Sold

105 Salusbury Road, Queens Park, London, NW6

London - M25

Dba314

Mixed Use
£11,750,000

Tenure: Freehold
Tenancy: Multi-Let

Investment summary

• Prominent mixed use investment located in the affluent Queens Park, less than 3 miles from Central London.

• Situated on Salusbury Road, Queens Park’s main retail and restaurant pitch and core office focus.

• Art deco property configured as offices, health club and supermarket.

• Total accommodation of 3,440.8 sq m (37,038 sq ft) arranged over three storeys.

• 38 parking spaces providing an excellent ratio of 1:975 sq ft overall.

• Total current passing rent of £649,240 per annum.

• Reversionary offices let at a low passing rent of £20.31 per sq ft, gym let at £7.95 per sq ft, and rack rented supermarket.

• Multi let to ITE Group, Fitness First and Sainsbury’s with 89% of the income secured against Minimum Risk covenants.

• Average weighted unexpired term certain of 9.12 years.

• Outline planning consent for the development of two additional floors to provide 14 private penthouses with a Gross Internal Area of 959.2 sq m 10,324 sq ft).

• Freehold interest.

• Multiple asset management opportunities to enhance value.

• Seeking offers in excess of £11.75 million (Eleven Million, Seven Hundred and Fifty Thousand Pounds) reflecting the following profile, excluding any income or receipts from the consented planning permission:

• Net Initial Yield: 5.22%
• Equivalent Yield: 5.57%
• Reversionary Yield: 5.61%
• Capital Value Per Sq Ft: £317
• Low capital value of £248 per sq ft including the consented development.

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Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.