Prime Retail Commercial Building In Camden Lock

Same Family Ownership For Over 70 Years

Freehold Investment For Sale

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.

Key Features

• 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

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.

Available area

The accommodation :

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

Freehold Price

£3,350,000 with the benefit of the income.

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.