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

Description
Comprises a Prime Retail building arranged on basement & ground floor shop, together with first and second floors, ancillary office/retail which is accessed via the ground floor shop. The entire building has now been Let on a new Full Repairing & Insuring Lease.

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 undergone substantial regeneration. Transport facilities are excellent as Camden Town Underground Station (Northern Line) is within a few minutes walk.

Tenancy
An agreement for Lease has been exchanged on the entire property to Inventure CHS Ltd on the granting of a new Full Repairing & Insuring Lease for a term of 20 years subject to 5 yearly upward only Rent Reviews. The tenant has the right to break the Lease at the end 10 years and 6 months by giving the Landlord 6 months prior written notice. The Lease is Inside the security of the Landlord & Tenant Act 1954.

Completion of the Lease will take place upon vacant possession being granted on the Ground Floor.

The tenants are lodging with the Landlord a rental deposit equivalent to 6 months rent

Rental Income: £220,000 pax

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 agents as above.

Freehold Price
Offers in excess of £3,350,000 with the benefit of the income.