Property description
An attractive period building arranged over the Lower Ground, Ground and 3 upper floors, comprising of three self-contained residential apartments. The three units have been sold off on 125 year residential leases from 1991.
The property is located close to the junction of Bury Place and moments away from The British Museum.
Holborn, Tottenham Court Road and Russell Square Underground stations are all within a few minutes' walk of the property. The open spaces of Bloomsbury Square Gardens are also situated within close proximity.
The total ground rent income per annum is �375 for the next 24 years, increasing to �468 for the following 25 years, to �585 thereafter and �732 for the final 25 years. The Ground Floor and Basement is currently being used for A1 retail purposes. Potential change of use subject to the necessary consents.
Tenure - Freehold.
Tenancy - The Ground and Lower Ground floor tenant is holding over. Vacant possession can be obtained upon six months' written notice.
We are seeking offers in excess of �400,000 (Four Hundred Thousand Pounds) for the freehold interest of the property, subject to contract.
For Further information or to arrange a viewing, please contact:
Daniel Orgel
0207 927 0619
danielo@rib.co.uk