68 Caledonian Road King's Cross London N1 9DP

68 Caledonian Road
King's Cross
London
N1 9DP

Freehold Retail and Residential Investment

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
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

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

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

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.