Retail property (high street)
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Please find enclosed details for our sale at 53 Ledbury Road, Notting Hill, London, W11.
Investment Summary:
* One of London's most affluent neighbourhoods;
* Buoyant Ledbury Road micro-location;
* Attractive period building;
* Held Freehold;
* Located in prime section of Ledbury Road;
* Well configured retail accommodation providing 636 sq ft over ground and basement;
* Let to Maison Lingerie Limited on a 10 year lease expiring March 2027 at £57,500 pa;
* The residential upper parts do not form part of the sale;
* Total income of £57,600 per annum.
Seeking offers in excess of £900,000 (Nine Hundred Thousand Pounds), exclusive of VAT and subject to contract.
A purchase at this level would reflect a net initial yield of 6.06% assuming graduated purchaser's costs of 5.63%.
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