Summary - Tankerton Works, 12 + 12a Argyle Walk, London WC1H 8HA WC1H 8HA
1 bed 1 bath Commercial Property
Five-suite building near King's Cross with immediate re-letting upside.
Freehold investment in converted Victorian stable block
Tankerton Works is a compact freehold investment in a converted Victorian stable block, arranged over basement, ground and first floors. The building contains five separate suites plus communal areas; four suites are income-producing under three tenancies and one suite is currently vacant, creating immediate re-letting upside.
The property benefits from a central location within a three-minute walk of King’s Cross and St. Pancras stations and short walking distance to Russell Square tube, which supports high tenant demand and strong transport-led footfall. Architecturally it retains industrial character — exposed brickwork, high ceilings, large rooms and ample natural light — appealing to creative and professional occupiers and supporting rental premium for well-specified space.
Current income is £86,165 pa, with gross income rising to £114,000 pa once the vacant suite is let. The freehold is sold subject to existing tenancies and offers the new owner immediate diversified cashflow across multiple small suites, plus scope to increase value by re-letting the vacant unit or rolling short leases into longer-term agreements.
Important considerations: the building sits within an inner-city, very deprived area with a very high recorded crime rate — factors that can affect tenant mix, insurance and management costs. Prospective buyers should review the tenancy schedule and title NGL 827323, and allow for active asset management to fully realise rental potential.
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