Shirland Road, Maida Vale, London, W9

For Sale: Superb Freehold retail space investment with striking glazed frontage and secure tenant until 2027 in the heart of Maida Vale.

This is a superb Freehold Commercial Investment in the heart of Maida Vale that enjoy secure income from an established tenant and has the benefit of Ground Rent and potential Reversionary Income from the basement flat.

The property is well located with a striking glazed frontage and self-contained wash room facilities. The terms of the Commercial Lease are as follows:-

• A 15 year term from 5th April 2012 thereby expiring on 4th April 2027.
• There is no break option to either Landlord or Tenant for the remainder of the term.
• The Lease is inside the Landlord & Tenant Act 1954.
• Rent is payable quarterly in advance.

The Freehold also benefits from a Ground Rent income in relation to the 3 residential apartments, all of which are sold off on leases. Recently 2 of these have enjoyed lease extensions with the basement property potentially generating additional reversionary income at a date in the future. Please note that there is Ground Rent Income for each unit as follows:-

1st 33 years - £150 p/a
2nd 33 years - £300 p/a
3rd 33 years - £600 p/a/

We await confirmation as to whether the two recently extended leases have adjusted their Ground Rent obligations.

Maida Vale offers excellent transport links, primarily through the Bakerloo line and local buses. The area boasts two tube stations, Maida Vale and Warwick Avenue, both on the Bakerloo line, which provide quick access to Paddington and Oxford Circus. Several bus routes also serve the area, including 24-hour and night bus services. The PTAL Rating is 4.