Tiger House, Burton Street + 39 Burton Street, London, WC1H 9BY
£723.33 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,765 sq ft
257 sq m
- SECTOR
Office for sale
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
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
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Brochures
Tiger House, Burton Street + 39 Burton Street, London, WC1H 9BY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St. Pancras Station0.2 miles
- Euston Station0.3 miles
- King's Cross Station0.3 miles
Notes
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.