Investment Properties: Harrow Road, Maida Vale, London, W9


Harrow Road, Maida Vale, London, W9

£5,000,000 Subject To Contract

A brand newly developed (works completed August 2016) mixed use block comprising Retail, Leisure and Residential Uses

Ideally located on Harrow Road and well placed to benefit from local amenities and nearby Transport hubs including Westbourne Park, Maida Vale and Ladbroke Grove Stations

Currently Arranged as:

o   Basement – Leisure (Under Offer)

o   Ground – Retail/Coffee House

o   First to Third - Residential

Offered with full vacant possession with the exception of the Ground Floor unit which is let to Coffee Kahawa Ltd t/a Costa Coffee on a new 15 year lease (break at year 10) at a passing rent of £55,000pa

The NET floor areas are arranged as follows:

o   Leisure (Basement)        1,640ft2

o   Retail (Ground)              1,418ft2

o   Residential (1st-3rd)         4,018ft2

o   Total                               7,076ft2

The vendor is prepared to offer a rental top up for 12 months on the currently vacant Leisure (£35,000pa) and Residential (£150,000pa) demises.

Total ERV - £240,000pa