North Pole Road, London, W10
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- Mixed Use Investment located in North Kensington
- Prominent corner building with ground floor/basement retail unit and 3 self contained flats all let
- Vacant ground floor office with planning permission to convert to 1 bed studio flat
- current rent received £98,252 pa - scope to increase to £126,252
Description
The Subject Property is located in North Kensington around 6 miles west of Central London, 1.5 miles north west of Notting Hill and 2.5 miles west of Kilburn in a densely populated and popular residential suburb.
Nearby underground stations include Ladbroke Grove, White City and Latimer Road.
Description
The Subject Property comprises a corner building that provides a self-contained retail unit on the ground floor and basement.
A separate doorway directly off North Pole Road provides a communal access to 3 self-contained flats, one being a one-bed studio, the other being a two-bed flat with bathroom, and the other being a two-bed flat with two en suites and separate WC.
To the rear of the ground floor shop is a former office that is in the process of being converted to a one-bed studio flat.
Tenancies
Ground Floor and Basement - let on an effective FRI (via service charge) lease until November 2033 (no breaks) at a current rent of £17,000 per annum with 4 yearly upward only rent reviews. The 2021 and 2025 reviews remain outstanding
Flat 1 - let on a 3 year tenancy from June 2025 at an annual rent of £24,000
Flat 2 - let on a 3 year tenancy from April 2025 at an annual rent of £27,300
Flat 3 - let on a 3 year tenancy from April 2025 at an annual rent of £29,952
Flat 4 - former office being converted into a 1 bed studio flat. Likely ERV when completed £25,000
Once the ground floor studio flat is completed, the total rent receivable will be £123,252 per annum, with scope to increase the rent on the ground floor and basement by agreeing the two outstanding rent reviews
North Pole Road, London, W10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- White City Station0.5 miles
- Latimer Road Station0.6 miles
- Wood Lane Station0.7 miles
Notes
Disclaimer - Property reference nbpole. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Raeburn Consulting, Derby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.