Property description

This is a fantastic opportunity to acquire retail unit on Marylands Road. The unit is in prestigious area moments away from Harrow Road. It consists of ground floor and basement. The unit is close to St Peters Church of England Primary School and Paddington Academy School. We have been advised by our client that the monthly income is £6,000 – £7,000. This unit presents excellent opportunity for various A1 retailers.

Maida Vale and Warwick Avenue stations are (Bakerloo line) 0.8 miles away form the unit. The area is well served by local buses and easily accessible by car via A404.

Accommodation
Ground floor 1:
Width/Frontage: 17” approx
Depth: 10“approx
Ground floor 1 size: 170sqft approx

Ground floor 2:
Width/Frontage: 17” approx
Depth: 42“approx
Ground floor 2 size: 715sqft approx

Basement:
Width/Frontage: 12” approx
Depth: 39“approx
Basement size: 470sqft approx

Total accommodation size: 1,355sqft approx

Lease Term/Commencement
Our client wishes to assign the 12 years lease which has 7 years remaining.

Rent
£15,000 per annum.

Premium
£30,000

Legal Fees/Cost
Each party is to bear their own legal cost.

VAT
This property is not elected for VAT.

Rates
We have been advised by our client that the business rates are £6,600 per annum. However, all Interested parties are encouraged to make their own enquiries with London Borough of Westminster.

Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
      
Disclaimer
Ranson their clients and any joint agents give notice that:
1.They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
 
2.Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Property Features :

• Prestigious residential area
• Ground floor/basement
• Minutes from Harrow Road
• Over 1,000sqft