140 Kilburn High Rd 2,707 sq ft Office Property London NW6 4JD £1,200,000 (£443.30/sq ft) 7.46% Net Initial Yield

The ground floor and basement is let on a single lease and comprises an E Class unit of approximately 1225 sq ft in total, currently subdivided into two smaller units. A security deposit of £13,750 is held by the Landlord. The upper floors have separate access from the street, and provide office accommodation currently occupied by a firm of solicitors. The floors would be ideal for conversion to residential accommodation.
The ground floor and basement are let on a 15 year lease from 17/05/2022, with rent reviews in the 5th and 10th year, generating £55,000 pax, whilst the offices are let on a 3 year lease from 24/06/2023 FRI, with no rent reviews, generating £34,500 pax.