Offers over
£3,350,000
(£1,199.86/sq. ft)
Retail premises for saleCamden Lock, 232 Camden High Street, London NW1
2,792 sq. ft
EPC Rating: D
About this property
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
Estimated Rates Payable: £63648
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.
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.
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
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.
Freehold Price
Offers in excess of £3,350,000 with the benefit of the income.
Mortgage calculator
£16,758 per month
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