Rarely available Freehold Investment Opportunity in Queens Park
Summary
- 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 reviews
- Commercial Lease Contracted Outside of the 1954 Act
- 9 Long Leasehold Flats, 8 with 104 years unexpired, 1 with 229 years unexpired, Ground Rents £900 per annum
- Very popular trading location in the heart of Salusbury Road, Queens Park
- Opportunity for Rental Growth
- EPC C
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Retail | 536 | 49.80 | Available |
| Total | 536 | 49.80 |
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.
Get directions from Google Maps
Mainline Stations
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Queens Park (London)2 mins
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Brondesbury Park8 mins
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Kilburn High Road11 mins
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Kensal Rise12 mins
Underground Station
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Queens Park2 mins
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Brondesbury Park8 mins
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Kilburn Park10 mins
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Kilburn High Road12 mins
Further Information
Price £675,000 Guide Price
Rates Payable Upon Enquiry
Description
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.
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 (Plus VAT)
WAULT: 3 years 3 months
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