50-52 Kilburn High Road, Kilburn, London, NW6 4HJ
5,792 Sq Ft / Retail / General Retail
For Sale
- £1,950,000.00
Under Offer - Last updated: 11 November 2024
Summary
SIGNIFICANT PRICE ADJUSTMENT
Freehold investment opportunity for sale on arguably the most prime part of this popular North West London high streets. The basement comprises a 2,926 sq ft gym with good ceiling height and the ground floor is a retail bank of 2,866 sq ft. The upper parts are sold on a long lease to a housing association for a term of 150 years from 14th March 2003 (129 years unexpired).
Bank: EPC - C Gym: EPC - B
Key Points
Ground floor let to HSBC until March 2029 at £100,000 per annum exclusiveBasement let to a gym operator until July 2028 at £44,000 per annum exclusiveResidential Upper Part sold to a Housing Association for 150 years from March 2003Prominent and prime location on Kilburn High RoadOther traders in the parade include M&S, Primark, Nationwide, Boots, JD Sports and Franco MancaCapital value equivalent to £336 per sq ft
Proposal
Freehold for sale with a guide price of £1,950,000 representing an initial gross yield of circa 7.4%.
Location
This is a very busy section of Kilburn High Road with excellent footfall. Other traders in the immediate vicinity include Boots, Primark, M&S, JD Sports, Nationwide and Franca Manca. Kilburn High Road (Overground) Station is a 30 second walk and Kilburn Park (Bakerloo) Station is approximately a 5 minute walk.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,950,000.00
| NA |
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