108 Kilburn High Road
Kilburn
London
Greater London
NW6 6JH

Freehold Retail Investment with Potential (1)

  • Popular North West London suburb
  • Close to Kilburn High Road Overground Station
  • Entirely let to Palace Amusements (Kilburn) Limited until 2030 (no breaks)
  • Self-contained upper floors not presently used (1)
  • VAT-free investment
  • Lot
    6
  • Auction
    18/Oct/2018
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,910,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Executors - First Time on the Market
  • 108 Kilburn High Road<br>Kilburn<br>London<br>Greater London<br>NW6 6JH
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  • Photos
  • Map

Property Information

Location
Miles
3 miles north of Central London, 1 mile south of West Hampstead, 1 mile north west of St John’s Wood
Roads
A5, A41, M1, A406
Rail
Kilburn High Road, Kilburn Park, Maida Vale, Swiss Cottage, St John’s Wood
Air
London Heathrow, London Gatwick and London Stansted Airports
Situation

Kilburn is a popular North West London suburb, 2.5 miles north of central London, 1 mile south-west of West Hampstead and 1.5 miles north-west of Regent’s Park. The area benefits from good communications being on the A5, some 2.5 miles south of the M1 motorway and the North Circular. Kilburn High Road, Brondesbury and West Hampstead Overground stations are all within a mile. Kilburn Park, Kilburn Station, Maida Vale and Swiss Cottage Underground stations are all within a mile. The property is located on the east side of Kilburn High Road (A5), between its junctions with Quex Road and Birchington Road. There are a number of bus stops located nearby. Occupiers close by include Poundland, Wenzels, Iceland, Sainsbury’s, Superdrug, Argos, Specsavers, Shoe Zone, McDonald’s, Betfred and TK Maxx.

Tenure

Freehold.

Description

The property comprises a ground floor shop together with staff/storage accommodation at basement level. The first, second and third floors are separately accessed from Kilburn High Road and are not presently used.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

C

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Basement
First
Second
Third
Retail
Ancillary
Ancillary
Ancillary
Ancillary
160 sq m
48.16 sq m
57.78 sq m
50.7 sq m
55.5 sq m
(1,722 sq ft)
(518 sq ft)
(622 sq ft)
(546 sq ft)
(597 sq ft)
PALACE AMUSEMENTS
(KILBURN) LIMITED
guaranteed by Palace
Amusements (Holdings)
Limited
t/a Palace Amusements (2)
20 years from 25th
March 2010 on a
full repairing and
insuring lease.
£95,000 (3)2020 and
2025
Total
372.14 sq m
(4,005 sq ft)  £95,000 

(2) “Palace Amusements is part of the The Godden Gaming Organisation, which has been established in the leisure industry for over forty years. The Godden Gaming Organisation trades all its Adult Gaming Centres as Palace Amusements. It took its first shop over thirty years ago and expects to still be trading strongly 30 years hence. Currently operating from fifteen shops, with planning applications in for a further three, Palace Amusements plans to expand the brand to fifty stores by 2022” (Source:- www.goddengaming.org).
(3) Rent deposit held of £95,000.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    17.10.18
    File Size
    9 MB
    Login to View
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    3 MB
    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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Associate Auctioneers
Cluttons LLP Portman House, 2 Portman Street
London
W1H 6DU
Julian Briant 0207 647 7034julian.briant@cluttons.com
Seller's Solicitors
VWV Solicitors Barnards Inn, 86 Fetter Lane
London
EC4A 1AD
Jon Durham 0207 665 0931jdurham@vwv.co.uk

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