icons_size_white icons_size
menu

Agent's details

Stobbs House, St. Chad's Place

For sale: £3,750,000.00|3,253 Sq Ft|Office, Offices

Property details

FOR SALE£3,750,000.00
SIZE3,253 Sq Ft
ADDRESSStobbs House, St. Chad's Place, London, WC1X 9HH
TYPEOffice, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON29th October 2021

Description

Key Points

  • £3,750,000 subject to contract.
  • £150,000 PA income | £46 per sq. ft.
  • Lease expiry on 31 January 2024
  • Reversionary income
  • Redevelopment potential, stp
  • Fab open plan warehouse office of circa 1,900 sq. ft at ground
  • Roof terrace
  • Summary

    Of interest to investors or owner occupiers looking to acquire a commercial property in King's Cross benefitting from 2 years income

    Description

    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.

    Location

    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..

    Terms

    The freehold interest in Stobbs House is being sold, subject to the existing tenancy.

    Promo

    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.

    VAT

    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.

    Legal costs

    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

    Location

    marker
    Location: Stobbs House, St. Chad's Place, London, WC1X 9HH

    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)

    close
    What do you think of our website?
    Complete our survey and
    you could win £1000
    Start here