Property photos
Freehold
£825,000
(£145.09/sq. ft)
Property for sale
Gateway Industrial Estate, Hythe Road, London NW105,686 sq. ft
Local area information
Property location
Nearby amenities
- Willesden Junction 0.3 miles
- Willesden Junction 0.3 miles
- Kenmont Primary School 0.4 miles
- Furness Primary School 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
Virtual Freehold (961 Years Remaining) 7% yield Stepped Rents Allowing For Future Rental Uplift Cafe & Workshop On Ground Floor With Studios On The First Floor Fully Occupied Semi-Detached May Suit Alternate Uses (STPP) No VAT
Description
Forest Real Estate are marketing this commercial investment consisting of incomes from three tenancies. A cafe and workshop occupier on the ground floor respectively, whilst the first floor is let to a studio operator.
The annual headline rent is currently £55,800 per annum which will increase to £57,600 per annum in October 2024. Please see a breakdown of the rental income below.
Cafe
- 3 year lease from July 2022
- Passing rent at £19,200 per annum exclusive
- No break options
Workshop
- 5 year lease from October 2023
- Stepped Rent:
Year 1 @ £16,200 per annum exclusive
Year 2 & 3 @ £18,000 per annum exclusive
Year 4 & 5 @ £19,200 per annum exclusive
- No break options
First Floor
- 10 year lease from November 2022
- Stepped Rent:
Year 1 @ £18,000 per annum exclusive
Year 2 & 3 @ £20,400 per annum exclusive
Year 4 & 5 @ £22,000 per annum exclusive
- Open market review at year 5
- No break options
Location
Willesden Junction is a vibrant area in North West and offers a thriving business environment. Located in Zone 2/3, it boasts excellent transport links, with the Willesden Junction station serving both the London Overground and Bakerloo lines.
Description
Forest Real Estate are marketing this commercial investment consisting of incomes from three tenancies. A cafe and workshop occupier on the ground floor respectively, whilst the first floor is let to a studio operator.
The annual headline rent is currently £55,800 per annum which will increase to £57,600 per annum in October 2024. Please see a breakdown of the rental income below.
Cafe
- 3 year lease from July 2022
- Passing rent at £19,200 per annum exclusive
- No break options
Workshop
- 5 year lease from October 2023
- Stepped Rent:
Year 1 @ £16,200 per annum exclusive
Year 2 & 3 @ £18,000 per annum exclusive
Year 4 & 5 @ £19,200 per annum exclusive
- No break options
First Floor
- 10 year lease from November 2022
- Stepped Rent:
Year 1 @ £18,000 per annum exclusive
Year 2 & 3 @ £20,400 per annum exclusive
Year 4 & 5 @ £22,000 per annum exclusive
- Open market review at year 5
- No break options
Location
Willesden Junction is a vibrant area in North West and offers a thriving business environment. Located in Zone 2/3, it boasts excellent transport links, with the Willesden Junction station serving both the London Overground and Bakerloo lines.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
Forest Real Estate
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Forest Real Estate. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Forest Real Estate for full details and further information.