Property description
FREEHOLD BUILDING
FOUR FLATS
COMMERCIAL UNIT
EXISTING INCOME STREAM
PART VACANT POSSESSION
2,781 SQFT APPROX
Income producing mixed-use freehold for sale with potential for part vacant possession.
Location:
51 Red Lion Street sits between Theobald's Road and High Holborn, close to the junction of Red Lion Street and Princeton Street. The street is a mixed offering of predominantly restaurants and eateries that service the large nearby office community. In addition to a wide and varied mix of commercial occupiers the area is a favoured residential location.
Opposite the building is a forthcoming Holiday Inn.
Just north of Red Lion Street is Lambs Conduit Street which is renowned for independent Men's fashion retailing.
The property benefits from excellent transport links with Holborn Station (Central and Piccadilly Line) a short stroll away, offering easy access to the City and Heathrow.
Accommodation:
51 Red Lion Street is a prominent mixed-use building with A3 restaurant premises on the ground and basement. This unit is has been let for a term of 10 years from 22nd October 2012, producing an income of �30,000 per annum, inside the landlord and tenant act 1954.
We are awaiting confirmed details of the tenant break clause and rent review.
The upper three floors contain four self-contained apartments (2 x 2 bedroom and 2 x 1 bedroom).
Tenure:
Freehold
VAT:
The property is not registered for VAT.
Property Info: