Tiger House, Burton Street 39 Burton Street, London, WC1H 9BY

Offer in excess of

£2,000,000

Size

2,765

Tenure

Leasehold

EPC

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Parking

2

Primary use
Traditional office
Other use(s)
Residential development
Capacity
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Desks
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Key features

  • Of interest to owner occupiers + investors
  • Income producing, mixed use commercial building
  • RIBA award winning development
  • 2 modern self contained offices
  • Occupied on 3 month terminable licenses
  • 12 residential ground rents
  • Total net income of £142,560 PA
  • 2 parking spaces
  • Potential to covert offices to residential
  • Convenient location midway between King's Cross and Euston

Description

Description
A rare opportunity to purchase an income producing investment that comprises 2 modern, studio offices occupied under short term licences thereby providing an owner occupier with the opportunity of taking early possession.

Current net income for the offices is £138,000 PA.

The offices are within a secure courtyard environment with both internal and external staircases allowing a fully self contained, duplex office with its own showers, private garden and 2 car parking spaces.

The development includes 12 residential properties that have been sold off on long leases that provide an income of £4,950 PA.

Total net income is £142,550 PA.

Location
Situated on Burton Street which is a short walk to both King's Cross and Euston Stations and with the historic Woburn Walk on its doorstep.

Burton Street was constructed in the early 19th century by the celebrated London developer James Burton, one of the most influential and successful property developers of the Georgian and Regency era and was influential for the Georgian expansion within Bloomsbury, the West End, Regents Park and St. John’s Wood.

Burton Street is mainly occupied by Georgian and Regency terraces that are predominantly occupied by residential properties.

Despite it being very close to Euston Road, is it a quiet and discreet location.

Terms
The long leasehold interest in title number NGL 754661 is being sold subject to various sub tenancies, with some 120 years remaining.

Tenancies
A tenancy structure map is available to download.

A detailed tenancy schedule is available upon request.

Inspections
Via Ashurst Real Estate, the vendor's sole agent

Anti Money Laundering Regulations
We are obliged to conduct customer due diligence under the Money Laundering Regulations 2017 and RICS Professional Standards and will advise which checks are required once heads of terms are agreed.

Dedicated website
Visit this property's dedicated website at so see further information, tenancy schedule, photos, floor plans etc.

Ashurst Real Estate
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Additional information
Service charge
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Business rates
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Use class
E
Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Tiger House, Burton Street 39 Burton Street, London, WC1H 9BY

NEAREST STATIONS

National Rail

St. Pancras Station

0.25 miles

National Rail
London Underground
London Overground

Euston Station

0.26 miles

National Rail

King's Cross Station

0.3 miles

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Disclaimer - Property reference 371771-1. 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.