Elgin Crescent, W11£2,500,000 Freehold
2 bedroom house for sale in Notting Hill
Elgin Crescent, W11
A rarely available Freehold mixed-use building, comprising a self contained retail unit and a separate residential upper maisonette, in prime Notting Hill. The shop is at street level with stairs leading to lower ground floor therapy rooms. There is a separate self-contained residential upper maisonette with private street level access.
The property is situated on the southern side of Elgin Crescent, between the junctions with Portobello Road and Kensington Park Road adjacent to Portobello Market. Notting Hill Gate (Central, Circle, District Lines) and Ladbroke Grove (Circle, Hammersmith & City Lines) underground stations are within easy walking distance.
The shop has a ground floor net sales area of 384 sq ft, a lower ground floor area of 390 sq ft and externally, there is a small back patio area. The upper maisonette has a gross internal floor area of 1,032 sq ft and is unmodernised, comprising a first floor living room and kitchen, with two bedrooms and a bathroom on the second floor.
The shop tenancy and lower ground floor is let to Neals Yard (Natural Remedies) Ltd for a term of 10 years from 28th September 2019, with a tenant option to break, and an upward only, open market rent review, both effective 28th September 2024. The current shop rent is £45,550 per annum.
- Freehold mixed-use building
- Prime Notting Hill
- Residential maisonette
- Shop & lower ground floor
- Rare opportunity
- Council Tax Band: E