A well located, 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
- Lease expiry in September 2037
- Rent reviews in 2027 and 2032
- Tenant break clause in 2032
- Potential to acquire the SPV holding company rather than a property
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Price |
| Building - 1 Birkenhead Street | 1,445 | 134.24 | £1,500,000 |
Location
This property is located in King's Cross, London's most connected destination.
1 Birkenhead Street is situated very close to the junction with Euston Road.
Birkenhead Street is perpendicular to the A501 Euston Road and is 1 minute from King's Cross Station & St. Pancras Stations and all central amenities.
King's Cross Station provides access to London Underground's Metropolitan, Circle, Hammersmith + City, Northern, Victoria and Piccadilly lines as well as main line services.
St. Pancras Station provides mail line and international rail services.
Get directions from Google Maps
Mainline Stations
-
King's Cross1 min
-
St Pancras5 mins
-
Euston10 mins
-
Caledonian Road and Barnsbury18 mins
Underground Station
-
King's Cross1 min
-
Kings Cross St. Pancras2 mins
-
St Pancras3 mins
-
Russell Square10 mins
Further Information
Price Offers in the region of £1,500,000
Rates Payable Upon Enquiry
Service Charge n/a
BER 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.
All upper floors are divided and used as self contained consulting rooms.
The lower ground floor is arranged as a consulting room, kitchen, central WC hub and shower.
Tenure
1 Birkenhead Street has a freehold interest, Title No LN110947, subject to the existing tenancy.
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
This building's planning use is under historic B1 Office / D1 use and would now fall under Class E.
1 Birkenhead Street is Grade II listed and situated within the King's Cross St Pancras Conservation area.
Dedicated website
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 The Mews can be found here https://bit.ly/TheMewsBirkenheadStreet
Gallery
