256, 256a & 258 Kingsbury Road Kingsbury London NW9 0BT

256, 256a & 258 Kingsbury Road
Kingsbury
London
NW9 0BT

Long Leasehold Retail and Residential Investment

Double-fronted Indian Restaurant with self-contained flat above, let on single lease
Recently renewed 15 year lease from September 2022 (No breaks)
Popular North-West London suburb
Well located on A4006 in established neighbourhood parade
VAT-free investment

Lot
5
Auction
16th February 2023
Rent
£44,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Long Leasehold Retail and Residential Investment

Double-fronted Indian Restaurant with self-contained flat above, let on single lease
Recently renewed 15 year lease from September 2022 (No breaks)
Popular North-West London suburb
Well located on A4006 in established neighbourhood parade
VAT-free investment

Lot 5
Auction 16th February 2023
Rent £44,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles north-west of Central London
Roads: A5, A4006, A5150, M1
Rail: Kingsbury Underground Station (Jubilee Line)
Air: Heathrow Airport

Situation

Kingsbury is a mixed residential and commercial suburb located 8 miles north-west of Central London. The property is situated along a parade of independent shops, adjacent to Roe Green Park, on Kingsbury Road (A4006). Occupiers close by include an Enterprise Rent-A-Car, Costcutter and a number of independent traders within the parade.

Tenure

Long Leasehold. Held on three leases each for a term of 189 years from 01/03/1984 at a total ground rent of £180 per annum.

Location

Miles: 8 miles north-west of Central London
Roads: A5, A4006, A5150, M1
Rail: Kingsbury Underground Station (Jubilee Line)
Air: Heathrow Airport

Situation

Tenure

Long Leasehold. Held on three leases each for a term of 189 years from 01/03/1984 at a total ground rent of £180 per annum.

Description

The property comprises a double fronted Indian restaurant arranged on the ground floor with a 2-bed separately accessed flat on part first floor, forming part of a larger building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Description

The property comprises a double fronted Indian restaurant arranged on the ground floor with a 2-bed separately accessed flat on part first floor, forming part of a larger building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Restaurant/Ancillary Residential - 2 bed flat, Kitchen and Bathroom	138.90 -	(1,495) -	W. A. SHEIKH (t/a Mazza)	15 years from 29/09/2022	£44,000	29/09/2027 and 5 yearly thereafter
Total Commercial Area		138.90	(1,495)			£44,000

(1) Areas provided by VOA (www.gov.co.uk/business-rates)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.