12 Craven Terrace, London, W2

Investment Consideration:
Gross Initial Yield: 4.48%
Rental Income: £21,500 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop t/a office
Situated within short walk from Hyde Park and Queen`s Gardens, with occupiers nearby include Hotels, Restaurants, Beauty Salon and many more.

Property Description:
Comprises mid-terrace ground floor shop t/a office, providing the following accommodation and dimensions:
Ground Floor: 52 sq m (560 sq ft)
Open plan retail, kitchen, storage, wc

Tenancy:
The property is at present let to Wentworth Law Limited for a term of 10 years from 25th October 2017 at a current rent of £21,500 per annum and the lease contains full repairing and insuring covenants. Break clause in 2022 not exercised.

Tenure:
Long Leasehold. Held on a 999 Year lease from 15th January 1999 at a ground rent of peppercorn.

Location:
Lancaster Gate Underground station (Central Line) is situated 5 min walk to the south-east. Paddington Rail and Underground station (District and Circle Line) is 0.3 miles to the north-east. The A40 is located 0.8 miles to the north, providing access into Central London and to the West. The property is situated within the Bayswater Conservation Area, with occupiers nearby include Hotels, Restaurants, Beauty Salon and many more. Hyde Park and Queen`s Gardens are also situated within a short walk from the property.