Kojac House Kingsbury Rd 10,445 SF 100% Leased Industrial Building London NW9 8UP $2,586,962 ($247.67/SF) 7.18% Cap Rate

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.