Prime Mixed Use Investment
Fully Let
Freehold For Sale
Summary
- Prime Retail Location
- Four Self Contained 1 Bedroom Flats
- Total Income: £176,520 per annum
- Potential To Increase The Rents On The Flats
- Total Area: 3,398 Sqft
- Shop & Basement Let On A 15 Year Lease From 22nd June 2023
- Located Close To Many Multiple & Local Retailers, Bars & Restaurants
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground | 1,100 | 102.19 | Available |
| Basement | 500 | 46.45 | Available |
| 1st - Flat 1 | 460 | 42.74 | Available |
| 2nd - Flat 2 | 460 | 42.74 | Available |
| 3rd - Flat 3 | 460 | 42.74 | Available |
| 4th - Flat 4 | 418 | 38.83 | Available |
| Total | 3,398 | 315.69 |
Location
Camden Town is one of the top tourist destinations, famous for Camden Lock & Stables Market which generates a very high footfall. The property is located in a prime position on the North East side of Camden High Street close to the junctions of Pratt Street, Greenland Street & Kentish Town Road. within a parade of multiple local retailers & restaurants including Marks & Spencer's, Tesco, Boots, Lloyds Bank & TK Max . The entire area has seen substantial regeneration with many newly built offices and flats. Transport facilities are excellent as the property is a minutes’ walk from Camden Town Underground Station (Northern Line). Numerous bus routes also serve the area.
Get directions from Google Maps
Mainline Stations
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Camden Road5 mins
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Kentish Town West11 mins
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St Pancras15 mins
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Euston16 mins
Underground Station
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Camden Town2 mins
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Camden Road5 mins
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Mornington Crescent6 mins
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Kentish Town West11 mins
Further Information
Price £3,250,000
EPC Rating This property has been graded as C
Description
Comprises a self contained Terraced building arranged as ground floor shop and basement together with four self contained one bedroom flats arranged on first, second, third & fourth floors. Each flat has lounge, bedroom, fully fitted kitchen and shower. The flats are in very good decorative condition.
Tenancies
Shop & Basement: Let to Karunaker Rao Ranginini on a 15 year lease from 22nd June 2023 subject to 5 yearly rent reviews and subject to a landlord or tenant break clause operable 22nd June 2028 and 22nd June 2033 by either party serving the other party 6 months prior written notice. The Lease is outside the security of the Landlord and Tenant Act 1954 at a rental of £96,000 pax.
Residential: The four 1 bedroom flats are Let on periodic AST agreements Let at £80,520 per annum.
Total Income: £176,520 per annum.
Freehold Price (Land Registry Title Number NGL442586)
£3,250,000 with the benefit of the income.
Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful purchaser.
Viewing
Strictly by appointment through owner’s Sole agents as above.
Gallery
