Residential/Investment/Development opportunity
Potential for reconfiguration and development
Freehold for Sale
Summary
- Residential/Development opportunity
- Current rental income £187,612.00 pa
- Close to Kings Cross and Camden stations
- Flats are in excellent condition
- Ground and Basement vacant offices benefits from planning to convert into residential
- Potential to develop the rear building and add an additional floor.
- Within walking distance of Regents Park and Primrose Hill
Accommodation
The accommodation comprises the following areas:
| Name | Description | sq ft | sq m | Rent |
| Ground - 132 RCS - 3 Bed Flat | 132 RCS - 3 Bed Flat | 2,000 | 185.81 | £65,000 /annum |
| Ground - 134 RCS - 2 Bed Maisonette | 134 RCS - 2 Bed Maisonette | 970 | 90.12 | £25,800 /annum |
| 1st - Flat A 134 RCS - 2 Bed Flat | Flat A 134 RCS - 2 Bed Flat | 582 | 54.07 | £25,200 /annum |
| 2nd - Flat B 134 RCS - 2 Bed Flat | Flat B 134 RCS - 2 Bed Flat | 602 | 55.93 | £28,212 /annum |
| 2nd - Flat C 136 RCS - 2 Bed Flat | Flat C 136 RCS - 2 Bed Flat | 668 | 62.06 | £22,800 /annum |
| 1st - Flat D 136 RCS - 2 Bed Flat | Flat D 136 RCS - 2 Bed Flat | 732 | 68.01 | £20,000 /annum |
| Ground - Offices 136 RCS | Offices 136 RCS | 1,200 | 111.48 | - |
| Total | 6,754 | 627.48 |
Location
Situated in Camden Town, this property is just a short walk from the ever-evolving Kings Cross, known for its mix of independent shops and eateries at Granary Square and Coal Drops Yard. The area beautifully blends historic architecture with modern amenities, offering a vibrant array of boutiques and dining options in a unique canal-side setting. it's also home to the headquarters of several major international companies, as well as the new Lightroom Gallery. Transport links are excellent with Camden Road (London Overground), Camden Town (Northern Line) Stations, both providing access to several Underground Lines and beyond. Regent's Park and Primrose Hill are also within easy walking distance, perfect for enjoying the outdoors and panoramic city views. Additionally, a nearby canal towpath offers a scenic cycle route.
Get directions from Google Maps
Mainline Stations
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Camden Road2 mins
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Kentish Town West11 mins
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Kentish Town13 mins
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St Pancras14 mins
Underground Station
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Camden Road2 mins
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Camden Town5 mins
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Mornington Crescent8 mins
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Kentish Town West11 mins
Further Information
Price Offers in excess of £4,350,000
Rates Payable Upon Enquiry
Description
Comprises a terrace of three interconnecting buildings arranged on Ground, First and Second Floors, split up to provide six self-contained flats, which are 4x2 beds 1x2 bed maisonette and 1x3 bed maisonette and vacant offices arranged on the Ground and Basement of number 136. Four of the flats are let on assured periodic tenancies, with the three-bed maisonette let on an Airbnb basis. The building is ideally suitable for reconfiguration and development for the rear part of the building and to add an additional floor. Our clients carried out a study in 2023 to submit a planning application to develop the rear of the entire three buildings. Full plans are available upon request.
Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will
be required from the successful purchaser.
Viewings
Strictly by appointment through owner’s agents as above.
Legal Costs
Each party to bear their own Legal Costs
Freehold Price
Offers in excess of £4,350,000 with the benefit of the income and potential for development
Planning Permission
Planning has been granted 18th February 2022 to convert the ground floor and basement of number 136 RCS from office to residential use. (Planning ref: 2021/1849/P)
Rental Income
The flats are currently let and producing an income of £187,612.00 pa with the ground floor and basement offices of 136 RCS vacant.
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