Please find enclosed details for our sale at 53 Ledbury Road, Notting Hill, London, W11.
Investment Summary:
* One of London's most affluent neighbourhoods;
* Buoyant Ledbury Road micro-location;
* Attractive period building;
* Held Freehold;
* Located in prime section of Ledbury Road;
* Well configured retail accommodation providing 636 sq ft over ground and basement;
* Let to Maison Lingerie Limited on a 10 year lease expiring March 2027 at £57,500 pa;
* The residential upper parts do not form part of the sale;
* Total income of £57,600 per annum.
Seeking offers in excess of £900,000 (Nine Hundred Thousand Pounds), exclusive of VAT and subject to contract.
A purchase at this level would reflect a net initial yield of 6.06% assuming graduated purchaser's costs of 5.63%.
Location
Internationally recognised as a premier retail, residential and leisure destination, Notting Hill is one of London's most desirable and affluent neighbourhoods.
To the north of the property, Westbourne Grove crosses Portobello Road, which is home to the internationally reowned Portobello Market and attracts some 100,000 visitors per week. To the east is the ongoing urban regeneration areas of Paddington and Baywater centred around the £5bn repositioning of the Paddington Basin. There are additional proposals for major public realm improvements in Queensway, including the ongoing mixed-use transformation of Whiteley's Shopping Centre.
Elsewhere in Notting Hill, Frogmore have undertaken an extensive refurbishment and recladding of their Notting Hill Gate Estate, delivering 62,000 sq ft of new Grade A office accommodation and a new 173-bed Hotel.
Accommodation
The property provides the following approximate floor areas:
Ground Floor - 356 sq ft
Basement - 280 sq ft
Total - 636 sq ft
ITZA - 299 units
Terms
Tenure - The property is held Freehold under Land Registry Title Number BGL6784
Planning - The property is not listed but is located within Pembridge Convervation Area.
EPC - Available upon request.
VAT - The property is not elected for VAT
AML - The successful purchaser will be required to fulfil anti-money laundering requirements in accordance with the Money Laundering Regulations.
Proposal - Seeking offers in excess of £900,000 (Nine Hundred Thousand Pounds), exclusive of VAT and subject to contract.