68-74 Rochester Place, Camden NW1 9JX

Published: 28/02/2024 By The Development Group

Commercial Investment with residential development potential

  • A rarely available commercial investment opportunity to purchase these first floor studio style open plan offices together with the airspace.

  • The opportunity offers significant asset management and development potential , subject to the necessary consent.

  • Rochester Mews is a quaint cobblestone street that is approximately 7 minutes walk from Kentish Town Road Underground Station (Northern Line) and 10 minutes walk to Camden Town Underground Station (Northern Line). Camden Road (Overground service) station is 4 minutes away.

  • The office accommodation is split into two separate units referred to as 68 (A) and 74 (A). The units extend in total area to approximately 1,191 sq ft GIA.

  • 74(A) is currently let on a license generating £21,600pa whilst 68(A) is vacant.

  • ERV if fully let based on current income £63,936 pa.

  • Leasehold: 999 years from 6th July 2001 (976 years unexpired).

  • Offers in excess of £525,000 unconditionally reflecting a low capital value of £443psf.