An interesting investment opportunity comprising six self contained apartments arranged over second and third floors and which can be offered with vacant possession upon completion. Below is a schedule of the accommodation. The ground and first floors (commercial) have been sold upon long leases. Tenanted Portfolios

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Location

The property is located on the West side of Grays Inn Road just north of Theobalds Road and Clerkenwell Road. Grays Inn Road is a well-known retail/commercial area in central London running from Kings Cross (Eurostar) to Holborn, Midtown. Chancery Lane Underground Station (Central Line) and numerous bus routes are within a few minutes walking distance.

Description

A substantial brick faced property planned on six floors, comprising a retail shop (A1/A2)) trading as a sandwich shop/snack bar at ground floor level and six apartments over the remaining floors currently rented out on residential tenancy agreements. The shop is let on a commercial lease for a term of 15 years from May 2004 at a passing rental of £20,500 per annum exclusive.

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