A rare chance to secure a lease assignment for an operating retail unit with opportunity to utilise or sublet office space above.

Key Features

• Excellent location close to Kings Cross in Central London
• Long lease ready to be assigned
• Refurbished ground floor & basement retail space
• Internal and self contained access to offices on the upper floors

Location

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.

Available area

Description

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.

Lease

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.

Legal Costs

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.

Viewing

Strictly by appointment through the sole agent, Dobbin and Sullivan.

Premium

On request