164 Regent’s Park, London (Ground Floor and Basement)

INVESTMENT SUMMARY

  • Rarely available long leasehold retail investment.
  • Prestigious and desirable London village location.
  • Tenant in occupation since 1994.
  • Flexible lease terms.
  • Available at £800,000, 5% net initial yield. Rent may be reversionary.
  • No VAT.

 

LOCATION

The property is located in the exclusive north London village of Primrose Hill in the London Borough of Camden. Regent’s Park Road is renowned for its cafes, restaurants and high class shops and is one of London’s most desirable “village” locations.

The location is a prestigious residential area surrounding Regent’s Park with an affluent local catchment area.

Regent’s Park Road has a mixture of national and independent occupiers including Space NK, Joe & The Juice, Savills, John D Wood, Roni’s Bagel Bakery & Café, Anna Ladieswear and Cowshed.

 

 

ACCOMMODATION

The property comprises ground floor and basement with the following approximate  areas:-

Ground Floor

 Sales

 

489.9 sq ft

 

45.52 sq m

 Storage99.1 sq ft9.21 sq m
Basement

 Sales

 

376.3 sq ft

 

34.96 sq m

 Storage46.7 sq ft4.34 sq m

 

TENANCY SCHEDULE

TenantLease Start DateLease

Length

Lease ExpiryRent paxRent Review

 

Other Terms
Graham & Green

Limited

 

3.8.20243 yrs2.8.2027£43,500N/AMutual break on 6 months notice (not to be served 1st October – 28th February).  Outside Landlord & Tenant Act 1954.

TENURE

The property is held on a long lease from 29th September 1993 for 999 years at one peppercorn rent.

TENANT COVENANT INFORMATION

Graham & Green is a distinguished British retailer renowned for its eclectic and stylish range of home furnishings, furniture and home accessories.  The company was founded in 1974 and remains family owned with stores in Bath, Trowbridge, Paddington, and Notting Hill, together with a strong online presence.  Graham and Green have traded from the property since 1994.

VAT

The property is not elected for VAT.  The sale will not be subject to VAT.

RATEABLE VALUE

We understand from the Valuation Office Agency website that the property has a current rating assessment of £49,500, with effect from 1 April 2023, increasing to £56,500 from 1 April 2026.  Interested parties are advised to make their own enquiries.

EPC

The property has am EPC rating of B.  Further details are available upon request.

PROPOSAL

Offers are invited in excess of £800,000 (Eight hundred thousand pounds) for the long leasehold interest of the property.  A purchase at this level will reflect a net initial yield of approximately 5% after purchaser’s costs of  5.5% on a total income of £43,500 pax.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in this transaction.

ANTI MONEY LAUNDERING

In accordance with Anti Money Laundering Legislation, the purchaser will be required to provide proof of identity and address to the selling agents prior to solicitors being instructed.

 

 

Francis Darrah for themselves and as Agents for the proposed Vendor(s) or Lessor(s) give notice: 1. That they do not make or give either in these particulars or in negotiations or otherwise any warranty or representation whatever in relation to the property. 2. Any plan attached to these particulars is for identification purposes only and all measurements are given as a guide and no liability can be accepted for errors arising therefrom. 3. The property being open to inspection any intended purchaser must satisfy himself as to the accuracy of these particulars and he will be deemed to have full knowledge thereof. 4. No liability can be accepted for any misstatement, omission or errors in these particulars. 5. These particulars do not constitute an offer or Contract or any part thereof.

 

< Back to properties