Of interest to investors or owner occupiers looking to acquire a commercial property in King's Cross benefitting from 2 years income
Stobbs House is a period building organised as a large open plan warehouse style office on ground floor with a smaller meeting room, private office, generous reception kitchen and WC's. The 2 upper floors are arranged as meeting rooms, 2nd kitchen, small roof terrace and a further WC and shower. This property has comfort cooling throughout.
St Chad's Place links Gray's Inn Road and King's Cross Road, 2 of King's Cross's main vehicular arteries and is a few minutes walk to the centre of King's Cross, its shops, dining facilities and Stations..
The freehold interest in Stobbs House is being sold, subject to the existing tenancy.
RARE KX INVESTMENT FOR SALE
Headline lease terms
Lease commencing on 16 February 2019 and expiring on 31 January 2024, thereby having some 2 years remaining. Let to Stobbs (IP) LTD, a legal practice, at £150,000 PA, | circa £46 per sq. ft.
This property is unelected for VAT and therefore won't be payable on the sale price.
Asset management considerations
Asset management considerations include an uplift to open market rental value as at the lease renewal date or a comprehensive redevelopment, subject to planning.
Each party to pay their own legal costs with this transaction.
Visit this property's bespoke web site
Further information, photos, floor plans and a lease summary can be found at microsite https://m.search-prop.com/stobbs-house-st-chad-s-place-london
Angel (0.6 miles)
Russell Square (0.6 miles)
Euston (0.7 miles)
King's Cross (0.2 miles)
London St Pancras Domestic (0.3 miles)
St Pancras (0.3 miles)