This property is no longer on the market
Retail property (high street)
Property description & features
- Unique Investment Opportunity
- Measures 2090 sq ft
- Ground floor commercial unit
- Residential unit
- Short walk from Queens Park interchange
We are pleased to offer to auction this Unique Investment Opportunity in Queen's Park
This property poses a fantastic investment opportunity for a savvy investor, which others may inadvertently overlook.
The property currently measures 2090 sq ft, and is a short walk from Queens Park interchange station on the Watford DC line and Bakerloo line with easy access to central London.
The proposal includes a ground floor commercial unit - occupation of which is open to negotiation. The residential unit is currently one dwelling & spans three floors - currently with a protected tenancy, however with no inheritance rights stated and favourable factors for investment purposes - please enquire for full details.
The freehold of the overall building is also included in the deal which opens up development opportunities (STPP). A quick look at the local planning portal shows similar units with conversions to multiple units - ideal for HMO or lettings.
As the property is likely to be viewed for its future development, the Brent “South Kilburn Redevelopment” plans are likely to be of interest and can be viewed here: South Kilburn redevelopment | Brent Council with significant improvements to the local area and amenities - having already won multiple awards.
Surrounded by Kensal Town, Kensal Green, Willesden, and Kilburn, Queen's Park enjoys a dynamic neighborhood ambiance with a rich tapestry of cultural diversity.
To view or discuss this unique investment opportunity contact us today.
Please note we have not inspected this property.
Rooms
Location
Located along Kilburn Lane Queen's Park and is a short walk from Queens Park interchange station on the Watford DC line and Bakerloo line with easy access to central London.
Surrounded by Kensal Town, Kensal Green, Willesden, and Kilburn, Queen's Park enjoys a dynamic neighborhood ambiance with a rich tapestry of cultural diversity.
Accommodation
Fantastic investment opportunity. The property currently measures 2090 sq ft. The proposal includes a ground floor commercial unit. The residential unit is currently one dwelling & spans three floors. The freehold of the overall building is also included in the deal which opens up development opportunities (STPP). A quick look at the local planning portal shows similar units with conversions to multiple units - ideal for HMO or lettings.
Tenure
Freehold. TITLE NUMBER: WM30311.
Rateable Value
The current rateable value is £9,500 (1 April 2023 to present).
Sourced from VOA.
Council Tax
Band E
EPC
Available upon request (rating C).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 449462. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 28, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.