Prime Commercial Building In Camden Lock
Within The Same Family Ownership For Over 70 Years
Freehold Investment For Sale
Summary
- The Best Retail Location In Camden
- Potential To Convert The Upper Floors
- Rental Income: £147,496.00 Per Annum Inclusive Of Business Rates & Utilities
- First And Second Floors Vacant ERV £40,000 Per Annum Inclusive
- 2,792 Sqft (259.3 Sqm)
- Let On Licence Agreements
- Vacant Possession Can Be Obtained By Giving The Tenants 1 Months Prior Written Notice
- Within The Same Family Ownership For Over 70 Years
- Highly Reversionary
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 also undergone a substantial regeneration. Transport facilities are excellent as the shop is 2 minutes’ walk from Camden Town Underground Station (Northern Line). Camden Road Station (London Overground) is also within walking distance and numerous buses serve the area.
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
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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
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Chalk Farm9 mins
Further Information
Price £3,250,000
EPC Rating This property has been graded as C (61)
Description
Comprises the entire building arranged on as basement & ground floor prime shop, together with first and second floors, ancillary office/retail which is accessed through the ground floor shop. The ground and lower ground are let to two separate tenants on separate License agreements. The first and second floors are vacant.
Tenancies
Basement: Let to Blue Grace Ltd on a month to month ongoing license agreement with a rental income of £39,000 per annum inclusive of Business Rates & Utilities. The License is granted outside the security of the Landlord & Tenant act 1954. Landlord has the right at any time to serve notice on the tenant to vacate by giving 1 months prior written notice.
Ground Floor: Let to Fredbel Investments Ltd on a month to month ongoing license agreement with a rental income of £108,496 per annum inclusive of Business Rates & Utilities. The License is granted outside the security of the Landlord & Tenant act 1954. Landlord has the right at any time to serve notice on the tenant to vacate by giving 1 months prior written notice.
First & Second Floors: Vacant ERV £40,200 Per Anum
Total actual & estimated Income: £187,496 Per Annum Inclusive
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 Sole agents as above.
Freehold Price
£3,250,000 with the benefit of the income.
Gallery
