Offers in region of
£1,500,000
(£1,038.06/sq. ft)
Property for sale1 Birkenhead Street, London WC1H
1,445 sq. ft
EPC Rating: D
Freehold
About this property
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
Potential to acquire the spv holding company rather than a property
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.
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.
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.
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.
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