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Status Withdrawn Prior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
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.
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.
