Sold

England's Lane Residence, London, NW3

London - M25

Dba313

Other
£26,000,000 +

Tenure: Freehold
Tenancy: Single Let

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 inked 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

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Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.