132-136 Royal College Street, London, NW1 0TA
Size
6,754
Tenure
Freehold
EPC
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Parking
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- Primary use
- Commercial development
- Other use(s)
- Other, Residential development
Key features
- Residential/Development opportunity
- Current rental income £187,612.00 pa
- Close to Kings Cross and Camden stations
- Flats are in excellent condition
- Ground and Basement vacant offices benefits from planning to convert into residential
- Potential to develop the rear building and add an additional floor.
- Within walking distance of Regents Park and Primrose Hill
Description
Comprises a terrace of three interconnecting buildings arranged on Ground, First and Second Floors, split up to provide six self-contained flats, which are 4x2 beds 1x2 bed maisonette and 1x3 bed maisonette and vacant offices arranged on the Ground and Basement of number 136. Four of the flats are let on assured periodic tenancies, with the three-bed maisonette let on an Airbnb basis. The building is ideally suitable for reconfiguration and development for the rear part of the building and to add an additional floor. Our clients carried out a study in 2023 to submit a planning application to develop the rear of the entire three buildings. Full plans are available upon request.
Location
Situated in Camden Town, this property is just a short walk from the ever-evolving Kings Cross, known for its mix of independent shops and eateries at Granary Square and Coal Drops Yard. The area beautifully blends historic architecture with modern amenities, offering a vibrant array of boutiques and dining options in a unique canal-side setting. it's also home to the headquarters of several major international companies, as well as the new Lightroom Gallery. Transport links are excellent with Camden Road (London Overground), Camden Town (Northern Line) Stations, both providing access to several Underground Lines and beyond. Regent's Park and Primrose Hill are also within easy walking distance, perfect for enjoying the outdoors and panoramic city views. Additionally, a nearby canal towpath offers a scenic cycle route.
Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will
be required from the successful purchaser.
Viewings
Strictly by appointment through owner’s agents as above.
Legal Costs
Each party to bear their own Legal Costs
Freehold Price
£4,350,000 with the benefit of the income and potential for development
Planning Permission
Planning has been granted 18th February 2022 to convert the ground floor and basement of number 136 RCS from office to residential use. (Planning ref: 2021/1849/P)
Rental Income
The flats are currently let and producing an income of £187,612.00 pa with the ground floor and basement offices of 136 RCS vacant.
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
132-136 Royal College Street, London, NW1 0TA
About Pemm Estates Ltd, London
Christo & Co are a well-established Estate Agency originally founded by Chris Christo in 1985 after the dissolution of Christo Vegoda. providing a highly professional service, yet personal where Clients can rely upon the expertise of a highly experienced team of Surveyors, Valuers and Commercial/Residential Agents.
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Disclaimer - Property reference 377095-1. 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 Pemm Estates Ltd, 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.