Attractive Income Producing Investment
Summary
- Virtual Freehold
- Income Producing
- End of Terrace Building
- Use Class E
- EPC Rating C
- No VAT Applicable
- Corner Frontage
- Freehold Available by Negotiation
Location
Queens Crescent in NW5 is a bustling and vibrant area known for its rich history and community spirit. Located between the neighbourhoods of Kentish Town and Gospel Oak, this charming crescent is home to a mix of independent shops, cafes, and restaurants, offering a taste of local life with a modern twist.
Queens Crescent is particularly famous for its lively street market, one of the oldest in London. Held twice a week, the market is a hub for fresh produce, household items, and unique finds, creating a bustling atmosphere that draws locals and visitors alike.
The area boasts excellent transport links, making it accessible for commuters and explorers. With nearby green spaces like Hampstead Heath and Parliament Hill just a short stroll away.
Get directions from Google Maps
Mainline Stations
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Kentish Town West6 mins
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Gospel Oak7 mins
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Kentish Town9 mins
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Hampstead Heath14 mins
Underground Station
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Kentish Town West6 mins
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Gospel Oak7 mins
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Chalk Farm8 mins
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Kentish Town9 mins
Further Information
Price £420,000
Rates Payable Upon Enquiry
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been graded as C (56)
Description
An opportunity to acquire a virtual freehold retail property in a busy location on Queens Crescent. The property is mostly open plan with excellent natural light, a kitchen / break out room to the rear and WCs.
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.
Lease
The property is leased to the gaming company Rogues Quarter Limited under a term beginning on 1st May 2020, and ending on 30th April 2030. The lease is exempt from the provisions of the 1954 Landlord and Tenant Act.
A rent review is scheduled for May 1, 2025. The tenant has an option to determine the lease on 1st November 2025, providing 6 months prior written notice.
The current passing rent is £30,000 per annum, with a rent deposit of £9,000 held.
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