Old Gloucester Street, London, WC1N
- PROPERTY TYPE
Flat
- BEDROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Auction date: 14 May 2025
- Commercial long leasehold
- Ground floor and basement
- 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
Particulars- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- 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.
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Energy performance certificate - ask agent
Old Gloucester Street, London, WC1N
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Visit our security centre to find out moreDisclaimer - Property reference R-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.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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