497 Kingsbury Road London NW9 9ED

497 Kingsbury Road
London
NW9 9ED

Freehold Retail and Residential Investment

Let to Yum III (Ltd) t/a Pizza Hut until 2023 with a tenant option to renew until 2033
First Pizza Hut Delivery unit in the UK, Trading since 1988
Prominently located 9.5 miles north-west of the City of London
Nearby occupiers include Boots, HSBC, Costa Coffee, Aldi and Barclays

Lot
2
Auction
28th March 2018
Rent
£23,200 per Annum Exclusive
Status
Sold
Price
£675,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Freehold Retail and Residential Investment

Let to Yum III (Ltd) t/a Pizza Hut until 2023 with a tenant option to renew until 2033
First Pizza Hut Delivery unit in the UK, Trading since 1988
Prominently located 9.5 miles north-west of the City of London
Nearby occupiers include Boots, HSBC, Costa Coffee, Aldi and Barclays

Lot 2
Auction 28th March 2018
Rent £23,200 per Annum Exclusive
Status Sold
Price £675,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3 miles north of Wembley; 7 miles south-east of Watford; 9.5 miles north-west of the City of London
Roads: A4006, A41, North Circular, M1
Rail: Kingsbury Underground Station
Air: Heathrow Airport

Situation

Kingsbury is a predominantly residential suburb located 9.5 miles north-west of the City of London. The property is prominently located on the south side of Kingsbury Road on the main commercial pitch, less than 100 metres from Kingsbury Underground Station. Nearby occupiers include Boots, HSBC, Costa Coffee, Aldi and Barclays.

Tenure

Freehold.

Location

Miles: 3 miles north of Wembley; 7 miles south-east of Watford; 9.5 miles north-west of the City of London
Roads: A4006, A41, North Circular, M1
Rail: Kingsbury Underground Station
Air: Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive terrace building with retail accommodation on the ground floor and two selfcontained residential flats on the upper two floors. The flats are accessed from the rear of the property via a rear service road and over the flat roof of the ground floor, which extends the full length of the site.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground	Retail	90.8 sq m	(977 sq ft)	YUM! III (UK) LIMITED t/a Pizza Hut (1)	10 years from 29/09/2013	£23,000	29/09/2018 (28/09/2023)
First	Residential	Not measured		INDIVIDUAL	189 years from 25th December 1982	£100	December 2171
Second	Residential	Not measured		INDIVIDUALS	99 years from 25th November 1982	£100	November 2081 (63 years unexpired)
Total		90.8 sq m	(977 sq ft)			£23,200

(1) For the year ending 4th December 2016, Yum! III (UK) Limited reported a turnover of £31,709,000, a pre-tax loss of negative £3,140,000 and a total net worth of £2,987,000 (Source: Experian Group 21/2/2018).