A Malaysian investor has bought a retail and residential block in North West London, for £19.4m- a 6.5% yield.
The buying vehicle – Helenium Holdings – bought 43,390 sq ft 34a-36 Kilburn High Road from Lotta Property.
It comprises 50 flats, a gym and a Tesco. Current rental income is £1.3m pa.
The building is is located close to the South Kilburn regeneration zone, where the masterplan includes 2,400 new homes.
Colliers International and Savills acted for the vendor; Dron & Wright advised the buyer.
joanna.bourke@estatesgazette.com
