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KENTISH TOWN ROAD

CAMDEN, NW5
For Sale Investment, Retail

£3,000,000

For Sale

£3,000,000

Investment, Retail

KENTISH TOWN ROAD

CAMDEN, NW5

Bed Investment, Retail For Sale

Property Features

  • KENTISH TOWN ROAD
  • MIXED USE FREEHOLD INVESTMENT
  • 3 X COMMERCIAL UNITS
  • 3 X RESIDENTIAL FLATS
  • EXPIRED PLANNING FOR FURTHER 2X2 BEDROOM FLATS
  • PRESENTLY PRODUCING £136,700 PER ANNUM EXCLUSIVE
  • Freehold

About this property

 

The property is situated on the West side of Kentish Town Road (A400), in a busy shopping location between its junctions with Regis Road and Holmes Road. Situated at the centre of the main High Street, Close to Franco Manca along with supermarket chains Iceland, Sainsbury and The Co-op.  Kentish Town Tube station is located close to the property and Kentish Town West (Silver link) is within proximity. Kentish Town is a popular inner London suburb, located between Highgate and Camden.
315 Kentish Road NW5, Shop trading as a Restaurant take away over basement and ground floor level, recently re-furbished and let on 15-year lease from 8 September 2020 producing £42,000 per annum, approximately 1870 Sq. Ft with benefit of planning use A1/A3 Restaurant Use. 315 Kentish Town Road, three bed Maisonette over first and second floors sold on a 189-year lease from 25 May 1986 at peppercorn ground rent. 317-319 Kentish Town Road, Ground Floor shops Let to Done Brothers (Cash Betting) trading as Betfred from 22-01-2024 term of 10 years passing rent £50,000 per annum exclusive. Rent review on 22-01-2029, tenant break only on 21-01-2029 with benefit of Sui Generis use. Approximately 2240 Sq. Ft. 317-319 Kentish Town Road 1st Floor flat approximately 623 Sq. Ft let on AST at £23,400 for 12 months from 24/06/2024 317-319 Kentish Town Road, Second Floor Flat approximately 658 Sq. Ft let on AST at £21,300 per annum for 24 Months from 01/05/2024. 317-319 Kentish Town Road, third floor flat built out as a two-bedroom flat but not finished and currently vacant. Planning granted for two further Two-bedroom flats via York Rise from planning application number 2019/2014/P, works not started and interested parties to undertake due diligence to satisfy themselves with regards to planning.    
 

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