*Guide | £250,000+ (plus fees)
- Commercial Property
- Tenure: Leasehold. The property is held on a 125 year lease from 29th September 1994 (thus approximately 93 years unexpired).
Call the team on 020 7625 9007 for more information
A Ground and Lower Ground Floor Retail/Offices Unit Fully Let Producing £30,000 Per Annum. (Reflecting a Gross Initial Yield of 12%). Potential to Convert into Residential Use (Subject to Obtaining all Relevant Consents)
The property comprises a ground floor retail unit and a lower ground floor office situated within a mid terrace building arranged over lower ground, ground and two upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 29th September 1994 (thus approximately 93 years unexpired).
Location
The property is situated on a mixed use parade close to local shops and amenities. The open spaces of Kilburn Grange Park are within easy reach. Transport links are provided by Kilburn Park/Maida Vale underground stations (Bakerloo line) and Kilburn High Road/ South Hampstead overground stations.
Accommodation
Lower Ground Floor Offices Kitchen Storage Space WC G.I.A Approximately 550 sq ft Ground Floor Retail Unit G.I.A Approximately 650 sq ft
Tenancy
The property is subject to a lease for a term of 12 years commencing 15th June 2025 at a rent of £30,000 per annum. Landlord has a 6-month rolling option to break.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
