Development
properties

1 Hampshire Street London NW5 2TE

Offers in excess of £5,250,000

A rare freehold development opportunity to acquire a mixed-use development site

Planning permission granted for a four storey mixed-use development to provide office accommodation at ground floor and 16 flats above

Plot measuring approximately 6,985ft2

Prime north London location

0.5 miles to Kentish Town station

The current property is let for a term of 3 years (3 month’s notice) with a current rent reserved at £46,000 p.a

100% private scheme

Freehold

Offers in excess of £5,250,000

Site Description

The existing demise currently comprises a two storey light industrial building (B1) arranged over ground and first floors. The existing building extends to approximately (6,985ft2).

Location

The property is situated in Kentish Town, within the London Borough of Camden and located on Hampshire Street. The surrounding area comprises a selection of vibrant restaurants, pubs, cafes and bars along with all of the local amenities. Hampstead Heath and Regents Park are both a very short walk away offering vast amounts of green space. The area itself attracts young professionals due to its very accessible transport links.

Transport

The property benefits from excellent transport links. Kentish Town station is situated 0.5 miles to the west of the property with Caledonian Road underground station being 0.7 miles to the east. Camden Road (A503) provides direct links to the A1 and A10 connecting Camden with both central London and the M25. Local bus routes connect perfectly with the Hampstead area, Finsbury Park and Central London.

Planning Permission

Planning permission has been granted under planning reference: 2017/2883/P in April 2019 for the redevelopment of the site to provide a 4-storey building with 334sq.m of commercial floorspace (B1) and 16 residential units (5 x 2-bedroom, 6 x 1-bedroom and 5 x 3-bedroom flats) with terraces at the front and rear following demolition of existing photographic studio (Class B1c).

The residential accommodation has approximately a GIA of 1,087 sq.m (11,699ft2) and an NSA of 970sq.m (10,440ft2). The commercial element comprises 3 units of B1 use which extends to 334sq.m (3,595ft2) GIA.

Access

Viewings to be arranged with a Highfield Representative.

Additional Information

Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield team.

Financial Contributions

The development will be subject to both MCIL and Camden Cil which we understand to be £229,940.

Tenure

Freehold.

VAT

We have been advised that VAT is not applicable.

Terms

We are inviting offers in excess of £5,250,000 for the freehold interest.

Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.