Doughty Street, London, WC1N
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
16
- SIZE
9,314 sq ft
865 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Rare unbroken Freehold
- Two beautiful Grade II Listed Georgian buildings located within the heart of Bloomsbury
- Currently configured to provide 13 self-contained flats and an office
- Majority let producing a rental income of £247,188 per annum with one vacant unit
- Estimated Rental Value (ERV) of £367,800 per annum
- Excellent transport connectivity - within walking distance to several Underground, Overground and Crossrail Stations
- Gross Yield of 6.13% (based upon the ERV and the asking price)
- Asset Management considerations: Rental uplifts, Extensions to the rear, Reconfiguration throughout
- Total GIA: 9,314 sq ft (865 sq m) including communal parts which shows £644 per sq ft off the asking price
- Proposal: Offers sought in excess of £6,000,000 (Six Million Pounds) for the Freehold interest, subject to existing tenancies and subject to contract.
Description
The property itself dates back to the early 1820's and comprises two
attractive Georgian period buildings arranged over lower ground, ground
and three upper floors.
The flats currently comprise:
7 x studios
3 x one beds
3 x two beds
1 self-contained office (two rooms)
The majority of the flats benefit from either garden or outdoor space at
the rear of the property. (Please see accommodation schedule for full
breakdown).
The property is Grade II Listed and lies within the Bloomsbury
Conservation Area.
The site is located within the London Borough of Camden.
Location
Situated in the prestigious London Borough of Camden, Bloomsbury occupies a prime location in the affluent Midtown area. Centrally positioned, it lies just 0.6 miles southeast of St Pancras, 0.6 miles north of Holborn, and 0.5 miles west of Farringdon. Renowned as London's intellectual and literary hub, Bloomsbury is home to numerous academic and medical institutions while also offering a diverse and vibrant residential community.
Bloomsbury is a highly sought-after residential destination, celebrated for its rich history, stunning architecture, and beautiful Georgian townhouses. The area boasts an abundance of local amenities, providing convenience and a high quality of life. The subject property is in the heart of Bloomsbury on the western side of Doughty Street. Gray's Inn Road, situated just 0.1 miles east, offers direct access to King's Cross and London's Inner Ring Road (A501) to the north, and High Holborn to the south.
Positioned within London's Knowledge Quarter-a global centre for education, research, and life sciences-Bloomsbury is synonymous with academic excellence. It is home to some of the world's leading educational institutions, including the London School of Economics (LSE), University College London (UCL), SOAS, and Birkbeck University. Additionally, Great Ormond Street Hospital, a world-renowned centre for child healthcare, is located just 0.2 miles west of the property.
The Brunswick Centre, situated 0.3 miles northwest, serves as the area's main retail and leisure hub. It features a variety of high-end retailers, restaurants, and key tenants such as The Gym, Curzon Bloomsbury, and Waitrose. Residents also benefit from the area's wealth of green spaces, including Russell Square (0.5 miles northwest) and Brunswick Square (0.3 miles west), offering tranquil retreats in the heart of the city.
Asset Management Opportunity
The property offers a number of asset management opportunities to add
value in the medium and long term.
The lower ground floor studio flats provide the opportunity to
re-configure to add extra bedrooms
Conversion of the existing office into a self-contained flat
Refurbishment of the flats to enhance rental income and capital values
Potential to convert back into houses
Potential to implement a further extension to the rear
Asset Management opportunities subject to all necessary consents.
Tenancies and Current Rent Reserved
The property is currently majority let subject to Assured Shorthold Tenancies with one vacant unit. The total current rent
passing is £247,188 per annum.
Estimated Rental Value
We are of the opinion that the property is currently under-let and the Estimated Rental Value is in the region of £367,800
per annum. Interested parties should make their own enquiries.
Brochures
Dataroom- 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
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Doughty Street, London, WC1N
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