Highly Prominent Retail Investment
Let To Costa Coffee
For Sale
Summary
- Highly Prominent Main Road Retail Investment
- Overlooking Regents Canal
- Let To Costa Coffee
- Rental Income: £70,000 pax
- Constructed In 2014
- Lease Expires 14/03/2029
- Outside Seating Area
- EPC: A24
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Ground Floor | 1,068 | 99.22 | Available |
| Basement - Basement | 1,510 | 140.28 | Available |
| Total | 2,578 | 239.50 |
Location
The Property is situated on the Western side of Camden Road (A503), mid way between its junctions with Camden Street and Royal College Street, adjacent to Regents Canal. Forming part of the ground and lower ground floor of Twyman's House, which is situated approximately 5 minutes walk from Camden Town centre and the Underground station and a 2 minutes south of Camden Road railway station. The property itself is situated in an isolated retail parade North of Sainsburys supermarket and adjacent and opposite to a number of retail and service parades along Camden Road.
Get directions from Google Maps
Mainline Stations
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Camden Road1 min
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Kentish Town West9 mins
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Kentish Town12 mins
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St Pancras16 mins
Underground Station
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Camden Road1 min
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Camden Town3 mins
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Kentish Town West9 mins
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Mornington Crescent9 mins
Further Information
Price Offers in excess of £1,100,000
Description
The property comprises a part ground floor and part lower ground floor retail unit, set within a 7 storey mainly residential development completed around 2014, comprising 54 residential units, consisting of a mixture of 1,2 and 3 bedroom apartments in private and affordable ownership.
The retail unit itself is currently occupied by SBR Enterprises Limited trading as Costa Coffee under a full repairing and insuring Lease and is fitted out to a standard Costa corporate image, comprising Kitchen area, servery and seating area at ground floor level with additional seating areas at lower ground level. There is also an external seating area and unit overlooking Regents Canal.
Tenure
The property is held Long Leasehold by virtue of a Lease dated 28 March 2014, for a term of 999 years from 1 January 2012 at a current Ground Rent of £329.45 per annum, subject to Rent Reviews at 10 yearly Intervals, to be reviewed in line with 10 yearly intervals, to be reviewed in line with the retail price (all items) below.
Price
£1,100,000 plus Vat with the benefit of the income from the Shop and basement.
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.
Tenancy
The property is Let to SBR Enterprises Limited trading as Costa Coffee by virtue of a Lease dated 14 March 2014 for a term of 15 years, commencing on the 14 March 2014 at a current rental of £70,000 pax subject to 5 yearly Rent Reviews in respect of a permitted use as a retail shop for the sale of coffee within Class A1 or A3 of Town & County Planning (use classes) Order 1987
Gallery
