Available
London NW10 – Retail Shop with Basement
153 High Road, Willesden, London NW10 2SGVirtual Freehold Retail Investment
Price
£350,000
Rent P.A.
£24,500
Yield
7.00%
Tenure
Leasehold
Lease Term
10 Years
Years Left on Lease
9y 5m
Area
1,216 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises corner ground floor shop with large basement
- Benefits from triple frontage and suitable for variety of uses (Class E)
- Situated within 10 min walk from Willesden Green Underground station, with occupiers nearby include restaurants, beauty salon, pharmacy, café`s and convenience store, amongst many more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises corner ground floor shop with ancillary accommodation at basement. The shop has single frontage on High Road and double frontage on Gowan Road, providing the following accommodation and dimensions:
Ground Floor Shop: 67 sq m (721 sq ft)
Open plan retail, storage, wc
Basement: 46 sq m (495 sq ft)
open plan storage
Total GIA: 113 sq m (1,216 sq ft)
Ground Floor Shop: 67 sq m (721 sq ft)
Open plan retail, storage, wc
Basement: 46 sq m (495 sq ft)
open plan storage
Total GIA: 113 sq m (1,216 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 10 Years from 14th August 2025 at a current rent of £24,500 p.a. and the lease contains full repairing and insuring covenants. Rent review in August 2030 linked to RPI. Tenant option to determine in August 2030 with minimum 6 months notice. Deposit held of £6,125.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Willesden is a densely populated suburb located some 5 miles north-west of Central London. The area enjoys good communications, being adjacent to the North Circular (A406) and having underground services at Dollis Hill and Willesden Green (Jubilee Line). The property is situated on the junction of High Road and Gowan Road. Willesden Green underground station is approximately 0.5 miles to the east of the property. Retail occupiers nearby include restaurants, pharmacy, café`s, beauty salon, convenience store and more.