Property photos
Leasehold
From
£80,000 pa
(£128.62/sq. ft. pa)
Retail premises to let
Gray's Inn Road, London WC1XFrom 622 - 1,672 sq. ft
Local area information
Property location
Nearby amenities
- London Kings Cross 0.1 miles
- King's Cross St. Pancras 0.1 miles
- Argyle Primary School 0.2 miles
- Winton Primary School 0.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Holborn, Clerkenwell and Islington to find out more about the local area.
Features and description
- Leasehold
Key Points
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
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
More information
Listed by
Stirling Ackroyd - Commercial
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