Shop Let to Estate Agent Office t/a Daniel Ford Estates (2) with Two self-contained Studio Flats on Upper Two Floors
Prominent Corner Building 150 metres from Kings Cross
Highly Fashionable and Popular North London District
Close to Granary Square, Coal Drops Yard and Regents Canal
VAT Free Investment
Lot 7
Auction 15th December 2022
Rent £54,800 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
150 meters (165 yards) east Kings Cross St. Pancras Railway Station, 750 meters (820 yards) west of Angel, 1.5 km (1 mile) north of the City of London
Roads
A1, A501
Rail
Kings Cross St Pancras Railway Station, Caledonian Road & Bansbury Overground Station, Angel Underground Station
Air
London Heathrow Airport, London Luton Airport, London Gatwick Airport, London City Airport
Situation
The property is located in Kings Cross, a highly fashionable and popular north London district undergoing major regeneration. King's Cross's Granary Square, Coal Drops Yard and Regents Canal are located some 250 meters (280 yards) north of the property.
The property is situated on the east side of Caledonian Road at its junction with Northdown Street, 150 meters (165 yards) north of Kings Cross St. Pancras Railway Station. Nearby occupiers include Tesco Express, Flat Iron and a popular mix of independent restaurants, bars and cafes.
Tenure
Freehold.
Location
Miles
150 meters (165 yards) east Kings Cross St. Pancras Railway Station, 750 meters (820 yards) west of Angel, 1.5 km (1 mile) north of the City of London
Roads
A1, A501
Rail
Kings Cross St Pancras Railway Station, Caledonian Road & Bansbury Overground Station, Angel Underground Station
Air
London Heathrow Airport, London Luton Airport, London Gatwick Airport, London City Airport
Situation
The property is located in Kings Cross, a highly fashionable and popular north London district undergoing major regeneration. King's Cross's Granary Square, Coal Drops Yard and Regents Canal are located some 250 meters (280 yards) north of the property.
The property is situated on the east side of Caledonian Road at its junction with Northdown Street, 150 meters (165 yards) north of Kings Cross St. Pancras Railway Station. Nearby occupiers include Tesco Express, Flat Iron and a popular mix of independent restaurants, bars and cafes.
Tenure
Freehold.
Description
The property comprises a ground and lower ground floor shop, with a return frontage on to Northdown Street, currently let to an estate agent with two studio flats on the upper two floors. The residential flats are self-contained and accessed via Northdown Street.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground and lower ground floor shop, with a return frontage on to Northdown Street, currently let to an estate agent with two studio flats on the upper two floors. The residential flats are self-contained and accessed via Northdown Street.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Lower Ground
Retail Retail
28.51 25.31
(306) (272)
DANIEL FORD & CO LTD (CRN 06818236) t/a Daniel Ford Estates (1)
20 years from 11/11/2019 until 11/11/2039 (2)
£20,000
11/11/2024 and 5 yearly
First
Residential - Studio Flat
21.00
(231)
INDIVIDUAL
12 month AST from 04/05/2022
£16,800
Second
Residential - Studio Flat
23.00
(248)
INDIVIDUAL
12 month AST from 11/07/2022
£18,000
Total Approximate Floor Area
97.82
(1,057) (3)
£54,800
(1) Daniel Ford & Co Ltd (CRN 06818236) was incorporated in 2009 and are an independent estate agents operating in London. (www.danielforduk.com) (2) The lease provides for a Tenant option to determine the lease on 11/11/2029. A rent deposit of £5,000 is held by the Seller. (3) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
