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51 Chalk Farm Rd 1,450 sq ft Retail Unit Offered at £800,000 in London NW1 8AN
INVESTMENT HIGHLIGHTS
- In the heart of Camden
- Great connectivity
- Prominent frontage
EXECUTIVE SUMMARY
Mixed Use Investment comprising a ground floor lock up shop together with a duplex flat with a large terrace. The shop is let on a new 5 year lease at £35,000 pax whilst the 1 bedroom flat above is let on an AST at £24,000. Total income £59,000 pax The building has been comprehensively refurbished at a cost of over £600,000. There is scope to develop up and potentially out as well in due course. The property is in the heard of the Chalk Farm Regeneration area where over 1,600 flats and 400 student units are being developed. Later this year Morrisons will move into the Camden Goods Yard Scheme opposite and the temporary store will be developed into retail units with offices above.
PROPERTY FACTS
| Total Property Size | 1,503 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 501 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1901 |
| Costar Property Class | B | Total Plot Size | 0.03 ac |
| Total Property Size | 1,503 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 501 sq ft |
| Year Built | 1901 |
| Total Plot Size | 0.03 ac |
AMENITIES
- 24 Hour Access
- Security System
- Roller Shutters
- Roof Terrace
1 UNIT AVAILABLE
Unit 51
| Unit Size | 1,450 sq ft | Sale Type | Investment |
| Price | £800,000 | Tenure | Freehold |
| Price Per sq ft | £551.72 | Net Initial Yield | 7.35% |
| Unit Use | Retail | NOI | £58,800 |
| Unit Size | 1,450 sq ft |
| Price | £800,000 |
| Price Per sq ft | £551.72 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.35% |
| NOI | £58,800 |
DESCRIPTION
The unit extends to 875 sq ft arranged as a small shop with a new window frontage leading to a large recently built sky lit extension with exposed steel beams. The upper part comprises a self contained duplex flat with a large terrace.
There is potential to add an extra floor and perhaps build out onto the terrace subject to planning.
SALE NOTES
Offers in the region of £800,000.
Interior
Interior
Interior
NEARBY MAJOR RETAILERS
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51 Chalk Farm Rd
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