2 Lauderdale Parade, Lauderdale Road, London, W9 1LU
£384.99 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,026 sq ft
95 sq m
- SECTOR
High street retail property for sale
Key features
- Rare Freehold Retail Investment
- Ground floor restaurant let at £21,600 per annum expiring January 2042
- Flat above has been sold off on a long lease of 224 years from 25th December 1982
- In the heart of Maida Vales most sought after roads
- Rent Review due 1st July 2024
- Outside terrace seating to the front
Description
Rarely available freehold retail investment for sale. The ground floor and basement are let to Peter Colman and Juliet Colman trading as La Cochennet a well established Italian Bistrot and Gourmet Pizzeria on a lease for a term expiring 17th January 2042.There are rent reviews every 5 years the next review is 1st July 2024 no rent review notices have been served.
The current rent is £21,600 per annum exclusive of rates. There are Tenant only break clauses every 5 years of the term subject to 6 months prior written notice.
1 and 2 Lauderdale Parade are connected and in No 2 a toilet block has been constructed by the Tenants ( with Landlords consent ) with access from No 1. to serve both properties. The Tenants are also the owners of the Freehold of No 1 Lauderdale.
NB on the title it shows that there is an additional address 82 Castellain Road W9 1EX. The title number is NGL410054 which relates to the residential accommodation above. The first and second floor maisonette, together with the third floor loft space (registered as 82 Castellain Road W9 1EX) has been sold on a long lease of 224 Years from the 25th of December 1982.
Location
The building is perfectly positioned moments from Paddington Recreation Ground and a short walk to a number of cafés, restaurants and boutique shops with the closest Underground stations being Warwick Avenue and Maida Vale (both Bakerloo Line). In the heart of this exclusive residential area.
Viewings
Via arrangement with the sole agents Dutch & Dutch.
Availability_text
The accommodation comprises the following areas:
Brochures
2 Lauderdale Parade, Lauderdale Road, London, W9 1LU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Maida Vale Station0.2 miles
- Warwick Avenue Station0.4 miles
- Kilburn Park Station0.6 miles
About Dutch & Dutch, Commercial
174 West End Lane, London, NW6 1SW
“Although a difficult climate the team at Dutch & Dutch were always patient, polite and tenacious”
COMMERCIAL PROPERTY EXPERTS
In the past year we have acted on the sale and letting of over 500,000 ft2 of office, industrial, retail and leisure space. We have also sold over £70m worth of investment and development opportunities in and around north-west London. From Brent to Barnet and Camden to Westminster, our finger is on the pulse of the local market for commercial
Notes
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