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Units 8,9,10 Blenheim Court 3 Condos Offered at $4,517,127 CAD in London
Investment Highlights
- Long leasehold office building comprising three units and private car parking.
- Nine car parking spaces within secure gated courtyard for tenant convenience.
- Excellent access to A5200 York Way and A5203 Caledonian Road routes for central London connectivity.
- Currently 91% let to NHS Foundation Trust and Fittleworth Medical Ltd, providing strong covenant security.
- Located 1 mile from Kings Cross and close to Google, Facebook, and YouTube headquarters.
- Prominent edge-of-zone 1 location with strong occupational demand and growth potential.
Executive Summary
This rare investment opportunity features three self-contained office units arranged over ground, first, and second floors within a modern courtyard-style development in the Barnsbury district of North London. Positioned on Brewery Road, the property benefits from excellent connectivity, situated just 1 mile from Kings Cross and within close reach of major tech headquarters including Google, Facebook, and YouTube. The property comprises Units 8, 9, and 10, providing a gross internal area of approximately 7,198 sq ft and nine dedicated on-site parking spaces.
Currently producing £186,000 per annum with an estimated rental value of £210,000 upon full occupancy, the asset is let primarily to the NHS Foundation Trust until March 2033, supplemented by another strong covenant in Fittleworth Medical Ltd. Unit 8 remains vacant, offering potential for immediate value enhancement. Held on a long 125-year lease from July 1989 with a ground rent of £37,500 per annum, this property provides stable income and attractive reversionary upside. The building benefits from proximity to major arterial routes, the A5200 York Way and A5203 Caledonian Road, ensuring smooth logistics and accessibility.
Currently producing £186,000 per annum with an estimated rental value of £210,000 upon full occupancy, the asset is let primarily to the NHS Foundation Trust until March 2033, supplemented by another strong covenant in Fittleworth Medical Ltd. Unit 8 remains vacant, offering potential for immediate value enhancement. Held on a long 125-year lease from July 1989 with a ground rent of £37,500 per annum, this property provides stable income and attractive reversionary upside. The building benefits from proximity to major arterial routes, the A5200 York Way and A5203 Caledonian Road, ensuring smooth logistics and accessibility.
Property Facts
| Price | $4,517,127 CAD | Status | Active |
| Price / SF | $329.93 CAD / SF | Number of Properties | 3 |
| Cap Rate | 7.67% | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 13,691 SF |
| Price | $4,517,127 CAD |
| Price / SF | $329.93 CAD / SF |
| Cap Rate | 7.67% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 2 |
| Total Building Size | 13,691 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 62 Brewery Rd, Ground - Unit 9, London N7 9NY | Office Condo | 5,525 SF | 1988 | $838,230 - $3,632,329 CAD |
| 62 Brewery Rd, Ground - Unit 10, London N7 9NY | Office Condo | 968 SF | 1988 | $838,230 - $3,632,329 CAD |
| 62 Brewery Rd, Ground - Unit 8, London N7 9NY | Office/Medical Condo | 7,198 SF | 1988 | - |
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Units 8,9,10 Blenheim Court
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