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Marchmont Street, Bloomsbury, London, WC1N

  • 3 Bedrooms
  • 3 Bathrooms
  • Offers in Excess Of £1,600,000
  • Freehold
  • Online Viewing available

PROPERTY DETAILS

Property Ref: WMS180078

  • Period freehold building arranged over 5 floors
  • Comprising 3 x 1-bedroom flats on upper floors
  • Refurbished in 2018 to a high standard
  • Held in SPV (no SDLT)
  • All let on long AST's generating approx 5% yield
  • Walking distance to Russell Square & Euston stations
  • Close proximity to Kings Cross St Pancras

An opportunity to acquire an SPV, owning this period freehold building arranged over 5 floors, comprising 3 x 1-bedroom flats on upper floors which have been refurbished as recently as 2018 to a high standard and let on long AST's.

Ground floor commercial has got a Head lease 999 years, lower ground floor flat has been sold on a long lease with ground rent payments. The property is moments away from King's Cross and is serviced by Russell Square underground station. The area benefits from numerous amenities including University of London, UCL and London School of Economics making this property an ideal building for student or hospital staff rentals.

PLEASE NOTE: These particulars are only a general outline for the guidance of intending purchasers or lessees and do not constitute in whole or in part an offer or a Contract. Reasonable endeavours have been made to ensure that the information given in these particulars is materially correct but any intending purchaser or lessee should satisfy themselves by inspection, searches, enquiries and survey as to the correctness of each statement. All statements in these particulars are made without responsibility on the part of LiFE Residential or the vendor or lessor. No statement in these particulars is to be relied upon as a statement or representation of fact. Nothing in these particulars shall be deemed to be a statement that the property is in good repair or condition or otherwise nor that any services or facilities are in good working order.

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