kitchen: 27.95 sq.m (300 sq ft) Store: 23.0 sq.m (247 sq ft) Total Internal Area: 83.68 sq.m (900 sq ft) Tenancy: The property is let to Portobello Health Foods Limited (company number 11729708 – incorporated December 2018) on a lease outside the Landlord and Tenant Act 1954 for a term, of 25 years from 15th January 2021. The lease provides for an upward only rent review on 23rd April 2025 with rent reviews every 5th anniversary thereafter. Rent Reserved: £65,000 per annum – rent review due April 2025 Tenure: To be sold on a new lease. For full lease details please refer to the auctioneers.
