Freehold Retail and Residential Investment

Kentish Town is a fashionable and affluent north London suburb approximately 3 miles north of London's West End, situated 1 mile north of Camden Town and 2 miles north of Regent's Park. The property is prominently located on the west side of the busy Kentish Town Road, close to its junction with Leighton Road and within walking distance of Kentish Town Underground and Thameslink stations, as well as Kentish Town West Overground station. The area is highly accessible via major local roads including the A1, A400, A503 Camden Road, and A5203 Kentish Town Road, with air travel links available via London City Airport and London Heathrow Airport. Nearby occupiers include PureGym located adjacent, Nando's, Boots Pharmacy, Tesco Express, Aldi, British Heart Foundation, Oxfam, and a wide range of independent businesses. The property comprises a substantial double-fronted retail unit arranged on the ground floor, offering a total approximate commercial floor area of 127.50 sq m (1,372 sq ft), together with residential accommodation over the first, second, third, and fourth floors which has been sold off on a long lease. The retail unit is let to Octavia Housing trading as Octavia Foundation on a 5-year lease from 11th August 2023 with no breaks. The property is held freehold and generates a total current rent of £36,900 per annum exclusive. VAT is not applicable to this lot.