Skip to content

256-258 Kingsbury Road, Kingsbury, London, NW9 0BT

Guide Price
£480,000

Business rates & charges may apply

Barnett Ross, Barnett Ross
SIZE

Ask agent

SECTOR

Mixed use property for sale

Key features

  • FOR SALE BY AUCTION ON THURSDAY 22ND MAY 2025 (unless sold prior)
  • Double Restaurant & Flat
  • Producing £44,000 per annum
  • Gross Yield 9.2%
  • 82 Covers

Description

SITUATION
Located close to the busy junction with Roe Green within this popular north-west London Suburb amongst a variety of independent retailers. Kingsbury Underground Station (Jubilee Line) lies less than 1 mile distant.
Kingsbury enjoys easy access to the A5 Edgware Road and the A406 North Circular Road at its intersection with the M1 (Junction 1) some 8 miles north-west of central London.

PROPERTY
A mid terraced building comprising a Double Ground Floor Restaurant with separate rear access to a Self-Contained 2 Bed Flat on the right hand section of the first floor.
In addition, there is a rear service road allowing vehicular access for unloading together with lay-by parking at the front.

ACCOMMODATION

Ground Floor Restaurant (82 covers)
Gross Frontage 35'8"
Internal Width 35'1"
Restaurant Depth 45'1"
Restaurant Area Approx. 1,485 sq ft
2 WCs

First Floor Flat
3 Bedrooms, Kitchen, Bathroom/WC
GIA Approx. 600 sq ft

VAT is NOT applicable to this Lot

TENURE
Held on 3 separate Leases each for a term of 189 years from 1st March 1984 (thus having approx. 148 years unexpired) at a total ground rent of £180 p.a.

TENANCY
The property is let on a full repairing and insuring lease to W. A. Sheikh as an Indian Restaurant for a term of 15 years from 29th September 2022 at a current rent of £44,000 per annum exclusive.

Rent Reviews 2027 and 2032

Note 1: The tenant has been trading at the property for over 20 years.

Note 2: We are informed that the flat is occupied by staff.

Note 3: There is a 6 Week Completion

Energy Performance Certificates

EPC - 256-258EPC - 256a

Brochures

256-258 Kingsbury Road, Kingsbury, London, NW9 0BT

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kingsbury Station0.6 miles
  • Colindale Station1.0 miles
  • Hendon Station1.1 miles

About Barnett Ross, Barnett Ross

7 Cadbury Close High Road Whetstone London N20 9BD

Notes

These notes are private, only you can see them.

Disclaimer - Property reference Kingsbury. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnett Ross, Barnett Ross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Map data ©OpenStreetMap contributors.