£725,000

Property for sale

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Leasehold

£725,000

Property for sale

Spring Street, Paddington, London W2

Local area information

Property location

Nearby amenities

  • Paddington 0 miles
  • London Paddington 0.1 miles
  • St James & St John Church of England Primary School 0.2 miles
  • L'Ecole Bilingue Elementaire 0.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Hyde Park, St John's Wood and Maida Vale to find out more about the local area.

Features and description

  • Leasehold
  • Prominent A3 Restaurant.
  • Busy High Street Location
  • Recently refurbished throughout.
  • 10 year tenancy from January 2023
  • Income £50,000 p/a
  • Rent review in 2026.
  • Westminster Gen Rates £24,000 p/a
  • Head Lease 49 years Remaining.
Council tax band: E
Tenure years left: 49

Prime location E class premises currently trading as an established restaurant that has been trading for many years.

The premises totals 1987 square feet and occupies the ground and lower ground floors.

The premises has been recently refurbished to a high standard by the new tenants Including a full commercial kitchen and bathrooms.

Space at the front of the restaurant for further outside seating covered by a full size awning.

This commercial opportunity is being sold with a long remaining lease of 49 years and a 10 year tenancy from January 2023.

Situated in a busy throughfare to Paddington Mainline Station and the new Elizabeth Line with Hyde Park only a few minutes walk.
Other local amenities on the high street include Cafe Nero and lots of Independent and established businesses.

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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  1. Zoopla
  2. Commercial for sale
  3. London
  4. West London
  5. Paddington
  6. Spring Street

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