No longer on the market
This property is no longer on the market
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Features and description
- Commercial opportunity: Ground floor retail unit in period house on Moreton Street SW1 V.
- Seamlessly blends residential charm and commercial vibrancy.
- Elegant entrance with deep bay window and abundant natural light.
- Interior features high ceilings.
- Railed front area enhances curbside appeal.
- WC/cloakroom and well-designed kitchen area.
- Proximity to Pimlico and Victoria stations for easy access.
This is a fantastic opportunity to invest in the long leasehold of a retail unit providing a gross rental yield just below 6.8% per annum.
The ground floor retail unit is occupied by a thriving artisan bakery business, The Little Bread Pedlar, on a lease at a rent of £21,600 per annum exclusive for a term of 7 years from April 2024 outside the Landlord and Tenant Act 1954.
The approximate net internal area is 381 sq ft
The property is situated in the prestigious Moreton Triangle in Pimlico, within the City of Westminster, a densely populated and affluent area.
Moreton Street is strategically located in the proximity of key transport hubs, with Pimlico tube station a mere two-minute stroll away, and the bustling Victoria station within easy reach.
• Prime retail accommodation on the ground floor with an approx. internal area of 381 sq ft
• Rented to The Little Bread Pedlar for 7 years from 2024 inside the Landlord and Tenant Act 1954
• Total retail rental income of £21,600 per annum
• Ground Rent £200
• Insurance contribution approx. £281 per annum
• Leasehold with over 105 years remaining (125 years from 21/07/2004)
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