Summary - Cromer StreeT, King's Cross, London, WC1H WC1H 8LS
3 bed 1 bath Mixed Use
Central income-generating property near major rail hubs, ideal for investors.
Freehold mixed-use building with three self-contained one-bedroom flats
A rare freehold investment in King’s Cross, this mixed-use property comprises three self-contained one-bedroom flats and a long‑leased ground-floor commercial unit. The flats are currently income-generating and well placed for short-term lets or continued assured tenancies, with total annual rent around £66,000. The location offers exceptional transport connectivity — King’s Cross St Pancras and Euston are a few minutes away, making the asset highly lettable to commuters and international travellers.
The building is a compact 1960s modernist block with practical, modern interiors in the residential units: hardwood floors, good natural light and efficient layouts. Broadband and mobile connectivity are strong, and there is no flood risk. The property’s freehold status and decent plot size give scope for long-term value growth in a major central London market.
Buyers should note a few important constraints: the ground-floor commercial space is sold on a long lease, which limits immediate control of that element. The block provides three separate one-bedroom units but only one bathroom is recorded across the property, which could affect rental mix or require refurbishment to optimise returns. The wider area is classified as very deprived, which can influence tenant demand and support services, though on-the-ground crime levels are reported as very low.
This is a pragmatic pick for investors seeking an earnings-producing central London freehold with short‑term let potential and future uplift prospects through refurbishment or reconfiguration of the residential layout.
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