TypeRetail Investments · Office Investments

NW1 232 Camden High Street, Camden Lock, London

TenureFor sale

232 Camden High Street, Camden Lock, London, NW1 1/14

Specification

Building size
Building size 2,792 sqft
Property type
Property type Retail Investments · Office Investments
Tenure
Tenure For sale

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.

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

£3,250,000 with the benefit of the income.

In accordance with Anti-Money Laundering Regulations, two forms of identification will

be required from the successful purchaser.

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.

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