Shop for sale

Chamberlayne Road, Kensal Rise, London, NW10

020 8022 6584

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6 bed

0 bath

Property description & features

COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY
SHOP/BASEMENT & 6 BEDSITS ALL CURRENTLY LET & PRODUCING £109,100 PER ANNUM EXCLUSIVE
SITUATED IN THE HEART OF POPULAR KENSAL RISE AND (NEW) KENSAL RISE CONSERVATION AREA
SCOPE FOR INCREASING INCOME
EXCITING OPPORTUNITY TO PURCHASE IN VIBRANT CHAMBERLAYNE ROAD

COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY PRODUCING £109,100 pa. We are delighted to offer a rare to the market fully Let investment property and situated in this busy and popular location in the centre of Kensal Rise and (new) Kensal Rise Conservation area. Comprising a (Coffee) Shop & Basement Let on an FRI Lease from 2019 for a term of 15 years and at a current rental of £32,000 pa Excl and a residential Upper Part on three floors comprising six bedsit rooms with kitchen facilities and three communal bathrooms all Let on AST's and currently producing £77,100 pa. This is an exciting opportunity for a discerning investor to purchase a Freehold building in vibrant Chamberlayne Road and moments from Kensal Rise (London Overground) station. The tenure is Freehold (subject to the existing tenancies) and the First & Second Floor Council Tax Band is 'D' (London Borough of Brent).

Shop, Basement & Yard - (Coffee) Shop, Basement & Yard currently Let on a FRI Lease for a term of 15 years from 10th January 2019 (with rent reviews at the 5th and 10th years) at a current rental of £32,000 per annum Excl of business rates.

Residential Upper Part -

First Floor -

Bedsit Room 1(A) - First Floor (Rear). Currently Let on an AST for a term of 1 year (now periodic) at a current rental of £975.00 pcm

Shower Wc 1 -

Bedsit Room 2(B) - First Floor (Middle). Currently Let on an AST for 1 year from 27th October 2023 at a rental of £1025.00 pcm.

Bedsit Room 3(C) - First Floor (Front). Currently Let on an AST for 1 year from 10th April 2024 at a rental of £1050.00 pcm

Shower Wc 2 -

Second Floor -

Bedsit Room 4(D) - Second Floor (Middle). Currently Let on an AST for a term of 1 year from 2nd May 2024 at a rental of £1075.00 pcm.

Bedsit Room 5(E) - Second Floor (Front). Currently Let on an AST for a term of 1 year from 9th December 2023 at a rental of £1200.00 pcm.

Shower Wc 3 -

Third Floor -

Bedsit Room 6(F) - Converted loft room. Currently Let on an AST for a term of 1 year from 1st July 2023 at a rental of £1100.00 pcm

Tenure - Freehold - The tenure is Freehold and subject to the current Lease of the Shop/Basement and the Assured Shorthold Tenancies of the residential upper part.

The operational condition of the services and appliances connected at the property have not been checked and as such no warranties are offered thereto.

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Chamberlayne Road, Kensal Rise, London, NW10

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Wenlock & Taylor - Kensal Rise

97 Chamberlayne Road Kensal Rise NW10 3NN

020 8022 6584

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Welcome to Wenlock & Taylor Estate Agents North West London We have been established in Kensal Rise, North West London as a family run business since 1927. Specialising in Property Sales, Lettings and Management of individual houses and flats, Block Service Charge Management, Surveys including Party Wall matters and Leasehold Enfranchisement valuations. We are regulated by the RICS and are licensed members of both ARLA and the NAEA.

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