109 King's Cross Road, London, WC1X
Size
793
Tenure
Share of freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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Key features
- Desirable up and coming location
- Well let Virtual Freehold investment property
- Reversionary with next rent review in c. 1.75 years
- Fitted restaurant unit, including gas and external extraction ducting
- Premises license
- VAT not applicable
Description
The property is brilliantly situated on the west side of King's Cross Road, in an up and coming district, running between King's Cross and Farringdon.
King's Cross station is just a 10 minute walk (Eurostar, Northern line, Circle, Hammersmith and City, Metropolitan and National Rail).
Farringdon station is also only 10 minutes walking too (Elizabeth line).
DESCRIPTION
Comprising the bright, attractive, open plan ground floor restaurant unit and ancillary basement accommodation, of a well maintained, period Building.
The unit benefits from gas, externally ducted cooking extraction, good quality basement space and an alcohol license.
AREA
All areas stated approx.
Ground floor 432 sq ft/40.1 sqm
Basement 361 sq ft/33.5 sqm
TOTAL 793 sq ft/73.6 sqm
HIGHLIGHTS
* Desirable up and coming location
* Well let Virtual Freehold investment property
* Reversionary with next rent review in c. 1.75 years
* Fitted restaurant unit, including gas and external extraction ducting
* Premises license
* VAT not applicable
USER
Class E including restaurant, retail, office and medical.
TENURE
Available for sale on a new 999 year headlease, at a peppercorn rent. The premises has been underlet to Xiran Limited for a term of 19 years from 20th January 2022 , on a full repairing and insuring lease, granted outside sections 24-28 of the Landlord & Tenant Act, for security of tenure.The passing rent is £26,500 PAX and it is considered that the lease is reversionary with the next rent review being 20th January 2027, upward only, to open market rental value.
PRICE
£395,000
BUSINESS RATES
We understand the Rateable value of the property is £15,000.
Business rates payable is £7,485 per annum , and are paid by the occupational Tenant under the terms of their lease.
Interested parties are advised to make their own enquiries of Camden Council to confirm all Ratings information provided.
VAT
We understand that the property is not VAT elected and VAT will not be charged on the sale.
EPC
C/67
VIEWING
Through Sole Agent
JARVIS KELLER -
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 2
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
109 King's Cross Road, London, WC1X
About Jarvis Keller Stephens Limited, Farringdon
Working with landlords and tenants for the last 30 years
In 1986, Jarvis Keller was one of the first agents to realise the huge potential of the Clerkenwell area as a hub for business, leisure and retail, prompting us to open our offices in the heart of Smithfield.
Our considerable knowledge and expertise in the commercial property field, coupled with a personal service from the company's senior directors, has contributed to creating one of the most exciting and vibrant commercial locations in London - attracting entrepreneurs, international blue chips and the cream of creative services.
We pride ourselves on having consultancy based relationships with our clients, sharing our experience and offering strategic solutions to their property requirements. As a specialist commercial agency, Jarvis Keller works with both Landlords and Tenants, specialising in renting, letting, selling and acquiring commercial property such as offices, studios, shops, restaurants, wine bars and showrooms. Operating primarily in Clerkenwell, Farringdon, Smithfield and Barbican, we are also involved in investment and development sales and acquisitions throughout London.
We believe that we've played an invaluable role in shaping the unique character of Clerkenwell, helping ventures of all sizes feel at home in this distinctive business community. We look forward to continuing that achievement in the years to come.
We offer a range of services tailored to meet the needs of our clients including:-
Sales and lettings
Acquisitions
Consultancy and appraisals
Rent reviews
Lease renewals
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Disclaimer - Property reference OR1. 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 Jarvis Keller Stephens Limited, Farringdon. 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.