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109 Kings Cross Rd 793 SF Retail Condo Unit Offered at $747,455 CAD in London WC1X 9LR
Investment Highlights
- Prominent King's Cross Road position
- Close to King's Cross & Farringdon
- Period mixed-use building
Executive Summary
The property forms part of a traditional period terrace fronting King's Cross Road in Central London. The building provides retail accommodation at ground floor level with ancillary basement space and benefits from a prominent roadside position within an established mixed commercial and residential location between King's Cross and Farringdon.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The accommodation comprises a ground floor restaurant arranged predominantly in open-plan format with ancillary basement accommodation. The unit benefits from gas, externally ducted extraction, licensed restaurant use and ancillary storage and support space at basement level. The layout is suited to restaurant, café or other Class E occupiers, subject to any necessary consents.
Sale Notes
Available for sale on a new 999 year headlease, at a peppercorn rent. The premises has been underlet to Xiran Limited for a term of 19 years from 20th January 2022 , on a full repairing and insuring lease, granted outside sections 24-28 of the Landlord & Tenant Act, for security of tenure.
The passing rent is £26,500 PAX and it is considered that the lease is reversionary with the next rent review being 20th January 2027, upward only, to open market rental value.
The passing rent is £26,500 PAX and it is considered that the lease is reversionary with the next rent review being 20th January 2027, upward only, to open market rental value.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Restaurant | 793 SF | Retail | $747,455 CAD ($942.57 CAD/SF) | - |
Unit Restaurant
| Unit Size |
| 793 SF |
| Condo Use |
| Retail |
| Price |
| $747,455 CAD ($942.57 CAD/SF) |
| NOI |
| - |
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Unit Restaurant
| Unit Size | 793 SF |
| Condo Use | Retail |
| Price | $747,455 CAD ($942.57 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Description | |
| The accommodation comprises a ground floor restaurant arranged predominantly in open-plan format with ancillary basement accommodation. The unit benefits from gas, externally ducted extraction, licensed restaurant use and ancillary storage and support space at basement level. The layout is suited to restaurant, café or other Class E occupiers, subject to any necessary consents.</li></ul> | |
| Sale Notes | |
| Available for sale on a new 999 year headlease, at a peppercorn rent. The premises has been underlet to Xiran Limited for a term of 19 years from 20th January 2022 , on a full repairing and insuring lease, granted outside sections 24-28 of the Landlord & Tenant Act, for security of tenure.<br> <br> The passing rent is £26,500 PAX and it is considered that the lease is reversionary with the next rent review being 20th January 2027, upward only, to open market rental value.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 793 SF | Typical Floor Size | 400 SF |
| Property Type | Retail (Condo) | Year Built | 1776 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | B | Lot Size | 0.03 AC |
| Floors | 4 |
| Total Building Size | 793 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 400 SF |
| Year Built | 1776 |
| Tenancy | Single |
| Lot Size | 0.03 AC |
Amenities
- Storage Space
1 1
Nearby Major Retailers
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109 Kings Cross Rd
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