No longer on the market
This property is no longer on the market
MapRetail property (high street)
Retail property (high street)
622
Features and description
- Total building area - 1,772 square feet
- Rent £80,000 per annum and £75,000 premium
- Prominent retail location - close to Kings Cross Station
- Potential to sub-let upper offices
- Lease assignment
- High levels of passing road traffic and footfall
- Potential to convert upper offices to residential
- Internal and self-contained access to upper floors
Description
With a prominent return frontage this is a prime opportunity in an ideal retail location for a number of businesses. The current ground floor holds seating for 36 customers with the potential to add further outdoor seating. Due to the location there is a high level of passing road traffic and footfall. With both internal and self-contained access to the upper floors, the premises is currently trading as Subway plus office use on the upper floors. The square footage is as follows:
Ground floor retail - 622 sq ft, plus basement - 245 sq ft - Total 867 sq ft.
First floor - 225 sq ft, second floor - 327 sq ft, third floor - 353 sq ft - Total 905 sq ft
Total Building Area - 1772 sq ft and vacant possesion throughout will be available upon completion.
The landlord will consider a residential conversion on the upper floors - subject to Local Authority (Camden) planning consent.
Lease Assignment: Existing 10-year lease (commenced 2019) inside the 1954 Landlord & Tenant Act with rent reviews every five years and the ability for sub-letting part of the premises. Lease Premium of £75,000 and rental of £80,000 per annum for the whole building.
Legal Costs - Each party to bear their own legal costs - subject to the new/in-going tenant providing an undertaking to cover the landlord’s legal costs.
Location
The building is located on the junction of Grays Inn Road (A501) and St. Chads Street - very close to London Kings Cross Station. A number of indepedent retailers and office occupiers are located in the mixed use parade - KFC and Five Guys are also in very close proximity.
Viewings
By appointment with Stirling Ackroyd
With a prominent return frontage this is a prime opportunity in an ideal retail location for a number of businesses. The current ground floor holds seating for 36 customers with the potential to add further outdoor seating. Due to the location there is a high level of passing road traffic and footfall. With both internal and self-contained access to the upper floors, the premises is currently trading as Subway plus office use on the upper floors. The square footage is as follows:
Ground floor retail - 622 sq ft, plus basement - 245 sq ft - Total 867 sq ft.
First floor - 225 sq ft, second floor - 327 sq ft, third floor - 353 sq ft - Total 905 sq ft
Total Building Area - 1772 sq ft and vacant possesion throughout will be available upon completion.
The landlord will consider a residential conversion on the upper floors - subject to Local Authority (Camden) planning consent.
Lease Assignment: Existing 10-year lease (commenced 2019) inside the 1954 Landlord & Tenant Act with rent reviews every five years and the ability for sub-letting part of the premises. Lease Premium of £75,000 and rental of £80,000 per annum for the whole building.
Legal Costs - Each party to bear their own legal costs - subject to the new/in-going tenant providing an undertaking to cover the landlord’s legal costs.
Location
The building is located on the junction of Grays Inn Road (A501) and St. Chads Street - very close to London Kings Cross Station. A number of indepedent retailers and office occupiers are located in the mixed use parade - KFC and Five Guys are also in very close proximity.
Viewings
By appointment with Stirling Ackroyd
Property information from this agent
About this agent
Having served our clients for over 30 years, during this time, we have adapted our service to always stay one step ahead. Since setting up shop on Rivington Street in 1986, we have watched and assisted our local communities to grow into the thriving and fashionable hubs you see today.