Available
London NW10 – Shop with Basement & Ground Rent
153 High Road, Willesden, London NW10 2SGFreehold Retail & Residential Ground Rent Investment
Price
£450,000
Rent P.A.
£24,680
Yield
5.48%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
9y 11m
Area
1,216 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises corner ground floor shop and 3 residential flats above (all sold-off)
- Valuable reversion of 3 residential flats in 45 years
- Retail shop newly refurbished and benefits from triple glass frontage and large basement
- Situated within 10 min walk from Willesden Green Underground station, with occupiers nearby include restaurants, pharmacy, café`s, beauty salon, convenience store and more.
Key Features
Tenure
Freehold
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 great retail exposure. The property includes 3 residential flats above, which have been sold-off on long leaseholds, 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
First/Second/Third Floor: 3 residential flats (sold-off)
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
First/Second/Third Floor: 3 residential flats (sold-off)
Total GIA: 113 sq m (1,216 sq ft)
Tenancy Description
The retail shop 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.
Flats 1,2,3 have been sold-off on long leaseholds for a term of 99 Years from 29th September 1970 at a total ground rent of £180 p.a. (£60 each)
Fixed increase to £90 p.a. each in September 2037 until the remainder of the term. Reversion 2070.
Flats 1,2,3 have been sold-off on long leaseholds for a term of 99 Years from 29th September 1970 at a total ground rent of £180 p.a. (£60 each)
Fixed increase to £90 p.a. each in September 2037 until the remainder of the term. Reversion 2070.
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.
