Hamilton House, 79-81 Southampton Row, London, WC1B
- PROPERTY TYPE
Block of Apartments
- SIZE
9,076 sq ft
843 sq m
Key features
- 15x 1 and 2 bed apartments held on long leases
- Head lease for the entire block (excluding ground floor retail)
- Current gross occupational lease income of £29,379 pcm (£352,544 pa)
- Asset management opportunities including refurbishment and break up
- Control of the Service Charge
- Potential Freehold enfranchisement
- Offers in excess of £7,000,000 (Seven Million Pounds) are invited
Description
The property comprises a 1950s residential building arranged over basement, ground and five upper floors.
The ground floor provides retail units which have been sold separately with 25 residential flats above.
Of the 25 flats, the long leasehold interest of 15 flats along with the building's head lease is included in the sale. The head lease does not include the retail units. The freehold interest is held in separate ownership.
The 15 flats comprise 10x 1 beds and 5x 2 beds.
The common areas could benefit from some refurbishment.
The condition of the flats is mixed with some having benefited from recent refurbishment and others requiring some capital investment.
The property benefits from a right to use large communal rear garden.
12 parking spaces in the basement (potential additional income).
Approximate lettable/saleable area of 843 sq m (9,076 sq ft).
Location
The location benefits from a wide and varied offering including hotels, serviced apartments, traditional/serviced offices, retail and residential accommodation, amongst the various museums and tourist attractions.
The property is positioned prominently on the west side of Southampton Row close to its junction with Russell Square and links Holborn in the south to Euston and St Pancras to the north.
Holborn Underground Station (Central and Piccadilly lines) and Russell Square (Piccadilly line) are both located within a 5-minute walk of the property.
Covent Garden, Oxford Circus, Soho and the majority of central London's key landmarks are within a short walk of the property.
Brochures
Full BrochureTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Hamilton House, 79-81 Southampton Row, London, WC1B
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Russell Square Station0.2 miles
- Holborn Station0.2 miles
- Tottenham Court Road Station0.4 miles
About the agent
WATLING REAL ESTATE LIMITED, London
Cannon Street, London, EC4N 6NP
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 223033. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by WATLING REAL ESTATE LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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