242 Kentish Town Road London NW5 2AB

242 Kentish Town Road
London
NW5 2AB

Freehold Retail and Residential Investment

  • Retail let to Foxtons Limited on Assignment to Holland & Barrett Retail Limited until 2030 (subject to option)
  • Fashionable and Affluent North London suburb
  • Approximately 120 metres south of Kentish Town Underground (Northern Line) and Overground Station
  • Nearby occupiers include McDonald’s, Superdrug, Sainsbury’s Local and Costa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    36
  • Auction
    8th December 2016
  • Rent
    £87,650 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,740,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Retail let to Foxtons Limited on Assignment to Holland & Barrett Retail Limited until 2030 (subject to option)
  • Fashionable and Affluent North London suburb
  • Approximately 120 metres south of Kentish Town Underground (Northern Line) and Overground Station
  • Nearby occupiers include McDonald’s, Superdrug, Sainsbury’s Local and Costa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 36
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £1,740,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
1 mile north of Camden, 1.3 miles north east of Regent’s Park, 2.4 miles north of London’s West End
Roads
A1, A400
Rail
Kentish Town Underground Station (Northern Line), Kentish Town Overground Station
Air
London City Airport, London Heathrow Airport
Situation

Kentish Town is a fashionable and affluent north London suburb approximately 2.4 miles north of London's West End. The property is situated on the east side of busy Kentish Town Road, close to its junction with Holmes Road and some 120 metres south of Kentish Town Underground and Overground Station. Neighbouring occupiers include McDonald's directly opposite, Superdrug, Sainsbury's Local, Co-operative Food and Costa.

Tenure

Freehold.

Location
Miles
1 mile north of Camden, 1.3 miles north east of Regent’s Park, 2.4 miles north of London’s West End
Roads
A1, A400
Rail
Kentish Town Underground Station (Northern Line), Kentish Town Overground Station
Air
London City Airport, London Heathrow Airport
Situation

Kentish Town is a fashionable and affluent north London suburb approximately 2.4 miles north of London's West End. The property is situated on the east side of busy Kentish Town Road, close to its junction with Holmes Road and some 120 metres south of Kentish Town Underground and Overground Station. Neighbouring occupiers include McDonald's directly opposite, Superdrug, Sainsbury's Local, Co-operative Food and Costa.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation and 3 self-contained residential flats on the first, second and third floors, which are each let on a 125 year lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation and 3 self-contained residential flats on the first, second and third floors, which are each let on a 125 year lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reviews
Ground
Basement
Retail
Ancillary
135.40 sq m
59.16 sq m
1,457 sq ft
637 sq ft
FOXTONS LIMITED
(on assignment to Holland & Barrett
Retail Limited with an Authorised
Guarantee Agreement) (1)
15 years from 22/06/2015
until 2030 on a full
repairing and insuring lease (2)
£87,500 22/06/2020
22/06/2025
First, Second
& Third
Residential
3 x Self-Contained Flats
PYE PROPERTIES LIMITED 125 years from 10/11/2016
until 09/11/2141
£150 (3) 29/09/2056
29/09/2096
Total Commercial Area  
194.56 sq m
2,094 sq ft
    £87,650  

(1) For the year ending 31st December 2015, Foxtons Limited reported a turnover of £141,537,149, pre-tax profits of £40,662,864 and a total net worth of £14,283,759 (Source: www.riskdisk.com 07/11/2016). For the year ending 30th September 2015, Holland & Barrett Retail Limited reported a turnover of £424,662,000, pre-tax profits of £129,456,000 and a total net worth of £326,224,000. (Source: www.riskdisk.com 24/10/2016). Holland & Barrett are in the process of fitting out for occupation.
(2) The lease provides for a tenant option to determine the lease on 21/06/2025.
(3) The leases provide for the ground rent of each flat to increase to £500 per annum exclusive on 29/09/2056 and £1,000 per annum exclusive on 29/09/2096.

Property Documents

  • Site Plan
    Updated Date
    12.11.19
    File Size
    54 KB
    View PDF
  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    975 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Russell Cooke Solicitors 8 Bedford Row
London
WC1R 4BX
Thomas Ferguson 02074 404 808thomas.ferguson@russell-cooke.co.uk  Kathrin McClintock 0207 440 4834Kathrin.McClintock@Russell-Cooke.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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