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Holmes Road, London, NW5

Offers in Excess of
£3,000,000

£368.64 per sq ft

Business rates & charges may apply

ESTATE OFFICE INVESTMENTS LIMITED, London
SIZE AVAILABLE

8,138 sq ft

756 sq m

SECTOR

Pub for sale

USE CLASSUse class orders: C3 Dwelling Houses

C3

Key features

  • Mixed-use building
  • 0.3 miles from Kentish Town Station (Northern Line & Thameslink)
  • HMO element is fully let producing £136,320 per annum.
  • Total ERV £561,000 per annum
  • The existing planning use of the commercial unit is Sui Generis
  • Offers in excess of £3,000,000
  • Low Capital Value of £389

Description

An opportunity to acquire a charming mixed-use building in prime Kentish Town, NW5.

Located 0.3 miles from Kentish Town Station (Northern Line & Thameslink) and Kentish Town West Station (Overground).

Arranged as a vacant Public House on the ground floor and basement, the upper parts comprise a 14 unit House in Multiple Occupation (HMO), there is also a one bedroom apartment in the basement (Use Class C3).

The HMO element is fully let, currently producing £136,320 per annum.

Total existing GIA 6,679 sq ft / Proposed GIA 8,138 sq ft.

Planning permission has been granted to increase the HMO accommodation to 22 units by way of rear and upward extensions, with the retention of the existing pub and C3 dwelling.

The estimated rental value of the residential element is in the region of £486,000 per annum.

The estimated rental value of the commercial element is in the region of £60,000- £75,000 per annum.

Total ERV £561,000 per annum.

There is potential to further enhance the scheme by reconfiguring the existing layout to create 32 Self-contained studios subject to obtaining the necessary consents. Indicative plans are available within the data room.

The existing planning use of the commercial unit is Sui Generis.

The building is not elected for VAT.

Freehold.

PROPOSAL

Offers in excess of £3,000,000 (Three Million Pounds). A purchase at this level reflects an
incredibly low capital value of £389 against the consented GIA.

Brochures

Holmes Road, London, NW5

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kentish Town West Station0.1 miles
  • Kentish Town Station0.3 miles
  • Chalk Farm Station0.4 miles

About ESTATE OFFICE INVESTMENTS LIMITED, London

Ground Floor 1 Finchley Road, London, NW8 9TT

A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.

Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly to deliver the best possible outcomes for our clients. Entrepreneurial in style with the success which comes with several decades of service, our clients see Estate Office as their long-standing agency of choice

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 89HolmesRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ESTATE OFFICE INVESTMENTS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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