Under Offer Map view Street view 155-157 Queens Crescent, Kentish Town, NW5 4EA 1,654 Sq Ft / Other / Investment For Sale - £435,000.00 Under Offer - Last updated: 27 May 2025 SummaryAn opportunity to acquire a freehold building in a busy location on Queens Crescent. The ground floor retail is mostly open plan with excellent natural light, a kitchen / break out room to the rear and WCs. The six flats located above were sold off on 125-year leases commencing in June 2012, expiring in June 2137. Each flat pays an annual ground rent of £200 (£1,200 per annum total), which increases by £200 every 25 years. Total income from the retail and ground rents total £31,200 per annum.Key PointsFreeholdIncome Producing Retail6 x Ground Rents Totalling £1,200 Per AnnumEnd of Terrace BuildingUse Class EEPC Rating CVAT not ApplicableCorner FrontageLeaseThe property is leased to the gaming company Rogues Quarter Limited under a term beginning on 1st May 2020, and ending on 30th April 2030. The lease is exempt from the provisions of the 1954 Landlord and Tenant Act. A rent review is scheduled for May 1, 2025. The tenant has an option to determine the lease on 1st November 2025, providing 6 months prior written notice. The current passing rent is £30,000 per annum, with a rent deposit of £9,000 held.LocationQueens Crescent in NW5 is a bustling and vibrant area known for its rich history and community spirit. Located between the neighbourhoods of Kentish Town and Gospel Oak, this charming crescent is home to a mix of independent shops, cafes, and restaurants, offering a taste of local life with a modern twist. Queens Crescent is particularly famous for its lively street market, one of the oldest in London. Held twice a week, the market is a hub for fresh produce, household items, and unique finds, creating a bustling atmosphere that draws locals and visitors alike. The area boasts excellent transport links, making it accessible for commuters and explorers. With nearby green spaces like Hampstead Heath and Parliament Hill just a short stroll away. Property Quote Price(s) DescriptionSale typeGuide pricePrice type For Sale Freehold £435,000.00 NA Documents and links Floor Plans.pdf 054351a55cddbe6ceb244c6508bfac52.pdf Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist