0 Bed Commercial Property For Sale

Description
The property comprises a ground floor shop & basement storage with a prominent window frontage currently trading as a Hair & Beauty Salon, together with a self contained 1 bed maisonette arranged on first & second floors. The maisonette has potential to be split into 2 self contained flats with the added potential of building an additional floor.

Location
The property is situated in a prominent position on the South West side of Camden High Street, close to its junctions with Plender Street & Eversholt Street. The occupiers in the immediate vicinity include, Sainsbury’s Local, Pret A Manger, Wenzels and the famous venue Koko. Transport facilities are excellent with Camden Town and Mornington Crescent Stations (London Underground Northern Line) both being within a few minutes’ walk.

Tenancies
Ground Floor Shop & Basement- Let on a proportional Full Repairing & Insuring Lease for a term of
10 years from 27th March 2023 subject to a rent review at the end of the fifth year at a rent of £30,000.00 pax

1st & 2nd Floor Maisonette - Let on an AST agreement for a term of 3 years from 29th July 2025 subject to an annual increase by a proportion equivalent to the retail price index to a minimum of 3% & maximum of 5%, at a rent of £25,200.00 per annum. The landlord or tenant has the right to terminate the tenancy on the 30th day of July 2026, or a later date by giving a minimum of two calendar months prior written notice.

Total Current Income - £55,200.00 pax

IDENTIFICATION:
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Viewings
Strictly by appointment through SOLE agents, Christo & Co

Freehold Price
£990,000.00 with the benefit of the tenancies & income.