Retail premises for sale in Albany Street, London NW1

Key Points

Description

The properties have recently undergone comprehensive refurbishment, and are arranged over ground and lower ground floor. The ground floors benefit from a floor to ceiling height of approx. 2.9 m, large window frontages allowing natural light to flow into the property. The lower ground floors have a good floor to ceiling height of approx. 2.4 m, with windows and 3 x vaults suitable for storage. Both properties benefit from a new comfort cooling system as well as kitchenettes, an entry intercom system and integrated network cabling. There is rear access via Chester Gate.

The Head Lease allows for office and retail use only and the properties are Grade II Listed.

Viewings

Strictly through sole agents Robert Irving Burns.

Location

The property is located on the corner of Albany Street and Chester Gate and is adjacent to the well renowned Regent’s Park. The immediate location is primarily of residential use, with local amenities including Regent’s Park, zsl London Zoo, Regent’s Park Open Air Theatre, Madame Tussauds, The Sherlock Holmes Museum as well as independent and national cafes and restaurants.

Regent’s Park, Great Portland Street, Warren Street and Euston Square are all within a few minutes walking distance south of the property. London Euston is towards the East providing Avanti West Coast, Caledonian Sleeper, Overground and West Midlands Trains services.

Terms

A new effective Full Repairing and Insuring leases contracted outside the Landlord & tenant Act 1954 is available direct from the landlord for a term to be agreed.

Tenture

Held on a 99 year Long Leasehold Interest, commencing 20th February 1987, with approximately 63 years unexpired, subject to ground rent.

Letting

A new effective Full Repairing and Insuring lease contracted outside the Landlord & tenant Act 1954 is available direct from the landlord for a term to be agreed.

Gross rent of £85,000 per annum (85) and £50,000 per annum (81), inclusive of business rates, service charge and estate charge.