Double Restaurant & Flat
256“258 Kingsbury Road, Kingsbury, London NW9 0BT
£480,000 22 May 2025
GUIDE PRICE AUCTION DATE
Lot 6 Double Restaurant & Flat – Gross Yield 9.3% 6 Week Completion Situation Located close to the busy junction with Roe Green within this popular north-west London Suburb amongst a variety of independent retailers. Kingsbury Underground Station (Jubilee Line) lies less than 1 mile distant. Kingsbury enjoys easy access to the A5 Edgware Road and the A406 North Circular Road at its intersection with the M1 (Junction 1) some 8 miles north-west of central London. Property A mid terraced building comprising a Double Ground Floor Restaurant with separate rear access to a Self-Contained 2 Bed Flat on the right hand section of the first floor. In addition, there is a rear service road allowing vehicular access for unloading together with lay-by parking at the front. Accommodation Ground Floor Restaurant (82 covers) Gross Frontage 35'8" Internal Width 35'1" Restaurant Depth 45'1" Restaurant Area Approx. 1,485 sq ft 2 WCs First Floor Flat 3 Bedrooms, Kitchen, Bathroom/WC GIA Approx. 600 sq ft VAT is NOT applicable to this Lot Tenure Held on 3 separate Leases each for a term of 189 years from 1st March 1984 (thus having approx. 148 years unexpired) at a total ground rent of £180 p.a. Tenancy The property is let on a full repairing and insuring lease to W. A. Sheikh as an Indian Restaurant for a term of 15 years from 29th September 2022 at a current rent of £44,000 per annum exclusive. Rent Reviews 2027 and 2032 Note 1: The tenant has been trading at the property for over 20 years. Note 2: We are informed that the flat is occupied by staff. Video Tour Click here to view the video tour of the flat.
256, 258 Kingsbury Rd, NW9 0BT
Guide Price
£480,000
Auction Date
22 May 2025
Time
12:00
Lot
6
Auctioneer
Barnett Ross
Barnett Ross
7 Cadbury Close High Road Whetstone London N20 9BD
020 8492 9449
About Barnett Ross

Barnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.