Compact income property with near-term rent reviews and conversion potential.
- Freehold Grade II listed Victorian townhouse near Kings Cross station
- 1,445 sq ft NIA (2,201 sq ft GIA) over lower ground to upper floors
- Let to A Room in Town (K Cross) Ltd; £100,000 pa passing rent
- Lease expiry 12 Sep 2037 (13 years remaining) — finance risk
- Rent reviews in 2027 and 2032; tenant break option in 2032
- Refurbished to shell and core standard in 2022; EPC C
- Small rear courtyard garden; compact urban plot, limited expansion
- Located in high-crime, very deprived local area; regeneration uncertainty
An attractive freehold investment in the heart of King’s Cross, offered with a secure commercial income of £100,000 pa. The Grade II listed Victorian townhouse extends to 1,445 sq ft NIA (2,201 sq ft GIA) across lower ground, ground and three upper floors, with a small rear courtyard. The building was taken back to bare brick and refurbished to a high standard in 2022 and currently trades as serviced consulting rooms under a single lease.
The property benefits from exceptional connectivity — it sits one minute from King’s Cross and St. Pancras stations — and is not elected for VAT, which may simplify purchase structuring. The lease runs until 12 September 2037 with rent reviews in 2027 and 2032, and a tenant break option in 2032, providing near-term reversion and income visibility.
Buyers should note material constraints: the lease has only 13 years remaining, which will make mortgage finance challenging and may deter some purchasers. The building’s Grade II listing and location within the conservation area restrict alterations and conversion works, so any change of use (residential or educational) requires planning and listed-building consent. The local area records high crime and significant deprivation, which are relevant for occupational risk and repositioning plans.
This opportunity suits an investor seeking a compact central London income asset with immediate cashflow and short- to medium-term asset management options. The vendor is open to a share-sale route (potential stamp duty saving); further legal and tenancy details should be reviewed early in due diligence.
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