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315-317-319 Kentish Town Road 2 Retail Properties Offered at $3,000,000 in London
INVESTMENT HIGHLIGHTS
- Situated on Main High Street
- Inner London location
- Proximity to Franco Manca, Iceland, Sainsbury and Co-Op
EXECUTIVE SUMMARY
Freehold Investment/development for Sale: 3 Retail units with residential accommodation above.
Gross Rent: £136,700 pax (exclusive)
The premises for sale:
315 Kentish Road, NW5, comprises a shop trading as a restaurant take away over basement and ground level, recently refurbished and let on 15-year lease from 08/09/2020 producing £42,000pax, approx. 1870 sqft with benefit of planning use A1/A3. The upper floors comprise a three-bed maisonette over first and second floors sold on a 189-year lease from 25 May 1986 at peppercorn ground rent.
317-319 Kentish Town Road, comprises ground floor retail units let to Done Brothers (Cash Betting) trading as Betfred from 22/01/2024, term of 10 years passing rent £50,000 pax. Rent review on 22/01/2029, tenant-only break on 21/01/2029 with benefit of Sui Generis use. Approx. 2,240 sqft. First floor flat approx. 623 sqft, let on AST at £23,400 for 12 months term from 24/06/2025. Second floor flat approx. 658 sqft let on AST at £21,300 pax for 24 months from 01/05/2024. Third floor flat built out as a two-bedroom flat but not finished and currently vacant.
Planning granted for two further, two-bedroom flats via York Rise from planning application number 2019/2014/P, works not started and interested parties to undertake due diligence to satisfy themselves with regards to planning.
Gross Rent: £136,700 pax (exclusive)
The premises for sale:
315 Kentish Road, NW5, comprises a shop trading as a restaurant take away over basement and ground level, recently refurbished and let on 15-year lease from 08/09/2020 producing £42,000pax, approx. 1870 sqft with benefit of planning use A1/A3. The upper floors comprise a three-bed maisonette over first and second floors sold on a 189-year lease from 25 May 1986 at peppercorn ground rent.
317-319 Kentish Town Road, comprises ground floor retail units let to Done Brothers (Cash Betting) trading as Betfred from 22/01/2024, term of 10 years passing rent £50,000 pax. Rent review on 22/01/2029, tenant-only break on 21/01/2029 with benefit of Sui Generis use. Approx. 2,240 sqft. First floor flat approx. 623 sqft, let on AST at £23,400 for 12 months term from 24/06/2025. Second floor flat approx. 658 sqft let on AST at £21,300 pax for 24 months from 01/05/2024. Third floor flat built out as a two-bedroom flat but not finished and currently vacant.
Planning granted for two further, two-bedroom flats via York Rise from planning application number 2019/2014/P, works not started and interested parties to undertake due diligence to satisfy themselves with regards to planning.
PROPERTY FACTS
| Price | $3,000,000 | Number of Properties | 2 |
| Price / SF | $729.93 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 4,110 SF |
| Status | Active | Total Land Area | 0.14 AC |
| Price | $3,000,000 |
| Price / SF | $729.93 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,110 SF |
| Total Land Area | 0.14 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 317-319 Kentish Town Rd, London NW5 2TJ | Retail | 2,240 SF | 1960 | - |
| 315 Kentish Town Rd, London NW5 2TJ | Retail | 1,870 SF | 1920 | - |
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315-317-319 Kentish Town Road
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