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308 Kentish Town Rd 950 sq ft Retail Property London NW5 2TH £475,000 (£500/sq ft) 6.21% Net Initial Yield


Investment Highlights
- Popular inner-city suburb
- Class E planning consent
- Well served by public transport
Executive Summary
Kentish Town is a popular inner-city suburb, located between Highgate and Camden approximately 3.5 miles north of Central London. The open spaces of Regent's Park and
Hampstead Heath are both close by.
The property is situated on Kentish Town Road, close to its junction with Leighton Road. The property is well served by public transport, with Kentish Town Underground Station located within 200m. Tufnell Park and Gospel Oak Stations are also close by.
Occupiers close by include Winkworths, Martyn Gerrard, Pret a Manger and Sainsbury's Local, amongst a variety of restaurants and retailers.
The premises comprise of a ground floor shop only and of approximately 950 sq. ft. mainly open space with small outside space at rear which let to Amnesty International for a term of 10 years from Jan 2019 with a mutual break on the fifth year of the term, upper floor is a Two bed flat sold on a 999 year lease on peppercorn rent.
Hampstead Heath are both close by.
The property is situated on Kentish Town Road, close to its junction with Leighton Road. The property is well served by public transport, with Kentish Town Underground Station located within 200m. Tufnell Park and Gospel Oak Stations are also close by.
Occupiers close by include Winkworths, Martyn Gerrard, Pret a Manger and Sainsbury's Local, amongst a variety of restaurants and retailers.
The premises comprise of a ground floor shop only and of approximately 950 sq. ft. mainly open space with small outside space at rear which let to Amnesty International for a term of 10 years from Jan 2019 with a mutual break on the fifth year of the term, upper floor is a Two bed flat sold on a 999 year lease on peppercorn rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
950 sq ft
Costar Property Class
B
Year Built/Renovated
1960/2019
Price
£475,000
Price per sq ft
£500
Yield
6.21%
NOI
£29,500
Tenancy
Single
Number of Floors
2
Plot ratio
1.09
Total Plot Size
0.02 ac
Frontage
27 ft on Kentish Town Rd.
Amenities
- 24 Hour Access
- Bus Route
- Accent Lighting
- EPC - C
- Storage Space
- Air Conditioning
- Smoke Detector
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Nearby Major Retailers
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308 Kentish Town Rd
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