Freehold investment for sale – first time available in 40 years – Landmark iconic building

120 Parkway, NW1

Borders of Camden Town and Regent’s Park

4,798 sq ft nia (5,811 sq ft gia)

E1 use

located at the junction of Gloucester Avenue and Parkway

Camden Town + Regent’s Park underground stations close by plus numerous bars, restaurants and shops.

Description

This unique 1950s landmark building was originally designed by the architects Troughton McAslan (now John McAslan & Partners) to provide an attractive, open plan work space, arranged on ground and mezzanine floors providing a total area of approximately 5,811 sq ft GIA to include an attractive reception area and meeting rooms, prior to Foxtons moving in.

ground floor   3,874 sq ft

mezzanine     924 sq ft

Total               4,798 sq ft

Lease                           

The building is let to foxtons limited in its entirety until 24 may 2024 at a passing rent of £179,000 per annum exclusive.

The rent review from may 2019 is currently outstanding.

legal costs                 

Each party to pay their own costs

Price                           

OIEO  £4.75m stc

VAT

The building is elected for vat, therefore the sale will be by way of TOGC

Possession                 

Upon completion

Viewing                      

via sole agents Pilcher London

Simon Rinder / David Berko / David Rosen