BASEMENT & GROUND FLOOR COMMERCIAL UNITED IN MAIDA VALE

Opportunity to acquire Freehold Investment property in the Maida Vale area. Passing rent just under £70,000 per annum!

The premises benefits from basement & ground floor commercial unit, currently running as Post Office but soon to be vacated. The upper parts are split over first and second floor and comprise of 2 x 2 bedroom flats, both in excellent condition and subject to ASTs.
Current rents:
Shop (including basement): £20,000 per annum.
Flat 1 (First floor): £24,000 per annum.
Flat 2 (2nd floor): £25,200 per annum.

The property is situated on Malvern Road with good access to local shops and an array of amenities, including the open space of Paddington Recreation Ground and a great choice of transport links are provided by Maida Vale underground station (Bakerloo line) and Queen’s Park rail station, as well as 24 hour bus services. Easy access to A404 (Harrow Road) and A40 (Westway).

INFORMATION.
TENURE: FREEHOLD.
PRICE: £1,300,000.
LOCAL AUTHORITY: London Borough of Brent.

Phoenix Estates have not tested any apparatus, equipment, fitting or services and cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor.

Measurements are correct to within +/- 6 inches.

None of these statements contained in these particulars as to this or any of our properties are to relied upon as a statement of representation of fact.