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    Key features

    • To be offered on Wednesday 23 July
    • A ground & Basement commercial unit an approx. 3,173 Sq ft
    • Let to Franco Manca on a 25 year FR&I lease from 2016
    • An approx. 16 years unexpired (No Tenant break options)
    • Located on a prime pitch on Kilburn High Road
    • Investment let at £80,000 p.a.

    Description

    An attractive corner commercial premise arranged over ground and basement floor and occupied by a national restaurant tenant trading as Franco Manco.

    The property amounts to an approx. 3,173 Sq ft and is located an approx. 50 metres from Kilburn High Road station.

    Nearby occupiers include Primark, Costa Coffee, Gregs, JD Sports, Boots as well as wide range of local and independent retailers

    Additional information

    Tenure

    Leasehold

    999 years less 3 days beginning on, and including 17 January 2017 expiring on and including 14 January 3016

    Accommodation

    Please note that Savills have not inspected the property and the below detail have been provided by a third party

    Ground and Basement and approx. 3,173 Sq ft


    Tenancy

    42 Kilburn Road

    • Let to Franco Manca 2 UK LTD T/A Franco Manca
    • Let on a 25 year FR&I lease from 2016 (Reversion 2041)
    • No tenant break options
    • Open Market Rent reviews every 5th Year
    • Investment let at £80,000 p.a.

    Rent

    £80,000 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must reply upon their own enquiries prior to bidding. Please refer to the legal pack.

    Please note that the property is elected for VAT however we believe the sale can be treated as TOGC (Please refer to the legal pack)

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the junction with Kilburn High road and Belsize Road and is located an approx. 50 metres from Kilburn High Road Station

      Transport

      Kilburn High Road station - Overground services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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