Description

DESCRIPTION: The building is set back from Camden Road, accessed via a passageway adjacent to The Unicorn public house. We understand that 225a Camden Road has the benefit of a right of way over the entrance passageway. The self-contained building provides B1 accommodation across the ground and first floors. The ground and first floors both accommodate a range of music recording studios and storage accommodation. There is are three WCs on the first floor.  

LOCATION: The building sits off Camden Road, close to its junction with Brecknock Road. Camden Road allows direct access to Camden Town to the south, and Holloway and Tottenham to the north. Public transport links are good with bus routes running along Camden Road, Brecknock Road and York Way. The property is also located an equidistant 12-minute walk from Kentish Town, Caledonian Road and Camden Road stations, serving the Northern, Piccadilly, Overground and Thameslink lines collaboratively.  

PLANNING AND TENURE: Freehold - The building benefits from a lapsed planning permission from January 2004 for "Demolition of an existing 2 storey office (B1) building and erection of a 3- storey building for (B1) office/ recording studios".

The property is currently occupied by The New Rose Studios until 31st March 2019 receiving £76,125 per annum + VAT.  

USE CLASS:  

B1a.  

PROPOSAL: Unconditional offers are invited in excess of £2,250,000 for the freehold interest. A purchase at this price reflects a low capital value of £428.57 per sq. ft.  

VAT: The building is elected for VAT.