SoldFreehold Shop & Upper Parts Commercial Property Investment - London NW3

Total rental income: £35,000 per annum exclusive

87 Haverstock Hill,  Chalk Farm, LONDON NW3 4RL

Location

The property is located on the south-west side of Haverstock Hill just north-west of Steeles Road. This is a highly affluent residential area of Belsize Park within short walking distance of Primrose Hill.

Chalk Farm LT Underground Station is a third of a mile to the south-east and Belsize Park Station is also within short walking distance to the north-west.

British Rail links include Hampstead Heath Station, with regular services into King’s Cross (10 minute journey time).

Net internal area 121.30 sq.m. /1305 sq.ft. 

Ground floor56.30 sq.m. / 606 sq.ft.
Let to a sole trader on a full repairing and insuring lease for a term of 20 years from 21st November 1997 with four yearly upward only rent reviews. The current rent is £14,000 per annum exclusive. Rent review notice has been served on the tenant effective 21st November 2005 at £21,000 per annum.
Basement65.00 sq.m. / 699 sq.ft.
Tenancy as above.
  • First floor 2 bedroom flat 
    Assured Shorthold Tenancy with a current passing rent of £13,200 per annum.
  • Second floor 2 bedroom flat 
    Unfurnished Regulated Tenancy at a current passing rent of £7,800 per annum.
Plus:


Description

A Victorian mid-terraced shop with residential accommodation above on the first and second floors. The ground floor shop is let and is currently a trading as a general store and off licence (A1 use). The residential upper part is arranged as two flats although they are not fully self-contained.

Other occupiers neighbouring the premises include William Hill, Abbas Glass & Glazing Company, Chinese take-away and Mulan Chinese restaurant.

Terms

Freehold subject to the tenancies as detailed above.

Local authority: London Borough of Camden


Property reference: 18254 Updated: 31 Mar 2008