SoldLarge Freehold Shop and Residential Upper Parts For Sale - London NW5

Significant development potential

62-66 Queens Crescent,  LONDON NW5 4EE

Features

  • Freehold for sale with vacant possession of the ground floor & the residential upper parts above 62-64 Queen's Crescent
  • Site area 405.2 sq.m (4,365 sq.ft)
  • Significant development potential
  • Residential upper parts above 66 Queens Crescent sold off on a long lease with approximately 59 years unexpired
  • Located in the heart of NW5 in one of London's oldest and established markets
  • 0.3 miles north of Chalk Farm London Underground Station (Northern Line)
  • 0.3 miles north-west of Kentish Town West Station (London Overground Line)
  • Viewings strictly by prior appointment only

Location

The property is located in the centre of Queen's Crescent Market on the southern side of the road, just east of its intersection with Malden Road.

Communications to the property are excellent: Kentish Town Station is located 0.5 miles to the east of the property, with a journey time to London St Pancras International Rail Station of only 3 minutes.:

Chalk Farm London Underground Line (Northern Line) and Kentish Town West (London Overground Line) are each a 0.3 miles away to the south and south east of the property, respectively.

Malden Road (B517) is a main bus route with services operating in close proximity to the subject property.

Gross internal area 502.74 sq.m. /5411 sq.ft. 

Ground floor shop 62-66 Queen's Crescent314.00 sq.m. / 3379 sq.ft.
Vacant Possession
Residential above 62-64 Queen's Crescent188.74 sq.m. / 2031 sq.ft.
Vacant Possession
Residential above 66 Queen's CrescentSold off on 99 year Long Lease with 59 years unxepired

Description

The property comprises the freehold interest of three intercommunicating retail shops and residential upper parts.

The property has significant development potential and is to be sold with vacant possession of the entire ground floor and the residential upper parts above 62-64 Queen's Crescent.

The residential upper parts relating to 66 Queen's Crescent have been sold off on a 99 year lease from March 1978. A copy of the lease relating to 66 Queen's Crescent is available to download from our website.

The property is situated at the heart of one of London's oldest street markets, which has 77 pitches and is open all day on Thursdays and Saturdays.

Queen's Crescent is a vibrant and diverse retailing pitch with a rich history, attracting a wealth of trade from local and surrounding areas.

Terms

The freehold interest is to be sold with vacant possession save for the two bedroom maisonette above number 66 Queen's Crescent, which is let on a 99 year long lease from March 1978.

Rateable value: £47,750

Estimated Rates Payable: £22,920 per annum

Service charge: n/a

Local authority: London Borough of Camden


Property reference: 23654 Updated: 31 Aug 2018