ATTENTION INVESTORS - PRICE REDUCED
Bank investment for sale in prime Kilburn High Road location
Summary
- 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 £336 per sq ft
Accommodation
The accommodation comprises the following areas:
| Name | Building Type | Size | Rent |
| Basement | Leisure | 2,926 sq ft | £44,000 /annum |
| Ground | Retail | 2,866 sq ft | £100,000 /annum |
| Unit - Residential Upper Parts | Residential | 1 sq ft | - |
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.
Get directions from Google Maps
Mainline Stations
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Kilburn High Road1 min
-
Queens Park (London)11 mins
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South Hampstead12 mins
-
Brondesbury13 mins
Underground Station
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Kilburn High Road1 min
-
Kilburn Park4 mins
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Queens Park11 mins
-
Maida Vale12 mins
Further Information
Price £1,950,000
Rates Payable Upon Enquiry
Description
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
Proposal
Freehold for sale with a guide price of £1,950,000 representing an initial gross yield of circa 7.4%.
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