Commercial property for sale in London, England

Kojac House is a 1950's built two storey industrial building which has been adapted to provide ground floor trade counter sales unit with a separate first floor function hall which benefits from its own entrance, passenger lift, kitchen and WC's. The ground floor unit has a working eaves height of 3m and a full size loading door. Fronting the property is private parking for 15 cars. Location Kingsbury is a North West London suburb located 14 miles from Central London and served by the London Underground Jubilee Line. Kingsbury Trading Estate is located on the busy Kingsbury Road at the junction with Church Lane and close to the Edgware Road at West Hendon. Terms The property is for sale as a freehold investment with the benefit of the existing 2 tenancies. The price is £1,950,000 (One Million Nine Hundred Thousand Pounds) plus VAT. Viewing Strictly by prior appointment via sole agents Chamberlain Commercial . VAT The property is elected for VAT. Energy Rating Energy Rating C - a copy of the EPC is available upon request. Rental And Income The ground floor warehouse is let to Motor Parts Direct Ltd* on an FRI lease for a term of 10 years from 22/03/22 with a rent review due on 22/03/27. The current passing rental is £65,000 per annum (£10.44 per sq ft). The current estimated rental value is approximately £125,000 per annum (£20 per sq ft). The first floor is let to UK Imporex Ltd on an FRI lease for a term of 20 years from 20/11/24 with 5 yearly rent reviews. The current passing rent is £75,000 per annum (17.85 per sq ft). * Motor Parts Direct reported an annual turnover of approximately £300m for the year ending 20th June 2023 with pre-tax profits of £27m and retained profits of £22m. The company is a wholesale car parts provider trading from 175 branches.

Commercial property for sale in London, England

Commercial property for sale

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