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50-52 Kilburn High Road, Kilburn, London, NW6 4HJ

5,792 Sq Ft / Retail / General Retail

For Sale - £2,300,000.00

Available - Last updated: 13 May 2024

Summary

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).


Key Points

  • Ground floor let to HSBC until March 2029 at £100,000 per annum exclusive
  • Basement let to a gym operator until July 2028 at £44,000 per annum exclusive
  • Residential Upper Part sold to a Housing Association for 150 years from March 2003
  • Prominent and prime location on Kilburn High Road
  • Other traders in the parade include M&S, Primark, Nationwide, Boots, JD Sports and Franco Manca
  • Capital value equivalent to £398 per sq ft
  • No VAT payable on the purchase
  • Bank: EPC - C Gym: EPC - B

  • Proposal

    Freehold for sale with a guide price of £2,300,000 representing an initial gross yield of circa 6% after allowing for purchasers costs of circa 5%.

    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)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £2,300,000.00 NA

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    Contact agents

    Peter Wilson

    Dutch & Dutch

    020 3151 9086



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