£3,150,000
(£926.47/sq. ft)
Retail premises for sale146 Camden High Street, London NW1
3,400 sq. ft
Freehold
About this property
Prime Retail Location
Four Self Contained 1 Bedroom Flats
Total Income: £179,400 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
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 have been refurbished and are in good decorative condition.
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.
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 £83,400 per annum.
Total Income: £179,400 per annum.
Freehold Price (Land Registry Title Number Ngl442586)
£3,150,000 with the benefit of the tenancies and 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.
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 have been refurbished and are in good decorative condition.
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.
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 £83,400 per annum.
Total Income: £179,400 per annum.
Freehold Price (Land Registry Title Number Ngl442586)
£3,150,000 with the benefit of the tenancies and 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.
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Monthly repayment
£15,757 per month
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