Retail For Sale in 44 - 46 Birchington Road, Kilburn, London, NW6 4LJ
Asking price £1,350,000
Retail
5,477 sq ft
PRICE REDUCED FOR QUICK SALE
Virtual Freehold Investment in the Heart Kilburn
Income - £115,000 PA
Gross Initial Yield: 8.52 % on a guide price of £1,350,000 (Plus VAT)
44 - 999 year lease from - 6th July 2011
46 - 999 year lease from - 8th December 2021
Two leases with an annual rent of £115,000 per annum exclusive (including Landlord top up to cover the rent free)
Approximate capital value of £246.49 psf
EPC Ratings - C & D
Lease in a personal name with guarantor
Established leisure location in the Heart of Kilburn
Let on a new 25 year lease from 24/4/2025 subject to 5 yearly rent reviews (NO BREAK CLAUSES)
Description
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.
