Retail premises for sale in Albany Street, London NW1, £1,290,000

1,290,000.00

Offer Nr.:
61838434
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Robert Irving Burns
Phone(s):
020 8128 0467

* Leasehold
**Key Points**
* Grade II Listed Office/Retail Premises for sale/to let
* Two Neighboring Commercial Premises Arranged over ground and lower ground floors
* Available together or individually
* Measuring 872 - 2, 247 sq ft (plus 97 - 108 sq ft of vaults)
* Recently refurbished
* Available with vacant possession
* Held on a 99 year Long Leasehold Interest from 20th February 1987 (approx. 63 years unexpired)
* The property is not elected for VAT
**Description**
The properties have recently undergone comprehensive refurbishment, and are
arranged over ground and lower ground floor. The ground floors benefit from a
floor to ceiling height of approx. 2. 9 m, large window frontages allowing
natural light to flow into the property. The lower ground floors have a good
floor to ceiling height of approx. 2. 4 m, with windows and 3 x vaults suitable
for storage. Both properties benefit from a new comfort cooling system as well
as kitchenettes, an entry intercom system and integrated network cabling.
There is rear access via Chester Gate.
The Head Lease allows for office and retail use only and the properties are
Grade II Listed.
**Viewings**
Strictly through sole agents Robert Irving Burns.
**Location**
The property is located on the corner of Albany Street and Chester Gate and is
adjacent to the well renowned Regent’s Park. The immediate location is
primarily of residential use, with local amenities including Regent’s Park,
zsl London Zoo, Regent’s Park Open Air Theatre, Madame Tussauds, The Sherlock
Holmes Museum as well as independent and national cafes and restaurants.
Regent’s Park, Great Portland Street, Warren Street and Euston Square are all
within a few minutes walking distance south of the property. London Euston is
towards the East providing Avanti West Coast, Caledonian Sleeper, Overground
and West Midlands Trains services.
**Terms**
A new effective Full Repairing and Insuring leases contracted outside the
Landlord & tenant Act 1954 is available direct from the landlord for a term to
be agreed.
**Tenture**
Held on a 99 year Long Leasehold Interest, commencing 20th February 1987, with
approximately 63 years unexpired, subject to ground rent.
**Letting**
A new effective Full Repairing and Insuring lease contracted outside the
Landlord & tenant Act 1954 is available direct from the landlord for a term to
be agreed.
Gross rent of £85, 000 per annum (85) and £50, 000 per annum (81), inclusive of
business rates, service charge and estate charge.

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