Property Description

Interested parties should contact Knight Frank Auctions for further information.W2 London Freehold Close to Edgware Road Underground Station & Paddington Railway Station. Comprises Retail & Residential let at £46,000 per annum (1) Busy Central London LocationThe property comprises a ground floor shop with ancillary basement accommodation. The first, second & third floors comprise 6 bedsits. There is a workshop at the rear.
Accommodation Ground Floor – 70.93 sq m (764 sq ft)
Basement – 16.90 sq m (182 sq ft
First, Second & Third Floors – 6 bedsits
Ground Floor – Workshop (Floor areas provided by VOA & not inspected by Knight Frank)Tenancy Tenancy The entire property is let to an Individual for 20 years from 24th June 2011 at £46,000 per annum. The property is sublet. Rent Review 2022 is outstanding. (1) The Landlord considers the tenant is in breach of the lease by sub-letting without landlord consent. Therefore the landlord is not collecting rent. The matter will remain outstanding. Please note, relating to the 1st, 2nd & 3rd floors the HMO Licence reference number WES-744587509869. The Licence expires 23/12/2025 for further details see westminster.gov.ukLocation Maida Vale is a popular West London suburb, located to the north of Paddington and to the northwest of Marylebone with Regents Park 0.5 miles to the east. The area benefits from good communications with the A5 (Edgware Road) providing links to the North Circular and M1. Edgware Road Underground Stations (Circle, District, Hammersmith & Bakerloo Lines) and London Paddington Railways Station are close by. The property is located on Edgware Road in an established shopping parade between the junctions of Boscobel Street & Church Street. Occupiers close by include Sainsburys, Santander, Ladbrokes, KFC and Domino`s amongst a number of local traders.Note The buyers fee is £1,500 including VATTenure: FreeholdEPC Rating: TBC