Attractive Income Producing Freehold Investment Located on Prominent Brecknock Road
Summary
- Freehold
- Established Tenant
- Large Shop Frontage
- Income Producing
- Prominently Located
- Attractive Yield
- Potential For Alternative Uses
- Arranged Over Ground and Lower Ground Floors
Location
Brecknock Road in N7 is a fantastic spot that perfectly blends charm and convenience. Nestled between Tufnell Park and Kentish Town, it’s close to great transport links like Tufnell Park Station (Northern Line) and plenty of bus routes, making it easy to get around. The area has a friendly community vibe, with lovely Victorian homes, independent cafes, gastropubs, and shops right on your doorstep.
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Mainline Stations
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Kentish Town9 mins
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Camden Road12 mins
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Caledonian Road and Barnsbury14 mins
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Kentish Town West14 mins
Underground Station
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Kentish Town9 mins
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Caledonian Road10 mins
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Tufnell Park12 mins
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Camden Road12 mins
Further Information
Price £365,000
Rates Payable Upon Enquiry
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been graded as D (77)
Description
An opportunity to acquire a freehold retail property in a sought-after location on Brecknock Road. This income-producing asset is securely let to a reliable tenant.
Positioned in a vibrant area with strong footfall, close to Kentish Town and Tufnell Park, this property benefits from excellent transport links and a thriving local community.
Ground Rents
There are 3 flats above sold off on 250 years leases from October 2015. The ground rents are as follow:
Flat 1: £400 per annum
Flat 2: £500 per annum
Flat 3: £500 per annum
Total: £1,400 per annum
Lease
The property is leased to Camden Skincare Ltd for a term commecing 20th December 2022, and ending on 4th January 2029. The lease is excluded from the provisions of the 1954 Landlord and Tenant Act.
The current passing rent is £25,000 per annum, with the lease secured by a personal guarantor. There is an outstanding rent review from January 2024.
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