155-157 Queens Crescent - Storefront FOR SALE


London, LND NW5 4EA
$435,000 USD
203-879-4861
155-157 Queens Crescent, London, LND for Sale
$435,000 USD
Storefront - FOR SALE
1/19
null | Request Cap Rate

155-157 Queens Crescent
London, LND NW5 4EA


HIGHLIGHTS

  • Freehold
  • Income Producing Retail
  • 6 x Ground Rents Totalling £1,200 Per Annum
  • End of Terrace Building
  • Use Class E
  • EPC Rating C
  • VAT not Applicable
  • Corner Frontage

OVERVIEW

Attractive Income Producing Investment An opportunity to acquire a virtual freehold retail property in a busy location on Queens Crescent. The property is mostly open plan with excellent natural light, a kitchen / break out room to the rear and WCs. Positioned in a vibrant area with strong footfall, close to Kentish Town and Tufnell Park, this property benefits from excellent transport links and a thriving local community. The property is leased to the gaming company Rogues Quarter Limited under a term beginning on 1st May 2020, and ending on 30th April 2030. The lease is exempt from the provisions of the 1954 Landlord and Tenant Act. A rent review is scheduled for May 1, 2025. The tenant has an option to determine the lease on 1st November 2025, providing 6 months prior written notice. The current passing rent is £30,000 per annum, with a rent deposit of £9,000 held.

FOR SALE DETAILS

PRICE

$435,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

BB6785,NGL837209,NGL934976

ASK ABOUT THIS PROPERTY

Zach ForestForest Real EstateMore Info
203-879-4861

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Zach ForestForest Real EstateMore Info
203-879-4861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.