Freehold Retail and Residential Ground Rent Investment
Opticians let until April 2028 t/a Sid Fiz
Comprises ground floor shop with 9 studio flats (sold off)
Affluent West London location
Queens Park and Kilburn Park railway stations within close proximity
Neighbouring Queens Park and Paddington Old Cemetery
Nearby occupiers include Gail's, Starbucks and Joe & The Juice
Lot 16
Auction 12th December 2024
Rent £42,900 per Annum Exclusive
Status Available
Guide* £600,000 - £625,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1.21 km from North Kensington
Roads
B413, A5
Rail
Queens Park (Bakerloo & Overground), Kilburn Park (Bakerloo)
Air
London Heathrow, London Gatwick and London Stansted Airports
Situation
The property is located in Queens Park, a fashionable West suburb. The property is situated on the western side of the busy Salusbury Road, some 100 metres from Queens Park station and 700 metres from Kilburn Park station. Nearby occupiers include Gail's, Starbucks, Joe & The Juice, Kilburn library and an eclectic mix of local cafes, restaurants and retailers.
Tenure
Freehold.
Location
Miles
1.21 km from North Kensington
Roads
B413, A5
Rail
Queens Park (Bakerloo & Overground), Kilburn Park (Bakerloo)
Air
London Heathrow, London Gatwick and London Stansted Airports
Situation
The property is located in Queens Park, a fashionable West suburb. The property is situated on the western side of the busy Salusbury Road, some 100 metres from Queens Park station and 700 metres from Kilburn Park station. Nearby occupiers include Gail's, Starbucks, Joe & The Juice, Kilburn library and an eclectic mix of local cafes, restaurants and retailers.
Tenure
Freehold.
Description
The property comprises a ground floor shop currently trading as an opticians. The upper three floors comprise nine studio flats which have been sold off on long leases.
VAT
VAT is applicable to this lot.
Note
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants had until the 8th October 2024 to respond. No response was received by the Seller therefore, the tenants are not able to exercise their rights of pre-emption on this sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop currently trading as an opticians. The upper three floors comprise nine studio flats which have been sold off on long leases.
VAT
VAT is applicable to this lot.
Note
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants had until the 8th October 2024 to respond. No response was received by the Seller therefore, the tenants are not able to exercise their rights of pre-emption on this sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
24.75
(266)
July 23rd Limited
10 years from 08/04/2018
£42,000
First Second Third
9 x Studio Flats
-
-
INDIVIDUALS
Let on 9 separate long leases
£900
Total Approximate Commercial floor area
24.75
(266)
£42,900
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
