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Agent's details

50-52 Kilburn High Road, NW6

For sale: £2,300,000.00|5,792 Sq Ft|General Retail, Retail

Property details

FOR SALE£2,300,000.00
SIZE5,792 Sq Ft
ADDRESS50-52 Kilburn High Road, Kilburn, London, NW6 4HJ
TYPEGeneral Retail, Retail
TENUREFor Sale Freehold
POSTED ON23rd April 2024

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
  • 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
  • Summary

    Bank investment for sale in prime Kilburn High Road location

    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.

    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%.

    Location

    marker
    Location: 50-52 Kilburn High Road, Kilburn, London, NW6 4HJ

    Kilburn Park (0.2 miles)

    Queen's Park (0.6 miles)

    West Hampstead (0.6 miles)

    Kilburn High Road (0.1 miles)

    Queens Park (London) (0.6 miles)

    South Hampstead (0.6 miles)

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