Auction House London

Lot 48

Block of Apartments - Flats / Apartments 

35 Swinton Street

Kings Cross, London, WC1X 9NT

£2,100,000+

Guide Price (plus fees)

A Well Located Grade II Listed End of Terrace Period Building Currently Arranged to Provide Seven Self-Contained Flats (Five x 1 Beds, Two x Studios). Part Let Producing £75,000 per annum. Offer from Tenants to Let the Remaining Two Flats at an Additional £23,400 Per annum

Description

The property comprises a substantial end of terrace period building arranged over lower ground, ground and three upper floors internally arranged as seven self contained flats.

Tenure

Freehold

Location

The property is situated in the sought after area of Kings Cross close to local shops and amenities. A multitude of local parks are within easy reach. Transport links are provided by Kings Cross St Pancras underground and rail stations as well as St Pancras International which provides Eurostar access.

Addendum

The two studios are not currently let. There is an offer from the existing tenant to let the two flats. The incoming buyer can choose to exercise this if they wish.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Flat A Lower Ground Studio Room, Kitchen, Shower Room Offer of 1 year tenancy at £1,150 pcm (£13,800)
Flat B Lower Ground Studio Room, Kitchen, Shower Room Offer of 1 year tenancy at £800 pcm (£9,600)
Flat 5 Ground Open Plan Reception/Kitchen, Bedroom, Two Bathrooms Let on a corporate AST for 6 months starting 1st October 2021 at a rent of £1,250 pcm £15,000
Flat 1 Ground Open Plan Reception/Kitchen, Bedroom, Bathroom Let on 3 year tenancy from Feb 2021 at £1,250 pcm £15,000
Flat 2 First Open Plan Reception/Kitchen, Bedroom, Bathroom Let on 3 year tenancy from Feb 2021 at £1,250 pcm £15,000
Flat 3 Second Open Plan Reception/Kitchen, Bedroom, Bathroom Let on 3 year tenancy from Feb 2021 at £1,250 pcm £15,000
Flat 4 Third Open Plan Reception/Kitchen, Bedroom, Bathroom Let on 3 year tenancy from Feb 2021 at £1,250 pcm £15,000

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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