Two ground floor offices with 8 sold off flats above
Walking distance of Kensal Green Station
Excellent access into Central London via the A40 WestWay
Quiet turning off Harrow Road
Wide arrary of restaurants and bars
Queens Park, Ladbroke Grove and Kensal Rise are all within a close promiity
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Freehold building - offices with residential ground rents
Offers are invited in the region of £650,000 for the freehold interest, subject to contract and the existing tenancies.
The property is on the corner of Regent Street and Wellington Road and was built in late 2014. Located in a secluded position close to the junctions of Harrow Road, Kilburn Lane and Chamberlayne Road.
The building comprises the following:
Ground Floor, 8 Regent Street (Unit 1) / 538 ft2 Let to Clavex Limited for a term expiring 15th October 2020 outside the Landlord and Tenant Act at a passing rent of £15,000 per annum.
Ground Floor, 5 Wellington Road (Unit 2) / 845 ft2 Let to Arm London Limited for a term expiring October 2024 outside the Landlord and Tenant Act at a passing rent of £21,500 per annum. There is a Tenant only option to break in October 2022.
8 flats above have been sold off on 125 years leases from 2015. Each paying a ground rent of £350 per annum.
Total income £39,300 per annum.
Located near to the junction of Kilburn Lane and Harrow Road and within walking distance of Kensal Green Station (Bakerloo Line and Overground trains).
Local occupiers include Tesco Express, Nandos and many other independent retailers.
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