Old Gloucester Street, London, WC1N
- PROPERTY TYPE
Office
- SIZE
Ask agent
Key features
- Auction date: 14 May 2025
- Commercial long leasehold
- Ground floor and basement
- For sale on behalf of Joint Administrators
- Currently let as two residential ASTs
- Ground floor courtyard
- Prestigious address
- Easy access into central London
- Leasehold
- Income producing: £38,400 per annum
Description
The property is a long leasehold interest situated on the ground floor and basement levels of an attractive building located in Bloomsbury, London.
We are advised the leasehold interest has consent for commercial usage as offices, however, the space is currently being used as two residential dwellings being let under assured shorthold tenancies in breach of the terms of the long leasehold.
The ground floor comprises a good sized one bedroom flat, with open plan kitchen / diner lounge, useful hallway and two bathrooms. The basement comprises a studio with open plan kitchen / diner bedroom, separate bathroom, additional vault and hallway. The two units have been fitted out to a good standard throughout.
Location
Situated in the heart of Bloomsbury, Old Gloucester Street offers a prime central London address with excellent transport links and a wealth of local amenities. Nestled between Russell Square and Holborn, this desirable location provides easy access to the West End, the City, and major universities. Residents enjoy the charm of historic Bloomsbury with its garden squares, cultural landmarks, and a vibrant selection of shops, cafes, and restaurants. Excellent connectivity via nearby Tube stations, bus routes, and mainline rail services makes this a highly sought-after area.
Accommodation & Tenancy Information
Ground floor - One bedroom apartment comprising an open plan reception area and kitchen, WC, bedroom and ensuite.
£1,600 per calendar month (£19,200 pax)
Term: 5 years from 28 October 2024
Rent payable annually in advance
Lower ground floor - A studio comprising an open plan reception room with kitchen, bathroom, living and sleeping area.
£1,600 per calendar month (£19,200 pax)
Term: 3 years from 10 August 2023
Rent payable quarterly in advance
Purchasers are advised to check the legal pack and AST Agreements.
Grade Listing Status
The building is Grade II listed. Interested parties should make their own investigations.
Council Tax
The ground floor is rated D by Camden Council. The lower ground floor is rated D by Camden Council. Interested parties should make their own investigations.
Tenure
Leasehold
Term: 999 Years from 5 October 2011
Ground rent: check legal pack
Interested parties should make their own investigations
Guide Price
£650,000+*
VAT
Interested parties should make their own investigations
Online Auction Details
Date: Wednesday 14 May 2025
Bidding opens: 10.00am
Bidding closes: 13.00pm
Auction number: 108
Lot number: 114
Buyers Premium
1.5% (min, £3,000) plus VAT
Disclaimer
Purchasers must make their own investigations prior to bidding.
Brochures
ParticularsOld Gloucester Street, London, WC1N
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Holborn Station0.2 miles
- Russell Square Station0.2 miles
- Chancery Lane Station0.4 miles
Notes
Disclaimer - Property reference OldGloucesterStreet. 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 RPRS, Covering 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call RPRS, Covering London on 020 3834 8283.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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