Rare Central London Freehold. A1/A2 Retail Unit in NW8 let at £40,000 p.a. with planning permission.

Rare Central London Freehold. A1/A2 Retail Unit in NW8 let at £40,000 p.a. with planning permission.
£795,000FreeholdLondon NW8 8EP
1st April 2019

Description

Description
Charming retail unit split over two floors with amazing rear patio garden. A prominent position on bustling Church Street. Recently renovated with a new kitchen and bathroom facilities.

Let to barbers/lifestyle tenant from March 2018. Term of 7 years Outside the Act. Mutual break at 2 years. Previously let to an Art Gallery. Photos to be updated.

Planning permission received from Westminster Council for erection of single storey rear extension at lower ground floor level. Reference no. 17/06165/FULL. Residential conversion subject to planning.

Church Street is also at the heart of the borough’s ‘Futures Plan’ making it part of an important regeneration scheme.

Accommodation
Ground Floor : 455sq ft / 42.3 sq m
Lower Ground : 705 sq ft / 65.4 sq m
TOTAL : 1,160 sq ft / 107.7 sq m

Tenure
Share of freehold.

Rent
Passing rent of £40,000 p.a.

26 Church St, Marylebone, London NW8 8EP, UK

Map Floor Plans