£725,000
Retail premises for saleSpring Street, Paddington, London W2
Astons London
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About this property
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.
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.
Location
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.
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More information
Tenure
Leasehold (49 years)
Service charge
Council tax band
E
Ground rent
Ground rent date of next review