Lamia House, 3A Chalton Street, London NW JD A rare investment opportunity to purchase a remodelled and refurbished five storey modern apartment block investment with retail unit, in a sort after location.
Summary Three one bed flats with a roof terrace, garden and balcony. One two bed maisonette with a further roof terrace One retail unit let to a hairdressing business Excellent transport links Secure balanced rental stream based on mixed use Good specification Existing planning consent to extend one flat and create a new terrace Freehold asking price 2,500,000 giving a capital value of,007 p.s.f (GIA)
Location Chalton Street is located just off the Euston Road in Central London. There are a wide variety of shops, restaurants and bars close by; whilst a fashionable street market takes place ever Friday. The 65 acre Kings Cross regeneration scheme, one of Europe s largest re-development projects, is located a short distance away. The British Library and the British Museum are within a short walk as well as various educational institutions such as SOAS (School of Oriental and African Studies) UCL and Birbeck, University of London. The famous Camden Market is located nearby. Transport The property is very well served by local, national and international transport. Euston, Euston Square and King s Cross stations are a short walk to reach the Underground Circle, Metropolitan, Piccadilly, Victoria, Northern, Hammersmith and City Lines. National rail services are accessed from London Euston and Kings Cross. St Pancras International station serving European destinations is closeby. Lamia House Map
Description The entire building has been fully refurbished and remodelled to give a modern high specification feel. The terraces and garden are attractive and the south-west facing. We would highly recommend an internal inspection to properly see all the amenities and demonstrate how the lower floors interact and open out the garden to the rear. Exisiting schedule of accommodation Unit Floor Sq ft/m 2 NIA Beds Bathroom Outside Space Flat Lower Ground Floor 45/39 Garden Flat 2 Raised Ground Floor 442/4 Balcony Flat 3 First Floor 36/34 Terrace Duplex 4 Second and Third 55/48 2 Terrace Retail unit Part ground and lower ground 338/3 - - - Total 2,07 sq ft (NIA) / 93m 2 2,483 sq ft (GIA) / 23 m 2
Tenancies There are presently two individuals and one company renting three of the flats. The top floor maisonette is occupied by the sellers and they will give vacant possession at completion or lease back the maisonette for a short while. The tenant on the ground floor hairdressing business would want to renew his commercial lease next year for a further period if agreed. Tenant Schedule Unit Lease Terms Tenants Rental Income Flat 2 month AST from 6.8.6 Nicholas Thong 20,800 Flat 2 2 month AST from 27.9.6 Juan Morgan 20,800 Flat 3 2 month Tenancy agreement from.6.7 Management Solutions Europe UK Ltd 2,060 Maisonette 4 Owner occupied - 3,200 (ERV) Retail Unit Standard FRI 5 years from 29.8.3 Yoshiaki Hori 0,500 Total 04,360
Planning Planning consent was given 26th May 206 by the London Borough of Camden Borough Council Application Number: 206/0826/P. For the erection of a first floor rear extension including second floor roof terrace, erection of balustrade, and installation of roof light (revised). This, as yet, unimplemented consent has considerable value both from the proposed additional 60 square feet/4.9m 2 of resided space (subject to survey) but also the creation of another roof terrace.
For futher information and to arrange an inspection contact: Simon Maine-Tucker simonmainetucker@dexters.co.uk 020 7650 529 Dexters Land and New Homes Mayfair 66 Grosvenor Street. London WK 3JL We aim to make our particulars both accurate and reliable. However they are not guaranteed; nor do they form part of an offer or contract. If you require clarification on any points then please contact us, especially if you re travelling some distance to view. Please note that appliances and heating systems have not been tested and therefore no warranties can be given as to their good working order.