Prime Notting Hill Restaurant Freehold Investment with Vacant Residential Upper Parts
Commercial
The ground floor and basement is occupied by independently-owned premium Italian restaurant ‘Mediterraneo’ that has traded successfully here for over 25 years, appealing to both locals and tourists. The ground floor dining room spills out attractively into the street adding considerably to the number of available covers. The kitchen, washrooms and further dining space are in the basement. The restaurant benefits from full kitchen extraction, planning consent and a valuable premises licence.
Residential
The residential accommodation is arranged over 1st, 2nd and 3rd floors. It is all accessed via a dedicated front door and staircase on the side return on Blenheim Crescent. The interior decoration is dated offering interested parties a blank canvas to design their ideal space. It is currently arranged as one 1-bed on 1st floor and one 2-bed maisonette on 2nd and 3rd floors each with a kitchen and bathrooms. However this could be reconfigured to create three 1-beds or one single residence over three floors. The property could possibly be extended at the rear to increase the floor area at 1st floor and improve efficiencies while the roof could also be converted into an attractive terrace, all subject to the necessary consents.
Lease
The commercial lease is due for renewal next year and the tenant has indicated they would like to renew.
Lease headlines are detailed in brochure.
Name | Building Type | sq ft | sq m |
---|---|---|---|
Basement - Basement Ancillary / Kitchen | Restaurant | 1,046 | 97.18 |
Ground | Restaurant | 715 | 66.43 |
1st | Residential | 415 | 38.55 |
2nd | Residential | 415 | 38.55 |
3rd | Residential | 415 | 38.55 |