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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.
| Price | £750,000 |
| Unit Size | 875 SF |
| No. Units | 1 |
| Total Building Size | 1,503 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 501 SF |
| Year Built | 1901 |
| Lot Size | 0.03 AC |
| Unit Size | 875 SF |
| Price | £750,000 |
| Price Per SF | £857.14 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.38% |
| NOI | £55,350 |
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.
Offers in the region of £750,000.
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