Back to Strettons
Sold
Freehold retail and office investment property
Willesden, NW2 - Get Access
Description
Freehold retail and office investment property producing £35,500 per annum, situated on the south side of Walm Lane (A407) in a busy commercial area of Willesden Green, London. The property is conveniently located just 40 metres north of Willesden Green Tube Station (Jubilee Line) and 200 metres north-east of Willesden High Street. The property comprises a three-storey semi-detached commercial building featuring a retail unit on the ground floor and office accommodation across the rear and upper floors. Accommodation details based on EPC measurements: 90 Ground Floor comprises a retail area, rear office, kitchen, and two toilets, measuring approximately 76 sq m (818 sq ft). 90B Ground Floor Rear Unit comprises an office measuring approximately 22 sq m (237 sq ft) (not inspected). 90A First Floor comprises two offices, a store area, kitchen, and toilet, measuring approximately 69 sq m (743 sq ft). 90C Second Floor comprises two rooms, a toilet, and a kitchen, measuring approximately 60 sq m (646 sq ft). Lease details: Number 90 is let to Portland Estate Agents Ltd producing £22,300 per annum with a lease expiry on 17th December 2032 and a 2022 rent review currently outstanding. Number 90B is let to an individual on terms that expired on 24th March 2023, currently holding over at £4,200 per annum. Number 90A is let to an individual producing £9,000 per annum (holding over, refer to legal pack). Number 90C is currently vacant. EPC ratings are C for 90 (retail), D for 90A, G for 90B, and D for 90C. Overall, the property produces £35,500 per annum (part vacant) and presents active management opportunities.
Comparable sales
No comparables available.
Estimated market value
£
Range:
£
—
£
Medium confidence
Floor Area: 2,444 sq ft (Listing)
Unlock the full valuation
- Exact estimated value and full value range
- Detailed written analysis of how we reached this estimate