46 Salusbury Road, Queens Park, London, NW6 6NN
536 Sq Ft / Retail / General Retail
For Sale
- £675,000.00
Available - Last updated: 30 January 2025
Summary
Freehold retail and (sold off) residential upper part investment opportunity in the heart of Queens Park. Nearby occupiers include successful independent businesses such as Sid Fizz and Bobs Cafe as well as Gails, Planet Organic, Sainsburys, Marks & Spencer, Starbucks, Pizza Pilgrims, Joe & The Juice and others.
The tenant 'July 23 Ltd' t/a Sid Fizz Optique is a long standing and well established Optician and has been trading since 2013.
Key Points
Ground floor let to 'July 23 Ltd' t/a Sid Fizz Optique at a passing rent of £42,000 per annum until May 2028, with no further reviewsCommercial Lease Contracted Outside of the 1954 Act9 Long Leasehold Flats, 8 with 104 years unexpired, 1 with 229 years unexpired, Ground Rents £900 per annumVery popular trading location in the heart of Salusbury Road, Queens ParkOpportunity for Rental GrowthEPC C
Commercial Lease
The ground floor is let to 'July 23 Ltd' with MISIYU LTD. as Guarantor t/a Sid FIzz Optique.
FR&I Lease for a term of 15 years from 3rd May 2013, expiring on the 2nd May 2028.
Contracted outside of the Security of Tenure Provisions of the 1954 Landlord & Tenant Act
Passing rent £42,000 per annum
A copy of the lease is available on request.
Residential Upper Parts
There are 9 flats all of which are sold on long leases.
8 flats with 104 years unexpired.
1 flat with 229 years unexpired.
Producing Ground Rents of £900 per annum.
Investment Summary
Total Income: £42,900 per annum
Gross Initial Yield: 6.36 % on a guide price of £675,000
WAULT: 3 years 3 months
Location
Queens Park is a lively neighborhood in North West London, offering a mix of green spaces, local charm, and a strong sense of community. The area is also known for Salusbury Road and Lonsdale Road which hosts bustling creative businesses, independent shops, cozy cafés, and popular pubs, creating a vibrant local scene. Queens Park is home to a range of exciting tech, fintech, design, fashion and TV / Film businesses which all add to the thriving business community.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£675,000.00
| NA |
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