Virtual Freehold Investment in the Heart Kilburn
Income - £115,000 PA
Summary
- 44 - 999 year lease from - 6th July 2011
- 46 - 999 year lease from - 8th December 2021
- Two leases with an annual rent of £115,000 per annum exclusive (including Landlord top up to cover the rent free)
- Approximate capital value of £273.90 psf
- EPC Ratings - C & D
- Lease in a personal name with guarantor
- Established leisure location in the Heart of Kilburn
- Let on a new 25 year lease from 24/4/2025 subject to 5 yearly rent reviews (NO BREAK CLAUSES)
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - 44 Birchington Rd | 3,120 | 289.86 | Available |
| Ground - 46 Birchington Rd | 2,357 | 218.97 | Available |
| Total | 5,477 | 508.83 |
Location
44 & 46 Birchington Road is located just off the main section of Kilburn High Road with excellent footfall. Local traders in the immediate vicinity include Boots, Primark, M&S, JD Sports, Nationwide and Franca Manca.
The road benefits from excellent transport links with Kilburn High Road (Overground) Station a 2 minute walk and Kilburn Park (Bakerloo) Station approximately a 5 minute walk. There are also a number of busses servicing the area with multiple bus stops on Kilburn High Road.
Get directions from Google Maps
Mainline Stations
-
Kilburn High Road3 mins
-
Brondesbury10 mins
-
West Hampstead11 mins
-
Queens Park (London)12 mins
Underground Station
-
Kilburn High Road4 mins
-
Kilburn Park6 mins
-
Brondesbury11 mins
-
Queens Park11 mins
Further Information
Price £1,500,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C
Description
Rare opportunity to purchase an income producing investment of two commercial premises in a prominent location just off Kilburn High Road. Both properties are let in the tenants personal name and are running as restaurants. The tenant has been in occupation of 46 Birchington for over 10 years and has just expanded to take 44 Birchington.
44 Birchington Road is mainly open plan and arranged over a large floorplate of 3,120 sq ft with the benefit of a small forecourt and good ceiling heights.
46 Birchington Road is arranged over ground and basement floors and is in excellent decorative order throughout, with seating available on both floors, a large kitchen, prep room, directors office, bar and air conditioning.
Available immediately on a new 999 year lease.
Viewings
Via arrangement with Dutch & Dutch
Terms
44 - 999 year lease from - 6th July 2011
46 - 999 year lease from - 8th December 2021
Investment Summary
Total Income: £115,000 per annum - Topped up by the seller for the first 3 years
Gross Initial Yield: 7.67 % on a guide price of £1,500,000 (Plus VAT)
WAULT: 25 years
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