|Size||1,672 sq ft|
|Rent||An existing rent of £80,000 per annum exclusive|
|Business Rates||£21,376 per annum (based on rateable value of £41,750). The building has been divided into two separate rateable areas. Second and third floor rateable value is £12,500 and the basement, ground and first floor are valued at £29,250 to give the combined figure above.|
|Energy Performance Rating||Upon enquiry|
The subject property is located at the junction with St Chad's Street and Grays Inn Road (A501), only a few minutes walk from Kings Cross Station. This location continues to be one of the largest and most exciting redevelopments in London. The latter includes regeneration of areas to be transformed into a new part of the City with homes, offices, shops, galleries, bars, restaurants and schools.
The Kings Cross St Pancras transport hub links six London Underground lines with two national mainline rail stations and international high-speed rail.
There are direct services to Heathrow, Gatwick and Luton airport.
|Floor / Unit||Description||Size||Availability|
|Basement||Storage, Kitchen & WC||22.76 sq m||Available|
|G||Retail Area||57.84 sq m||Available|
|1st||Office||20.88 sq m||Available|
|2nd||Office||30.39 sq m||Available|
|3rd||Office||23.53 sq m||Available|
The property benefits from being part of a mixed, diverse parade of commercial units to serve the interests of this thriving and densely populated part of London. The subject unit has been refurbished and operates as a franchise of Subway with seating facilities on the ground floor and storage and WCs in the basement. Opportunity exists to either utilise the offices on the first floor or sub-let this space to generate income.
An assignment of an existing 10 year lease with effect from 2019 inside the 1954 Landlord &Tenant Act with rent reviews every 5 years and the ability for sub-letting part.
Each party to bear their own legal costs in the transaction subject to the ingoing tenant providing an undertaking to cover the landlords abortive legal costs should they withdraw from the transaction after having agreed terms.
Strictly by appointment through the sole agent, Dobbin and Sullivan.