2, 4 & 6 Station Parade, Willesden Green, London NW2 4NH

SITUATION
Located at the junction with Walm Lane, almost adjacent to Willesden Green Underground Station (Jubilee Line). Nearby multiples include Sainsbury’s Local, Co-op and Gail’s as well
as a variety of local shops and restaurants all serving the surrounding highly sought after residential area.
Willesden Green is located approx. 7 miles north-west of central London and benefits from good road links via the M1 (Junction 1) just over 2 miles away.

PROPERTY
A substantial mid terraced building comprising a Ground Floor Triple Shop with internal and separate front access to Offices on the first floor and Ancillary Accommodation on the second and third floors.
The second and third floors are not currently being used – see ‘FUTURE DEVELOPMENT' section.

ACCOMMODATION¹
Ground Floor Triple Shop
Gross Frontage 62'8"
Internal Width (max) 53'2"
Shop Depth 47'5"
Area Approx. 1,836 sq ft

First Floor Offices
Area Approx. 1,871 sq ft
4 WCs

Second Floor Ancillary
2 Rooms Area Approx. 1,162 sq ft

Third Floor Ancillary
3 Rooms with Kitchen,
Shower Room/WC
and sep. WC
Area Approx. 795 sq ft

Total Area Approx. 5,664 sq ft

¹The first and second floor areas are taken from the VOA. The second and third floor areas are gross internal (excluding stairs).

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY
The entire property is let on a full repairing and insuring lease (subject to a schedule of condition relating to the second and third floors only) to Foxtons Limited as Estate Agents (T/O for Y/E 31.12.25 £154.6m, Pre-Tax Profit £15.7m and Shareholders’ Funds £41.6m) for a term of 20 years from 29th January 2010 at a current rent of £85,000 per annum exclusive.

Rent Review 25th December 2024 (Outstanding – Landlord quoted £97,000 p.a.). The Purchaser will have the benefit of dealing with this rent review and will retain all increased rent and interest from December 2024 as per the lease.

£44,612.49 Rent Deposit held.

Note 1: The tenant did not operate their December 2024 Break Clause.

Note 2: 8 week completion.

FUTURE DEVELOPMENT
There may be potential to convert the second and third floors to Serviced Offices or Residential Use, subject to obtaining possession and the necessary consents.
The Vendor has had floor plans drawn up to show the following suggested scheme for 9 studio flats:
• Second Floor: 6 Studio Flats (ranging between 150 sq ft and215 sq ft).
• Third Floor: 3 Studio Flats (ranging between 100 sq ft and 170 sq ft) plus shared kitchen/dining/laundry room.