Available
London W14 – Supermarket
143-145 North End Road, West Kensington, London W14 9NHVirtual Freehold Retail Investment
Price
£900,000
Rent P.A.
£48,000
Yield
5.33%
Tenure
Leasehold
Lease Term
12 Years
Years Left on Lease
7y 7m
Area
1,720 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Let until December 2033. No breaks. Rent review in January 2030.
- Comprises double fronted retail premises t/a Supermarket with ancillary at basement
- Situated within 1 min walk from West Kensington Underground Station (District Line)
- Occupiers nearby include Sainsbury`s Local, Premier, Café, Restaurants, Dental Practice, Convenience Store and Hardware store, amongst many more local retailers.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises double fronted commercial premise t/a Supermarket, with ancillary at basement including commercial kitchen and storage. The property provides the following accommodation and dimensions:
Ground Floor: 80 sq m (860 sq ft)
Open plan retail, storage
Basement: 80 sq m (860 sq ft)
Open plan commercial kitchen, storage, wc
Total GIA: 160 sq m (1,720 sq ft)
Ground Floor: 80 sq m (860 sq ft)
Open plan retail, storage
Basement: 80 sq m (860 sq ft)
Open plan commercial kitchen, storage, wc
Total GIA: 160 sq m (1,720 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 12 Years from 1st January 2022 at a current rent of £48,000 p.a. and the lease contains full repairing and insuring covenants. Rent review every 4th year open market upward only. Rent review from 2026 outstanding. No breaks.
Tenure:
Long leasehold. Held on a 999 Year lease from 29th December 1997 at a ground rent of peppercorn.
Tenure:
Long leasehold. Held on a 999 Year lease from 29th December 1997 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
The property is situated on the east side of North End Road, between its junctions with Gunterstone Road. North End Road offers a good range of local shops within walking distance. West Kensington Underground Station (District Line) is about one minute's walk to the south. West Cromwell Road (A4) is within a minute's drive to the north and provides access to the North Circular Road (A406) and the M4 motorway to the west. It also links to Knightsbridge and Belgravia to the east. Holland Park is around a mile to the north and Hyde Park is about 2.2 miles to the north east. Occupiers nearby include Sainsbury`s Local, Café, Restaurants, Dental Practice, Convenience Store and many more.











