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 28th March 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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Retail
90.8 sq m
(977 sq ft)
YUM! III (UK) LIMITED t/a Pizza Hut (1)
10 years from 29/09/2013
£23,000
29/09/2018 (28/09/2023)
First
Residential
Not measured
INDIVIDUAL
189 years from 25th December 1982
£100
December 2171
Second
Residential
Not measured
INDIVIDUALS
99 years from 25th November 1982
£100
November 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).
