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Freehold retail, office and residential investment

Camden, NW1 - Get Access

3 bed 1 bath

Description

The property is situated on Parkway close to its junction with Arlington Road and near to Camden High Street, approximately 200 metres from Camden Town Tube Station. The bohemian atmosphere of Camden Town and Camden Market are close by. Primrose Hill Park and Regents Park are within 0.5 miles to the west, along with numerous cafes, restaurants, and boutique shops, while the canal towpath provides a walking or cycling route west to Little Venice and beyond. Public transport connections are extensive, with Camden underground station 200 metres to the east and multiple bus routes into and out of London. Furthermore, Euston Station is 0.8 miles to the south, Kings Cross is 1.2 miles to the south, and Oxford Circus is 1.6 miles to the south. This freehold retail, office and residential investment property is arranged over ground and three upper floors, comprising a ground floor shop with rear office, together with two self-contained flats on the first, second, and third floors. The rear office benefits from a garden, and the first-floor one-bedroom flat has access to an outside terrace. Please note that the whole building, except the front elevation which was repointed and cleaned, was built or reconstructed with new materials in 2017 at a cost of approximately £500,000. The accommodation comprises a ground floor retail unit of approximately 21.10 sq m (227 sq ft), a ground floor office of approximately 36 sq m (387 sq ft), a first-floor one-bedroom flat, and a second and third-floor two-bedroom maisonette. The shop is let on a licence to individuals trading as Bobby's Barbers from 2/04/2026 at £24,000 per annum. The rear office is let to Area Camden Limited trading as Fostering Services Support for a term of 9 years from 1st January 2022 at £24,000 per annum on a Full Repairing and Insuring lease, with a rent review in 2028 and a mutual 3-month break option. Flat B is a one-bedroom flat let on an AST at £2,300 per calendar month (£27,600 per annum). Flat C is a two-bedroom maisonette let on an AST at £2,900 per calendar month (£34,800 per annum). The total gross rent and licence fees reserved are £110,600 per annum exclusive. VAT is not applicable. EPC ratings are C, C, C, and C.