PROPERTIES

Exceptionally Rare Opportunity To Acquire A Landmark Mixed-Use Investment In One Of London's Most Affluent Neighborhoods

Summary

• Under the same ownership for the past 50 years.
• Landmark Commercial building in the heart of Belsize Park, one of the most affluent residential areas in London.
• Located just 3 miles north of Central London opposite Belsize Park Tube Station providing regular northern line services to the West End and The City.
• The property comprises a retail parade, a cinema, office accommodation, and a collection of residential flats sold off on long leases.
• Freehold
• Tenant lineup includes Budgens, Boots, and Everyman Cinema.
• Budgens have recently spent in excess of £2M on a new fit out.
• Annual rent of £1,156,160 per annum.
• Suitable for a number of asset management opportunities subject to necessary planning consents.
• Offers in excess of £18,050,000 (EIGHTEEN MILLION AND FIFTY THOUSAND POUNDS) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6% after allowance for purchasers’ costs of 6.75%.