Retail premises for sale in 50-52 Kilburn High Road, Kilburn, London NW6

£2,300,000 (£397.1/sq. ft)
Interested in this property? Call +44 20 8115 5192 * or Request Details

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Retail premises for sale

5,792 sq. ft*

Property description

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
  • Description

    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).

    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.

    Availability_Text

    The accommodation comprises the following areas:

    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%.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    Dutch & Dutch, NW6 on +44 20 8115 5192 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dutch & Dutch, and do not constitute property particulars. Please contact Dutch & Dutch for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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