An opportunity to purchase a small investment property in a central yet quiet King’s Cross location

 

Summary

  • Freehold investment for sale
  • Diversified income risk
  • 5 separate suites + communal areas
  • 4 suites occupied under 3 separate tenancies
  • 1 suite vacant
  • Current income of £84,000 PA
  • Total income of £114,000 PA upon leasing of vacant suite
  • Offers in the region of £2,000,000

Accommodation

The accommodation comprises the following areas:

Namesq ftsq m
1st 1,250 116.13
Ground 1,126 104.61
Basement 309 28.71
Total2,685249.45
Tankerton Works, 12 + 12a Argyle Walk - Tankerton Works 12 Agyle Walk London WC1H 8HA  internal 9.jpg

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.

Get directions from Google Maps

Further Information

Price Offers in the region of £2,000,000

EPC Rating This property has been graded as C


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.
3 tenants occupy 4 suites with 1 unoccupied suite.

Tenancy Schedule

Current income for this property is £84,000PA rising to £114,000 PA upon disposal of the vacant suite. Download tenancy schedule for full details.

Tenure

The freehold interest in title number NGL 827323 is being sold subject to the existing tenancies, as defined in the tenancy schedule.

Proposal

Offers in the region of £2,000,000 are sought, subject to contract.

VAT

The sale price is not subject to VAT.

Viewings

All inspections via The Vendor's sole agent, Ashurst Real Estate

Anti Money Laundering Regulations

We are obliged to conduct customer due diligence under the Money Laundering Regulations 2017 when terms are agreed with a purchaser.

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