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Units 41-47 Camden High Road - approx. 3,000 sq ft

For sale: POA|650 - 3000 Sq Ft|Flat, Retail - High Street, Restaurant/Cafes, Other, Residential, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
SIZE650 - 3000 Sq Ft
ADDRESSUnits 41-47 Camden High Street, London, NW1 7JH
TYPEFlat, Retail - High Street, Restaurant/Cafes, Other, Residential, Retail, Other Property Types & Opportunities
TENUREFor Sale Leasehold
POSTED ON3rd October 2019

DESCRIPTION

Units 41-45 Camden High Road, currently trading as a Thai restaurant, with 3 self contained maisonettes above each unit, on 2 floors. There is an additional grocer store at unit 47 adjacent, with a maisonette above, plus there is included in the lease, an maisonette above unit 39. Thus in total, there are 4 commercial units and 5 maisonettes.


The commercial units range in size between 650 sq. ft. to 800 sq. ft. and are linked together internally, at the rear, except for the grocer shop which is separate.

The two floor maisonettes above the shops, are all identical, and all have separate access, containing 2 bedrooms and w.c./bath on 2nd floor, with lounge and kitchen on first floor.

There is an alcohol licence for all the restaurant units until 11.30 p.m

At present, all the 4 commercial units are let on 3 separate long FRI leases, all having unexpired leases of 10-11 years, with reviews every 5 years, totalling a rent of £210,000 per annum, which includes a maisonette above each unit, plus there is a fifth maisonette above unit 39, but the landlord will grant new longer leases. The present lessee advises that she collects £10,000 per calendar month for all the flats, which is inclusive of all bills, so about half her rental is covered by the income from the flats.

The premium for the restaurant is a minimum of £200,000.

Please contact Henry Hersh on 0208 905 5000 or 07506 190352

LOCATION

Location: Units 41-47 Camden High Street, London, NW1 7JH

Mornington Crescent (0.1 miles)

Camden Town (0.3 miles)

Euston (0.5 miles)

Camden Road (0.4 miles)

St. Pancras (0.5 miles)

Euston (0.5 miles)

AGENT'S DETAILS

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