Kentish Town Road, London NW5 Residential development for sale

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Kentish Town Road, London NW5 Residential development for sale

Kentish Town Road, London NW5
£3,000,000

Our Summary

  • Planning granted for two further Two-bedroom flats via York Rise from planning application number 2019/2014/P, works not started and interested
  • PLANNING FOR FURTHER THREE FLAT 2 X 2 BED AND 1 X 1 BED FLAT (interested parties to undertake due diligence to satisfy themselves with regards to planning)

Description

The property is situated on Kentish Town Road, a busy shopping location in north London, with a mix of shops, restaurants, and amenities. The site includes a restaurant takeaway on the basement and ground floor, let on a 15-year lease, as well as a three-bedroom maisonette above. The ground floor shops are let to Betfred on a 10-year lease, with a rent review in 2029 and a tenant break option in 2029. The upper floors are let on ASTs, with a vacant third-floor flat that has planning permission to be converted into two further two-bedroom flats. The property benefits from a central location, close to Kentish Town Tube station and a range of local amenities, including supermarkets and restaurants.