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RIB Sell Camden Freehold Property on Parkway
Our highly successful investment team have sold a freehold mixed use investment located at 39 Parkway, NW1.
About the property
We are delighted to announce the sale of this Camden freehold property which is located near multiple transport links. The ground floor is let to Oliver Bonas at £52,000 per annum expiring in 2023. The upper parts are let on an assured shorthold tenancy at £39,519.96 per annum. The Camden freehold is arranged over basement, ground, first, and second floors and is held freehold.
This Camden freehold property is located in a prime position on Parkway, close to the junction with Arlington Road. Camden Town Underground Station is approximately. 100 metres away. Nearby traders include Yamcha, Strada, Cote Brassiere, GAP, CafeNero, Starbucks, Odeon Cinema, and Pizza Express. Camden Town is serviced by multiple transport links, Camden Town Underground station (Northern Line) which provides quick access to West End, City and London Suburbs. Camden also has excellent road communications with the A1, A41, A5 and A502 all easily accessible.
Camden Market has been ranked as London’s fourth-largest attraction with approximately 100,000 people visiting the stalls and shops each weekend. The market has approximately 280 stalls and 54 shops. The Camden area generates £1.2 billion from visitor spending and has 24,400 businesses – the second largest in London after Westminster.
39 Parkway comprises a terraced building arranged over4 floors (basement, ground,1st and 2nd floors). The ground and basement floors have retail use with the two upper floors arranged as a 3 bedroom maisonette (accessed via its own self contained entrance). There is also a large terrace at 1st floor level. The property totals 1,739 square feet and freehold properties in Camden are highly sought after.
The main commercial tenant in this mixed use Camden freehold property is Oliver Bonas. Oliver Bonas is a home ware and fashion retailer who have been established since 1993, they now occupy 55 stores nationwide. Oliver Bonas have made an increased profit year on year with their latest accounts showing a net profit in excess of £850,000. (Source – Companies House).
We were delighted to have sold this property having also sold and acquired a number of other freehold properties in the Camden area, cementing our position as one of the most renowned agents operating in this highly competitive submarket.
Investment
Team
Contact one of our investment team if you are looking to sell or acquire a freehold property in Camden or anywhere else in the UK:
Board Director