497 Kingsbury Road
London
NW9 9ED

Freehold Retail and Residential Investment

  • Let to Yum III (Ltd) t/a Pizza Hut until 2023 with a tenant option to renew until 2033
  • First Pizza Hut Delivery unit in the UK, Trading since 1988
  • Prominently located 9.5 miles north-west of the City of London
  • Nearby occupiers include Boots, HSBC, Costa Coffee, Aldi and Barclays
  • Lot
    2
  • Auction
    28/Mar/2018
  • Rent
    £23,200 per Annum Exclusive
  • Status
    Sold
  • Price*
    £675,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 497 Kingsbury Road<br>London<br>NW9 9ED
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Property Information

Location
Miles
3 miles north of Wembley
7 miles south-east of Watford
9.5 miles north-west of the City of London
Roads
A4006, A41, North Circular, M1
Rail
Kingsbury Underground Station
Air
Heathrow Airport
Situation

Kingsbury is a predominantly residential suburb located 9.5 miles north-west of the City of London. The property is prominently located on the south side of Kingsbury Road on the main commercial pitch, less than 100 metres from Kingsbury Underground Station. Nearby occupiers include Boots, HSBC, Costa Coffee, Aldi and Barclays.

Tenure

Freehold.

Description

The property comprises an attractive terrace building with retail accommodation on the ground floor and two selfcontained residential flats on the upper two floors. The flats are accessed from the rear of the property via a rear service road and over the flat roof of the ground floor, which extends the full length of the site.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
GroundRetail
90.8 sq m
(977 sq ft)
YUM! III (UK)
LIMITED
t/a Pizza Hut (1)
10 years from
29/09/2013
£23,00029/09/2018
(28/09/2023)
FirstResidential
Not measured
INDIVIDUAL189 years from
25th December 1982
£100December
2171
SecondResidential
Not measured
INDIVIDUALS99 years from
25th November 1982
£100November
2081
(63 years
unexpired)
Total
90.8 sq m
(977 sq ft)
  £23,200 

(1) For the year ending 4th December 2016, Yum! III (UK) Limited reported a turnover of £31,709,000, a pre-tax loss of negative £3,140,000 and a total net worth of £2,987,000 (Source: Experian Group 21/2/2018).

Property Documents

  • Site Plan
    Updated Date
    06.03.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    775 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
DWFM Beckman Solicitors 101 Wigmore St, Marylebone
London
W1U 1FA
Honey Dave 020 7408 8888 Honey.Dave@dwfmbeckman.com

Useful Links

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