155-157 Queens Crescent
1,654 SF Retail Building London NW5 4EA $532,144 ($322/SF)
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INVESTMENT HIGHLIGHTS
- End of Terrace Building
- Income Producing
- Virtual Freehold But Freehold Available by Negotiation
- Corner Frontage
- EPC Rating C
- No VAT Applicable
EXECUTIVE SUMMARY
An opportunity to acquire a virtual freehold retail property in a busy location on Queens Crescent. The property is mostly open plan with excellent natural light, a kitchen / break out room to the rear and WCs.
Positioned in a vibrant area with strong footfall, close to Kentish Town and Tufnell Park, this property benefits from excellent transport links and a thriving local community.
The property is leased to the gaming company Rogues Quarter Limited under a term beginning on 1st May 2020, and ending on 30th April 2030. The lease is exempt from the provisions of the 1954 Landlord and Tenant Act.
A rent review is scheduled for May 1, 2025. The tenant has an option to determine the lease on 1st November 2025, providing 6 months prior written notice.
The current passing rent is £30,000 per annum, with a rent deposit of £9,000 held.
PROPERTY FACTS
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 2,895 SF
- -
- Apr 2030
Rogues Quarter is a Board Game Cafe situated in Kentish Town, north London. They host Magic The Gathering events as well as huge 6x4' gaming tables for all Wargaming needs. With their extensive menu of food, drink and board games including kickstarter exclusives, it is a fun place to be.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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- | 2,895 SF | - | Apr 2030 |
NEARBY MAJOR RETAILERS
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