Investment Summary
- Stunning six storey Georgian property in
a prominent corner position.
- Located in one of London’s most exclusive neighbourhoods, juxtaposed between Hampstead, Belsize Park and Primrose Hill,
a short distance from Central London.
- Situated at the corner of England’s Lane, Haverstock Hill and Antrim Road, in direct proximity to Belsize Park’s shopping and leisure amenities and Underground Station.
- Surrounded by some of Belsize Park’s most sought after residential roads.
- Former nurses accommodation currently used
to provide 162 fully self contained studio units.
- Total accommodation of 5,422.4 sq m
(58,366 sq ft) GIA.
- Studio units range from 15.5 sq m (167 sq ft)
to 29.5 sq m (318 sq ft).
- Rolling refurbishment works are being undertaken by the tenant at a substantial cost.
- Let to the Mayor and Burgesses of the London Borough of Camden without security of tenure
on a 10 year lease expiring March 2014.
- Current rent passing of £1,891,380 per annum subject to annual unfettered RPI linked increases, with the final review in March 2013.
- Freehold interest.
- Seeking offers in excess of £26 million reflecting the following attractive profile:
- Net Initial Yield: 6.88%
- Capital Value Per Unit: £160,500
- Capital Value Per Sq Ft: £445