Freehold blue-chip convenience store investment in North Kensington, London.
Recently refurbished, landmark corner property with a large frontage on North Pole Road.
The ground floor interest in this property is held as a freehold investment whilst the 5 residential flats on the first and second floors above have been sold off on leases with 100 years remaining and the benefit of the air space.
Ground floor comprises of 2,383 sq ft and 1,370 sq ft of Basement. Total internal area of 3,753 sq ft.
Let to Tesco Stores Ltd for 20 years from September 2012 for £97,762.55 per annum. Break option on 2nd September 2027 and 5 yearly rent reviews linked to RPI, collared and capped at 0% and 4% p.a. respectively.
North Kensington is located about 6 miles west of Central London, 1.5 miles north-west of Notting Hill and 2.5 miles west of Kilburn in this densely populated and popular residential suburb.
The area has excellent road communications with the A40 Westway immediately to the south, providing access to Central London to the east and Uxbridge and the M25 to the west.
In addition there are London Underground Stations nearby at Ladbroke Grove, White City and Latimer Road.
The property is situated on the north side of North Pole Road, at its junction with Brewster Gardens.
Nearby occupiers include Costcutter, William Hill, a Post Office and a number of local traders.
Prideview Group has been at the forefront of commercial property investment services since 1985. For more than 35 years, we’ve been the premier choice for clients seeking expertise on the Acquisition, Management and Sale of quality commercial
Prideview Group has been at the forefront of commercial property investment services since 1985.