Old Dairy House, 135-137 Kilburn Lane, Kensal Rise, W10 4AN

Description
From an award-winning developer, Fruition Properties, this newly developed mixed-use scheme offers a collection of five adjoining ground-floor studio units, designed to provide high-quality, modern warehouse-style accommodation.

Each unit seamlessly blends industrial aesthetics with functional design, featuring spacious, well-balanced layouts that maximise usability. Large windows flood the interiors with natural light, creating an inviting and productive workspace. High-specification finishes include exposed polished concrete flooring and striking feature walls with metallic paint, adding a contemporary edge to the interiors.

Now fully let, these units present a prime investment opportunity, offering strong rental income within a thoughtfully designed and well-located development.

Some images are CGI and are for indicative purpose only.

Location
The property is ideally situated in Kensal Rise, a vibrant and well-connected neighbourhood in northwest London. It is just a 10-minute walk from both Kensal Rise Station (Overground) and Queen’s Park Station (Bakerloo line and Overground), offering excellent transport links across the city.

Beyond transport convenience, the area boasts a thriving community feel with independent cafés, boutique shops, and green spaces like Queen’s Park, which is perfect for leisurely walks and outdoor activities. Kensal Rise is also known for its lively social scene, with popular spots like The Chamberlayne, Paradise by Way of Kensal Green, and Minkie’s Deli just moments away.

Tenancies
Unit 1a: (Under offer) Full Repairing & Insuring Lease from March 2025 for 7 years at £25,350 per annum. Includes 3 months rent-free, 12 months at half-rent, and tenant-only break options at years 3 and 5.

Unit 1b: Vacant. Estimated rental value of £23,550 per annum (£25 ft2).

Unit 2: Let on a 4-year FRI lease from January 2024 at £28,675 per annum, with a tenant break at year 2. If not exercised, a 2-month rent-free period is granted at year 3.

Unit 3: Let on a Full Repairing & Insuring Lease from August 2024 for a term of 2 years at a rent of £25,000 per annum.

Unit 4: Let on a Full Repairing & Insuring Lease from February 2025 for a term of 3 years at a rent of £28,000 per annum. Mutual option to determine the lease at the 18th month.

Total income of £130,575 per annum. The landlord will top up the vacant unit for the first year.