5 Camden Road Camden Town London NW1 9LG

5 Camden Road
Camden Town
London
NW1 9LG

Freehold Retail and Residential Investment

Let to William Hill Organisation Ltd until 2023
Located in a highly fashionable north-west London suburb
Prominent position on the busy Camden Road
Approximately 100 metres from Camden Town Underground Station
Six Week Completion

Lot
35
Auction
11th July 2013
Rent
£35,250 per Annum Exclusive
Status
Sold
Price
£620,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Let to William Hill Organisation Ltd until 2023
Located in a highly fashionable north-west London suburb
Prominent position on the busy Camden Road
Approximately 100 metres from Camden Town Underground Station
Six Week Completion

Lot 35
Auction 11th July 2013
Rent £35,250 per Annum Exclusive
Status Sold
Price £620,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 0.4 miles north-east of Regents Park, 1 mile north of London’s West End
Roads: Camden Road (A503), Camden High Street, Kentish Town Road
Rail: Camden Town Underground Station (Northern Line), London Euston Railway Station, London St Pancras Railway Station
Air: London City Airport, London Heathrow Airport

Situation

Camden Town is a highly fashionable North London suburb famous for its market and Camden Lock which draws in a large tourist population to the area. The property is located in a prominent position on the north side of the busy Camden Road which adjoins Camden High Street and is some 100 metres from Camden Town Underground Station. The property lies in an established retail area offering shops, restaurants and bars.

Tenure

Freehold.

Location

Miles: 0.4 miles north-east of Regents Park, 1 mile north of London’s West End
Roads: Camden Road (A503), Camden High Street, Kentish Town Road
Rail: Camden Town Underground Station (Northern Line), London Euston Railway Station, London St Pancras Railway Station
Air: London City Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with self-contained residential accommodation on the first and second floors. The tenant also occupies the adjoining property and has created internal access between the two properties.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

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	Retail	116.97 sq m	(1,259 sq ft)	WILLIAM HILL ORGANISATION LTD (1)	15 years from 13/06/2008 until 2023	£35,000	2013 and 2018
First/ Second	Residential			INDIVIDUAL	125 years from 20/12/2007	£250 (2)	Rental increase to £500 in 2032
Totals		116.97 sq m	(1,259 sq ft)			£35,250

(1) For the year ending 01/01/2013, William Hill Organisation Ltd reported a turnover of £15,782,169,000, pre-tax profits of £301,096,000 and a total net worth of -£726,942,000. (Source: www.riskdisk.com 25/04/2013). William Hill is the UK’s leading bookmaker and one of the most recognised and trusted brands in the gambling industry, providing gaming and betting services across multiple channels; online, on the high street, on the phone and on the move. They have been listed on the London Stock Exchange (WHM.L) since 2002 and employ over 15,000 with 2,370 licensed betting shops across the UK. (Source: www.williamhillplc.com 25/04/2013).
(2)The lease provides for the rent to double every 25 years.