Old Dairy House, 135-137 Kilburn Lane, Kensal Rise, W10 4AN

Summary

From an award-winning developer, Fruition Properties, this newly developed mixed-use scheme offers a collection of five adjoining ground-floor studio units, designed to provide high-quality, modern warehouse-style accommodation.

Each unit seamlessly blends industrial aesthetics with functional design, featuring spacious, well-balanced layouts that maximise usability. Large windows flood the interiors with natural light, creating an inviting and productive workspace. High-specification finishes include exposed polished concrete flooring and striking feature walls with metallic paint, adding a contemporary edge to the interiors.

Now fully let, these units present a prime investment opportunity, offering strong rental income within a thoughtfully designed and well-located development.

Some images are CGI and are for indicative purpose only.

Key Points

Tenancies

Unit 1a: (Under offer) Full Repairing & Insuring Lease from March 2025 for 7 years at £25,350 per annum. Includes 3 months rent-free, 12 months at half-rent, and tenant-only break options at years 3 and 5.

Unit 1b: Vacant. Estimated rental value of £23,550 per annum (£25 ft2).

Unit 2: Let on a 4-year FRI lease from January 2024 at £28,675 per annum, with a tenant break at year 2. If not exercised, a 2-month rent-free period is granted at year 3.

Unit 3: Let on a Full Repairing & Insuring Lease from August 2024 for a term of 2 years at a rent of £25,000 per annum.

Unit 4: Let on a Full Repairing & Insuring Lease from February 2025 for a term of 3 years at a rent of £28,000 per annum. Mutual option to determine the lease at the 18th month.

Total income of £130,575 per annum. The landlord will top up the vacant unit for the first year.

Location