Opportunity to snap up a tasty treat

03 September 2013
Opportunity to snap up a tasty treat

Investors and developers hungry for opportunities could find the Loading Bay, in fashionable Notting Hill, a tasty treat that’s just waiting to be gulped up.

The basement and ground floor are an Italian restaurant, let on a 20-year lease from 2011 and currently generating £36,000 a year.

“It’s upstairs where the real opportunity lies – a two-bed, self-contained flat with full vacant possession and historic planning permission to add a third storey, a roof extension, as well as an extension at the back from the ground to second floor,” says Anthony Alder of AG&G, which is marketing the freehold off an asking price of £1.95 million.

“The permission is currently being renewed and would add a further 54 square metres to what is already a substantial building, with attractive terraces and ancillary accommodation.”

The Loading Bay is a 19th century terraced building at the junction of Westbourne Park Road and Chepstow Road, less than half a mile from Westbourne Park tube.

For further information, contact Anthony Alder on 020 7836 7826 or e-mail aalder@agg.uk.com

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

AG&G
8 Exchange Court,
London, WC2R 0JH
T: 020 7836 7826
F: 020 7836 7829
Web: agg.uk.com