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Available
£3,250,000 (Subject to Contract and Exclusive VAT)
Notting hill has a rich and infamous history spanning several centuries. The area is internationally recognised as a premier retail, residential and leisure destination and is one of London’s most desirable and affluent neighbourhoods. Notting Hill is renowned for its prime fashion retailing offering and benefits from one of the most affluent local shopper catchments in the Capital. This is further enhanced by large numbers of national and international shoppers and tourists attracted by the area’s excellent retail and cultural offering.
The property comprises an attractive ground and lower ground floor retail unit. The residential uppers have been sold off on a long lease and do not form part of this sale. The residential has separate access at ground floor level on Westbourne Grove. The property sits in a prominent south facing position on the favoured north side of Westbourne Grove close to the junction with Colville Road. This is considered to be the 100% prime pitch for Westbourne Grove with Portobello Road only 150m further west. Westbourne Grove benefits from some of the most well-known upmarket designer boutiques including: Smythson, Orlebar Brown, Sandro, Derek Rose, Free People, Reformation, Ba&Sh, Diptyque, Bonpoint and Soho Home Studio. The retail experience is further enhanced with nearby upmarket food and beverage operators including Daylesford Organic, Granger & Co., Ottolenghi and Beach Blanket Babylon
£190,500 per annum exclusive
Freehold
A net initial yield of 5.51%.
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