315-317-319 Kentish Town Road

Freehold Investment/development for Sale: 3 Retail units with residential accommodation above.
Gross Rent: £136,700 pax (exclusive)
The premises for sale:
315 Kentish Road, NW5, comprises a shop trading as a restaurant take away over basement and ground level, recently refurbished and let on 15-year lease from 08/09/2020 producing £42,000pax, approx. 1870 sqft with benefit of planning use A1/A3. The upper floors comprise a three-bed maisonette over first and second floors sold on a 189-year lease from 25 May 1986 at peppercorn ground rent.
317-319 Kentish Town Road, comprises ground floor retail units let to Done Brothers (Cash Betting) trading as Betfred from 22/01/2024, term of 10 years passing rent £50,000 pax. Rent review on 22/01/2029, tenant-only break on 21/01/2029 with benefit of Sui Generis use. Approx. 2,240 sqft. First floor flat approx. 623 sqft, let on AST at £23,400 for 12 months term from 24/06/2025. Second floor flat approx. 658 sqft let on AST at £21,300 pax for 24 months from 01/05/2024. Third floor flat built out as a two-bedroom flat but not finished and currently vacant.
Planning granted for two further, two-bedroom flats via York Rise from planning application number 2019/2014/P, works not started and interested parties to undertake due diligence to satisfy themselves with regards to planning.