Camden Lock, 232 Camden High Street, London, NW1 8QS

Description
Comprises the entire building arranged on as basement & ground floor prime shop, together with first and second floors, ancillary office/retail which is accessed through the ground floor shop. The ground and lower ground are let to two separate tenants on separate License agreements. The first and second floors are vacant.

Location
Camden Town is one of the top tourist destinations, famous for Camden Lock & Stables Market which generates a high footfall. The property is located in the prime part of Camden High Street within a parade of multiple local retailers & restaurants. The immediate area has also undergone a substantial regeneration. Transport facilities are excellent as the shop is 2 minutes’ walk from Camden Town Underground Station (Northern Line). Numerous buses serve the area.

Tenancies
Basement: Let to Blue Grace Ltd on a month to month ongoing license agreement with a rental income of £39,000 per annum inclusive of Business Rates & Utilities. The License is granted outside the security of the Landlord & Tenant act 1954. Landlord has the right at any time to serve notice on the tenant to vacate by giving 1 months prior written notice.
Ground Floor: Let to Fredbel Investments Ltd on a month to month ongoing license agreement with a rental income of £108,496 per annum inclusive of Business Rates & Utilities. The License is granted outside the security of the Landlord & Tenant act 1954. Landlord has the right at any time to serve notice on the tenant to vacate by giving 1 months prior written notice.
First & Second Floors: Vacant ERV £40,200 Per Annum
Total actual & estimated Income: £187,496 Per Annum Inclusive

Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful purchaser.

Viewings
Strictly by appointment through owner’s Sole agents as above.

Freehold Price
£3,250,000 with the benefit of the income.

Potential Tennant
We are in discussions with a well known Supermarket operator who are looking to take a new 20 year Lease on the Ground & Upper floors. Further terms available upon request.