38 Camden High St
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38 Camden High St
2,389 SF 100% Leased Retail Building London NW1 0JH $2,174,399 ($910/SF) 6.89% Cap Rate
Investment Highlights
- An extremely well located building
- 1 minute walk to Camden Town Station and Mornington Crescent Station
- Located in the in the upper parts in a prime Camden High Street
Executive Summary
The existing building comprises 2,389 sq.ft/ 231 sq.m
The basement and ground floors (Use Class E) are let to Dominos Pizza on a 25 year lease (from 2020 at £45,000 pa)
The first, second and third floor (Use Class C3/ residential) feature 3 x residential flats producing a further total of £75,600 pa
One of the flats requires refurbishment and the commercial lease is reversionary which should increase the income to £143,600 pa
1 minute walk to Camden Town Station and Mornington Crescent Station
Freehold -Price: £1,750,000 (Subject to Contract)
The basement and ground floors (Use Class E) are let to Dominos Pizza on a 25 year lease (from 2020 at £45,000 pa)
The first, second and third floor (Use Class C3/ residential) feature 3 x residential flats producing a further total of £75,600 pa
One of the flats requires refurbishment and the commercial lease is reversionary which should increase the income to £143,600 pa
1 minute walk to Camden Town Station and Mornington Crescent Station
Freehold -Price: £1,750,000 (Subject to Contract)
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,389 SF
Building Class
B
Year Built
1776
Price
$2,174,399
Price Per SF
$910
Cap Rate
6.89%
NOI
$149,847
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.42
Lot Size
0.02 AC
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38 Camden High St
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