THE CAMDEN MARKET CAMDEN HIGH STREET LONDON NW1 THE CAMDEN MARKET | LONDON NW1 2 INVESTMENT CONSIDERATIONS u A rare opportunity to acquire one of u Over 200 market stalls producing a current London’s most iconic markets in Camden. gross income of £1,695,460 per annum. u Camden markets are London’s fourth most u Total gross income of £1,906,710 per annum. visited tourist location with the Capital attracting over 27 million visitors annually. u Planning permission for a contemporary canopy structure providing 16,897 sq ft (GIA), u Sale includes 190 Camden High Street, a which will increase market capacity and gross prime retail unit with two floors of offices revenue to a figure in the region of £2.95 million above, producing a rent of £211,250 per per annum. annum. THE CAMDEN MARKET | LONDON NW1 6 7 THE CAMDEN MARKET | LONDON NW1 LOCATION The Camden Market is located on Camden High Street, a unique area of London, which is regarded as London’s fourth most visited tourist attraction, benefitting from the city’s annual 27 million visitors. Camden is known on a global level for its eclectic mix of street markets, bespoke shops and popular leisure offerings. Camden Town is located in north west London, approximately 1.5 those searching for “alternative” clothing. Whilst historically more miles from London’s West End. The area is principally known for its focused on fashion and accessories, the Camden markets food street markets which have been successfully trading in this location business has recently started to thrive with a variety of culinary since the early 1970’s. In total, Camden now offers 6 individual traditions catering for the international palette of London. street markets including the subject property. Together, these markets are a major tourist attraction, especially at weekends. The In addition to the markets, Camden has established itself as a home markets are home to numerous independent operators selling goods to a number of media and fashion houses, who have established of all types including fashion, lifestyle, books, music, food, antiques headquarter offices in the area including, MTV, Getty images, and a wider spectrum of specialist products. The markets and the Whistles, French Connection and Asos. surrounding shops are popular with young people, in particular HAMPSTEAD HEATH HAMPSTEAD HAMPSTEAD RO HEATH SS LY N H A41 F IL I L T Z F J O IN A503 H C H N L ’ E S FINCHLEY ROAD BELSIZE H Y A A & FROGNAL R PARK A400 V V D E E R D N ST R U O C N E SWISS K E D H M FINCHLEY COTTAGE IL WEST L A ROAD C HAMPSTEAD A502 CHALK FARM SOUTH PRIMROSE HAMPSTEAD HILL CAMDEN A41 AV E N D TOWN T R R ST JOHN’S U E LB A5 E A C E WOOD R C A O IN A R M F P D D IN E C N KING’S CROSS H M L H ST PANCRAS E I A Y G H ID R D S A T A501 V A REGENT’S PARK L E EUSTON MAIDA D VALE R N TO US E BAKER E MARYLEBONE STREET D G W A501 A E RD GREAT R BON E RYLE PORTLAND R MA D STREET A40 PADDINGTON TOTTENHAM COURT ROAD OXFORD CIRCUS A40 D ST FOR R OX E G E N MARBLE PICCADILLY BOND T D A402 N RD ARCH STREET S CIRCUS A ATER T TR AYSW S B HYDE PARK Not to Scale - For Identification Purposes Only. D A O R N E D M A C 2 20 5 A ST. PA NC RA 02 S W 3 52 A 0 A Y Y 5 A A S W RA NC PA ST. ROAD CAMDEN 0 0 4 A A400 A400 CAMDEN STREET D A O R Y E L W A Not to Scale - For Identification Purposes Only. 0 9 H 0 4 A A400 T 502 E A E TOWN R T 8 CAMDEN S 1 CY 0 2 D 4 A AN O L A R E M D R THE STABLES A MARKET F K REGENT’S CANAL L A H Y C A W K R 3 A 0 P 5 A CHALK FARM STATION THE CAMDEN MARKET | LONDON NW1 THE CAMDEN MARKET | LONDON NW1 E V A R E T S E C U O L G D A O R T R E B L A E C N I R P THE CAMDEN MARKET | LONDON NW1 10 11 THE CAMDEN MARKET | LONDON NW1 High Barnet Totteridge & Whetstone Woodside Park Mill Hill East Edgware West Finchley Burnt Oak Finchley Central Colindale East Finchley Hendon Central Highgate Brent Cross Archway Golders Green Tufnell Park Hampstead Kentish Town Belsize Park Chalk Farm Mornington Crescent Kings Cross St. Pancras Euston Angel Old Street Warren Street Goodge Street Moorgate COMMUNICATIONS SITUATION Tottenham Court Road Bank Leicester Square Camden Underground Station (Northern Line) is located on The Camden Market and 190 Camden High Street are situated immediately north Camden High Street, immediately south of The Camden Market. London Bridge of Camden Town Underground station. The Camden Market is the first open-air Charing Cross The Northern line connects North and South London via central market visitors encounter when alighting from the Underground. The market is stations of Leicester Square and Bank. WEST Borough Embankment bounded by Camden High Street to the west and Buck Street to the north. END CITY King’s Cross St Pancras International train station is located in close proximity to Camden. The station is home to Eurostar which Waterloo Elephant & Castle connects London directly to Paris and the rest of continental Europe. Further north along the high street from the subject property an array of distinct market stalls provides a colourful addition is The Camden Canal Market. This site has recently received to the offering in the area. The immediate area surrounding Camden is also well served by numerous bus routes connecting planning consent for an extensive mixed used development, the subject properties currently offers a vast array of market Kennington Northern Oval which, on completion, will greatly enhance the local area. The stalls, shops, restaurants, bars and live music venues. Central Camden to the rest of London. Stockwell Piccadilly Stables Market, which has recently been transformed to provide Clapham North Victoria Clapham Common Bakerloo Clapham South Metropolitan Balham Hammersmith & City Tooting Bec Circle Tooting Broadway Jubilee Colliers Wood Waterloo & City South Wimbledon National Rail Morden THE CAMDEN MARKET | LONDON NW1 12 13 THE CAMDEN MARKET | LONDON NW1 9 11 LOCAL 10 12 DEVELOPMENT 5 The most significant local development will be the Camden Canal Market, which obtained planning consent in January 2013 for a mixed use development totalling approximately 530,000 sq ft (GEA). The development is arranged over four sites providing a mix of uses 8 including retail, leisure, offices and residential. 6 7 LOCAL OCCUPIERS 1 CBS Outdoor 2 MTV 4 3 Open University 4 Getty Images 5 Whistles 6 Asos 14 7 French Connection 8 Ted Baker 13 9 Google 10 University of Arts 3 11 BNP Paribas 2 12 King’s Cross Station Markets 1 13 Inverness Market 14 Electric Ballroom 15 Camden Lock 17 16 Stables Market 15 17 Canal Market 16 THE CAMDEN MARKET | LONDON NW1 14 15 THE CAMDEN MARKET | LONDON NW1 3 2 TREET 0 d BUCK S DESCRIPTION 4 Hea AREAS 's Air Shaft ck PH) Bu ( The properties comprise two principal THE CAMDEN MARKET ACRE SQ FT SQ M BUCK STREET Church elements, The Camden Market Whole site 0.26 11,354 1,054.8 and 190 Camden High Street. Camden High Street frontage 98 ft - - 5 Camden Market comprises a 0.26 acre site with 206 stalls in its 23 current configuration. The market operates 7 days a week, offering CAMDEN HIGH STREET ce 3 clothing, food and music to the millions of visitors that come to the rra 2 3 y Te 3 ur 2 sb 190 CAMDEN HIGH STREET USE SQ FT SQ M o w market every year. The site offers a 98 ft frontage to Camden High t 9 De 2 Street, along with a 47 ft return frontage to Buck Street. The market2 2nd Offices 1,200 116.13 can be accessed from both Camden High Street and Buck Street. 1 7 0 22 1st Offices 1,250 116.13 190 Camden High Street comprises a ground floor retail unit 1 Ground Retail 860 79.90 with offices on the first and second floors. The property totals 9 4,048 sq ft and has a gross frontage of approximately 26 ft to 0 1 Basement Ancillary 738 68.56 Camden High Street. 2 2 TOTAL 4,048 380.72 a m 11 2 . 1 2 NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. 6 18 1 © Crown copyright licence number 100024244 Savills (UK) Ltd. 2 NOTE:- Published for the purposes of identification only and although4 believed to be correct accuracy is not guaranteed. THE CAMDEN MARKET | LONDON NW1 18 19 THE CAMDEN MARKET | LONDON NW1 PLANNING The site is located within the Camden Town Conversation Area. 190 Camden High Street comprises a ground and basement Market uses within Camden are a protected user class, a Sui unit under A1 retail use with first and second floors comprising Generis use. B1 (a) offices. CONSENTED SCHEME The property has an existing planning consent for the development Should a developer wish to revise the planning consent, there is of a modern structure which will extend over the entire site and obvious scope to enhance the site with a more substantial mixed provide an additional mezzanine floor.