Commercial Property for sale

Kentish Town Road, London

Offers in Excess of £3,000,000

Property Description

Full description

A rare opportunity to acquire a Freehold mixed use Investment property in Kentish Town with conversion/development potential with a current income of £121,741 pa.

The property is located on the western side of Kentish Town Road close to its junction with Castle Road.

This is the former South Kentish Town Underground Station designed by the architect Leslie Green in the early part of the 20th Century.

The main building is planned on lower ground, ground and one upper floor. There is a single storey structure at the rear which is of basic construction and is regarded as a Temporary Building.

Existing Floor Areas (NIA)
Basement - 1,806 sqft
Ground - 4,035 sqft
First - 2,640 sqft

Freehold subject to the below tenancies


Tenancies:
Lower Ground Floor:
Let to Mission Evasion Limited for a term of 10 years with effect from 14 April 2016 at a current rent of £25,000 pa. There is a Schedule of Condition attached to the lease which limits the tenants repairing liability.

Ground Floor:
Let to Capital Cash Limited. There is a Schedule of Condition attached to the lease.

First Floor:
Let to Yellowmat Limited for a term of 10years from 12 August 2013 at a current rent of £41,741 pa. There is a Schedule of Condition which limits the tenants repairing liability.


Planning:
A pre-application has been recently submitted to Camden Council outlining a 19 unit scheme. A copy of the pre-application advice is available on request. It is anticipated that 14 flats could be obtained whilst retaining part of the ground floor as retail and part for D2 leaving the basement insitu. This would be subject to planning consent. some indiciative plans have been proposed by Cooley Architects showing a mixed use conversion and new build scheme (please see information pack). Camden Council consider the building to be an "opportunity site" and has "potential for comprehensive redevelopment/extensions".


PROPERTY MISDESCRIPTIONS ACT 1991 For clarification, Davisbrn Agents wish to inform prospective purchasers, that we have not carried out a detailed survey, nor have we tested any of the appliances or heating system and cannot give any warranties as to their full working order. Purchasers are advised to obtain independent specialist reports if they have any doubts. All measurements are approximate and should not be relied upon for carpets or furnishings.


Energy Performance Certificates (EPCs)

Nearest stations

  • Kentish Town West (0.2 mi)
  • Camden Road (0.2 mi)
  • Camden Town (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Davis Brown, London

1 Margaret Street, London, W1W 8RB

020 7637 1066 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Kentish Town West (0.2 mi)
  • Camden Road (0.2 mi)
  • Camden Town (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Davis Brown, London

1 Margaret Street, London, W1W 8RB

020 7637 1066 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4025. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Davis Brown, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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