Status: Completed


Investment - For Sale


Kings Cross, London




An extremely rare opportunity to purchase a mixed-use freehold building located in the centre of Kings Cross, WC1X. The basement, ground and first floor are arranged as offices which total circa 5,000 sqft and are to be sold with vacant possession. This is broken down as c. 700 sqft in the basement, c. 2,100 sqft on the ground floor and c. 2,200 sqft over the first floor. The offices could easily be split into four separate units, and are in good condition throughout having been fit-out with lots of amenities including suspended ceilings, air conditioning and trunking etc. The upper floors (second – fifth) are arranged as 12 flats. Of these12 flats, 1 is included in the sale which is a onebedroom flat with balcony. The remaining 11 flats are sold off on long leases, however, 8 of these 11 flats are sold off withonly (approximately) 54 years unexpired. There is therefore considerable reversionary value in the lease extensions. The11 flats are all self-contained and broken down as 7 x one bedroom and 4 x two bedroom units. Camden Council arethe leaseholders of 8 of these units and manage the building as well. Finally, there is also some land in front of the building which is included and has a footprint of circa 2,000 sqft. This has recently had a pre-application commissioned to house an extension over the basement, ground and first floors. The scheme allows for 3 new flats together with some more commercial space. The response to this pre-application is positive, and in fact further studies by architects show that 6 flats plus commercial (with no basement) is likely to be achievable (stpp).

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