Summary - 105a Euston Street NW1 2EW
1 bed 1 bath Commercial Property
Prime NW1 location, long lease, two tenants and reliable rental income..
Virtual freehold — 999-year lease from 1987 (c.962 years remaining)
A straightforward, long-lease commercial investment in NW1 offering two well-presented office suites of around 1,000 sq ft each. The property is offered as a virtual freehold (999-year lease from 1987, c.962 years remaining) and benefits from strong transport links with Euston mainline and multiple Underground and national rail connections nearby.
Both units are income-producing: one let to March 2030 and the other to February 2025, producing a combined current rent of £74,000 per annum. The building's large windows and high ceilings deliver good natural light and a duplex-style feel suited to professional occupiers; shared toilet facilities and simple, flexible layouts make re-letting or refitting straightforward.
Important considerations: one lease expires in early 2025, creating potential short-term void risk; the property sits in an inner-city, deprived area so occupier mix and rental tone reflect that location. Constructed c.1900–1929 with solid brick walls (likely uninsulated) and linked to a community heating scheme — there may be future remediations or energy-efficiency works recommended. This is a clear income asset with reversion potential for an investor prepared to manage tenant turnover and building running costs.
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