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Portobello Road, Notting Hill, London, W11

Commercial Property in Notting Hill

£765,000

  • Floorplan

PICTURES AND VIDEOS

KEY FEATURES

  • FOR SALE: Prime long income investment opportunity available along the world famous Portobello Road, W11.

Description

FOR SALE: Prime long income investment opportunity available along the world famous Portobello Road, W11.

The property is let currently to an established and successful health food operator. (Portobello Health Foods Ltd) by virtue of a 25-year lease contracted inside of the LTA 1954 Act. The rent passing is £65,000 with an upcoming rent review (April 25) establishing a reversionary pattern for the property. The accommodation is arranged over the ground level exclusively and provides a popular eating destination for the global trade of passing tourists. The unit is set out in a café style with all the required amenities in place.

Location

Portobello Road enjoys an exceptionally heavy flow of foot traffic given its notoriety as one of London’s most desirable and visited tourist hotspots. Vacancy rates on Portobello Road are some of the lowest across the capital, rates quickly recovered following the passing of the global pandemic. Traders' revenue quickly returned to normal levels and the ‘strip’ has retained its allure to locals and tourists further cementing its reputation as one of London’s greatest tourist attractions.

The property is superbly located for London’s Underground Network (Central Line, Circle Line & Hammersmith & City), being approximately all within 0.5 miles away. The property also provides easy access to all the shops, bars and restaurants of Portobello Road, Kensington High Street and Westbourne Grove.
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