1 Birkenhead Street, London, WC1H 8BA

Offers in region of

£1,500,000

Size

1,445

Tenure

Freehold

EPC

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Parking

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Spaces

1

Space
Space use
Size
Building - 1 Birkenhead Street
Other
1,445
Size
Primary use
Other

No floor / site plan

Key features

  • Attractive town house style building
  • 1,445 sq. ft. NIA | 2,201 sq. ft. GIA
  • Back to bare brick refurbishment in 2022
  • Single let to a serviced consulting room provider
  • £100,000 PA income
  • 1 minute from King's Cross Station
  • No VAT on purchase price
  • Lease expiry in September 2037
  • Rent reviews in 2027 and 2032
  • Tenant break clause in 2032

Description

A well located, small, single let investment property in a central King's Cross location that requires minimum hands on property management

Additional information

Service charge
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Business rates
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Key features

  • Attractive town house style building
  • 1,445 sq. ft. NIA | 2,201 sq. ft. GIA
  • Back to bare brick refurbishment in 2022
  • Single let to a serviced consulting room provider
  • £100,000 PA income
  • 1 minute from King's Cross Station
  • No VAT on purchase price
  • Lease expiry in September 2037
  • Rent reviews in 2027 and 2032
  • Tenant break clause in 2032

Description

Description 1 Birkenhead Street is a Grade II listed building that benefitted from a back to bare brick reconstruction to the highest standards in 2022 and has since been let to a serviced consulting room provider. The accommodation is arranged over lower ground, ground and 3 upper floors with a small courtyard garden to its rear. All upper floors are divided and used as self contained consulting rooms. The lower ground floor is arranged as a consulting room, kitchen, central WC hub and shower. Location This property is located in King's Cross, London's most connected destination. 1 Birkenhead Street is situated very close to the junction with Euston Road. Birkenhead Street is perpendicular to the A501 Euston Road and is 1 minute from King's Cross Station & St. Pancras Stations and all central amenities. King's Cross Station provides access to London Underground's Metropolitan, Circle, Hammersmith + City, Northern, Victoria and Piccadilly lines as well as main line services. St. Pancras Station provides mail line and international rail services. Tenure 1 Birkenhead Street has a freehold interest, Title No LN110947, subject to the existing tenancy. Tenancy 1 Birkenhead Street is leased in its entirety to A Room in Town (K Cross) LTD on a lease expiring on 12 September 2037 and at the rent of £100,000 PA, payable on the usual quarter days. A Room in Town (K Cross) Ltd is company number 12942690. Planning This building's planning use is under historic B1 Office / D1 use and would now fall under Class E. 1 Birkenhead Street is Grade II listed and situated within the King's Cross St Pancras Conservation area. Dedicated website Further information, photos, floor plans etc can be viewed at Ashurst Real Estate if this property is not what you are looking for, you can see our other available properties at Adjoining building sale Ashurst Real Estate is also selling the 5,000 sq. ft building immediately to the rear of 1 Birkenhead Street, known as The Mews, 1a Birkenhead Street. Details of The Mews can be found here Energy Perormance 1 Birkenhead Street has an energy performance rating of C. Alternative Uses 1 Birkenhead Street would suit conversion of residential or educational uses, subject to obtaining the relevant consents. VAT 1 Birkenhead Street is not elected for VAT. Anti Money Laundering Regulations 2017 Ashurst Real Estate is obliged to conduct AML due diligence on a prospective purchaser once heads of terms are agreed. Proposal Offers in the region of £1,500,000 are invited for the shares in the SPV that holds this property, thereby potentially allowing a considerable saving in stamp duty. Alternatively, the freehold interest can be purchased for a price in the region of £1,500,000, subject to contract.
Additional information
Use class
E
Listed building
No
Floors in building
1
Business for sale
No
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1 Birkenhead Street, London, WC1H 8BA

NEAREST STATIONS

National Rail

Kings Cross Thameslink Station

0.08 miles

National Rail

King's Cross Station

0.1 miles

London Underground

King's Cross St. Pancras Station

0.1 miles

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Disclaimer - Property reference 299412-1. 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 Ashurst Real Estate, 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.