Retail premises for sale

44 - 46 Birchington Road, Kilburn NW6

Description

Rare opportunity to purchase an income producing investment of two commercial premises in a prominent location just off Kilburn High Road. Both properties are let in the tenants personal name and are running as restaurants. The tenant has been in occupation of 46 Birchington for over 10 years and has just expanded to take 44 Birchington.

44 Birchington Road is mainly open plan and arranged over a large floorplate of 3,120 sq ft with the benefit of a small forecourt and good ceiling heights.

46 Birchington Road is arranged over ground and basement floors and is in excellent decorative order throughout, with seating available on both floors, a large kitchen, prep room, directors office, bar and air conditioning.

Available immediately on a new 999 year lease.

Location

44 & 46 Birchington Road is located just off the main section of Kilburn High Road with excellent footfall. Local traders in the immediate vicinity include Boots, Primark, M&S, jd Sports, Nationwide and Franca Manca.

The road benefits from excellent transport links with Kilburn High Road (Overground) Station a 2 minute walk and Kilburn Park (Bakerloo) Station approximately a 5 minute walk. There are also a number of busses servicing the area with multiple bus stops on Kilburn High Road.

Viewings

Via arrangement with Dutch & Dutch

Terms

44 - 999 year lease from - 6th July year lease from - 8th December 2021

Investment Summary

Total Income: £115,000 per annum - Topped up by the seller for the first 3 years
Gross Initial Yield: 8.52 % on a guide price of £1,350,000 (Plus VAT)
WAULT: 25 years