Queens Crescent, London

LOCATION
Queens Crescent, NW5 is a bustling and vibrant area known for its rich history and community spirit. Located between Kentish Town and Gospel Oak, this area is known for its mix of independent shops, cafes, and restaurants, offering a taste of local life with a modern twist.

Kentish Town and Kentish Town West are both conveniently located and just a short walk away. Queens Crescent is particularly famous for its lively street market, one of the oldest in London. Held twice a week, the market is a hub for fresh produce, household items, and unique finds, creating a bustling atmosphere that draws locals and visitors alike.

DESCRIPTION
Rare to market mixed-use, income producing freehold split across Ground and First floor. The ground floor unit comprises of a retail unit which benefits from from excellent street frontage, open-plan layout with great natural light, with a kitchen and WC's to the rear. The ground floor is currently leased to a gaming company called Rogues Quarter Limited on a 10 year lease which commenced on 1st May 2020. The lease is contracted outside the 1954 Landlord and Tenant Act. The current passing rent is £30,000 per annum, with a rent deposit of £9,000 held.

The second floor comprises of six self-contained flats sold off on long leases. The leases commenced in June 2012 for 125 years, expiring in 2137, and each flat contributes an annual ground rent of £200, rising by £200 every 25 years. This provides a consistent and increasing secondary income stream.

- Extremely rare to market
- Asking price of £435,000
- Freehold
- 6x ground rents totalling £1,200 pa
- Ground floor let at £30,000 per annum on a 10 year lease
- Use Class E
- Double shop frontage

Rates: Interested parties should make their own enquiries.
Use: E class

Please contact one of our commercial property consultants at your earliest convenience to avoid potential disappointment.

Please note that we charge a £750 +VAT fee for the processing of referencing, administration and laundering.

TERMS
Freehold

OUTGOINGS
Interested parties should make their own enquiries

VAT
It is our understanding that VAT is not applicable

LEGAL COSTS
Each party to pay their own

VIEWING
Strictly via appointment only