A small, single let investment property in a central King's Cross location that requires minimum hands on property management
Summary
- Attractive town house style building
- 1,445 sq. ft. NIA | 2,201 sq. ft. GIA
- Back to bare brick refurbishment in 2022
- Single let to a serviced consulting room provider
- £100,000 PA income
- 1 minute from King's Cross Station
- No VAT on purchase price
- Tenant break clause in September 2032
- Lease expiry in September 2037
- Potential to acquire the SPV holding company rather than a property
Location
Birkenhead Street is perpendicular to the A501 Euston Road and is 1 minute from King's Cross Station and all central amenities. 1 Birkenhead Street is situated very close to the junction with Euston Road.
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Mainline Stations
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King's Cross1 min
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St Pancras5 mins
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Euston10 mins
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Caledonian Road and Barnsbury18 mins
Underground Station
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King's Cross1 min
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Kings Cross St. Pancras2 mins
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St Pancras3 mins
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Russell Square10 mins
Further Information
Price Offers in the region of £1,650,000
Rates Payable Upon Enquiry
Service Charge n/a
EPC Rating This property has been graded as C
Description
1 Birkenhead Street is a Grade II listed building that benefitted from a back to bare brick reconstruction to the highest standards in 2022 and has since been let to a serviced consulting room provider.
The accommodation is arranged over lower ground, ground and 3 upper floors with a small courtyard garden to its rear.
Tenure
The freehold interest in 1 Birkenhead Street is being sold subject to the existing tenancy. 1 Birkenhead Street's title number is LN110947.
Tenancy
1 Birkenhead Street is leased in its entirety to A Room in Town (K Cross) LTD on a lease expiring on 12 September 2037 and at the rent of £100,000 PA, payable on the usual quarter days. A Room in Town (K Cross) Ltd is company number 12942690.
Planning
1 Birkenhead Street is Grade II listed and situated within the King's Cross St Pancras Conservation area.
Inspections
By appointment, via Ashurst Real Estate
Further information
Further information, photos, floor plans etc can be viewed at https://bit.ly/1BirkenheadStreet
Ashurst Real Estate
if this property is not what you are looking for, you can see our other available properties at https://bit.ly/AshurstREproperties
Adjoining building sale
Ashurst Real Estate is also selling the 5,000 sq. ft building immediately to the rear of 1 Birkenhead Street, known as The Mews, 1a Birkenhead Street. Details of this building can be found here https://bit.ly/TheMewsBirkenheadStreet
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