Prime Retail Commercial Building In Camden Lock
Same Family Ownership For Over 70 Years
Freehold Investment For Sale
Summary
- The Best Retail Location In Camden
- New Letting on the Entire Building At a Rental of £220,000 pax
- Total Area 2,792 Sqft (259.3 Sqm)
- Newly Granted Full Repairing & Insuring 20 Year Lease
- Highly Prominent
- High Footfall
- Adjacent to many well known multiple and local retailers
- The Famous Stables and Camden Market close by
Accommodation
The accommodation :
| Name | sq ft | sq m | Availability |
| Ground - Ground Floor | 1,350 | 125.42 | Available |
| Basement | 700 | 65.03 | Available |
| 1st - First Floor | 371 | 34.47 | Available |
| 2nd - Second Floor | 371 | 34.47 | Available |
| Total | 2,792 | 259.39 |
Location
Camden Town is one of the top tourist destinations, famous for Camden Lock & Stables Market which generates a high footfall. The property is located in the prime part of Camden High Street within a parade of multiple local retailers & restaurants. The immediate area has undergone substantial regeneration. Transport facilities are excellent as Camden Town Underground Station (Northern Line) is within a few minutes walk.
Get directions from Google Maps
Mainline Stations
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Camden Road5 mins
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Kentish Town West8 mins
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Kentish Town13 mins
-
St Pancras18 mins
Underground Station
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Camden Town2 mins
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Camden Road4 mins
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Kentish Town West8 mins
-
Chalk Farm9 mins
Further Information
Price £3,350,000
EPC Rating This property has been graded as C (61)
Description
Comprises a Prime Retail building arranged on basement & ground floor shop, together with first and second floors, ancillary office/retail which is accessed via the ground floor shop. The entire building has now been Let on a new Full Repairing & Insuring Lease.
Tenancy
An agreement for Lease has been exchanged on the entire property to Inventure CHS Ltd on the granting of a new Full Repairing & Insuring Lease for a term of 20 years subject to 5 yearly upward only Rent Reviews. The tenant has the right to break the Lease at the end 10 years and 6 months by giving the Landlord 6 months prior written notice. The Lease is Inside the security of the Landlord & Tenant Act 1954.
Completion of the Lease will take place upon vacant possession being granted on the Ground Floor.
The tenants are lodging with the Landlord a rental deposit equivalent to 6 months rent
Rental Income: £220,000 pax
Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful purchaser.
Viewings
Strictly by appointment through owner’s agents as above.
Freehold Price
£3,350,000 with the benefit of the income.
Gallery
