RIB’s Investment Team have completed the sale of a Long Leasehold Interest
Completed sale of a Long Leasehold Interest at 192 Haverstock Hill, immediately adjacent to Belsize Park Underground Station
About the property
Belsize Park is an affluent London suburb located within the Borough of Camden. It is located 0.6 miles from Hampstead Village, 1.2 miles from Kentish Town to the east and 0.9 miles from Primrose Hill to the south. Belsize Park Underground Station is located on the Northern Line and sees approximately 5.5 million people pass through it annually. In addition to the significant station footfall, the Royal Free Hospital is approximately 0.2 miles from the property and is one of the key teaching hospitals in the capital with over 7 million visitors each year.
The property was comprehensively refurbished to provide a number of luxury residential flats above an outstanding retail unit, which RIB’s commercial agency team let to Pret A Manger on an 18.5 year lease without breaks, at £150,000 pa.
Having successfully let the property for our client to Pret A Manger, we were delighted that our investment team were able to advise on the subsequent sale to a Private Investor. This is a prime example of how RIB was able to assist our client from the beginning to the end of the project.