An opportunity to purchase a small investment property in a central yet quiet King’s Cross location
Summary
- Freehold investment for sale
- Diversifed income risk due to multiple tenancies
- Arranged as 5 separate suites + communal meeting room, stores and WC’s
- Occupied under 3 separate tenancies
- 1 suite vacant
- Total income of £84,000 PA
- Offers in the region of £2,000,000
Location
Tankerton Works is located in a mid terrace position in Argyle Walk and is within 3 minutes of King’s Cross and St. Pancras Stations and a 7 minute walk to Russell Square Underground Station.
Argyle Walk is a quaint and historic pedestrian walkway located behind Argyle Square and would have originally served as mews access to these buildings.
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Mainline Stations
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King's Cross3 mins
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St Pancras7 mins
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Euston10 mins
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Farringdon18 mins
Underground Station
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Kings Cross St. Pancras3 mins
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King\'s Cross3 mins
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St Pancras4 mins
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Russell Square7 mins
Further Information
Price £2,000,000
Rates Payable Upon Enquiry
Description
Tankerton Works is a former Victorian era stable block that was sympathetically reconstructed as offices approximately 15 years ago and has its accommodation arranged over basement, ground and first floors.
Ground and first floors have good natural light with double glazed Crittall style windows located along the front elevation.
The accommodation is arranged as 2 self contained building.
12a Argyle walk is arranged over ground and first floors and is occupied by a single tenant whilst Tankerton Works itself being arranged as 4 separate suites and with 3 suites being occupied by 2 tenants and 1 vacant suite.
Tenure
The freehold interest is title number is being sold subject to the existing tenancies, as defined in the tenancy schedule.
Tenancy Schedule
Current income for this property is £84,000PA. See the attached tenancy schedule.
VAT
VAT will be applicable to the purchase price.
Anti Money Landering Regulations
We are obliged to conduct customer due diligence under the Money Laundering Regulations 2017 and RICS Professional Standards and will advise which checks are required once heads of terms are agreed.
Viewings
All inspections via The Vendor's sole agent, Ashurst Real Estate
Proposal
Offers in the region of £2,000,000 are sought, subject to contract and exclusive of VAT.
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