Description
A rare opportunity to acquire a highly sought-after freehold in a superb location, just off Euston Road. This four-storey (plus basement) mixed use mid-terraced property offers both asset management and development opportunities, suitable to a range of purchasers.
The commercial accommodation is over the basement, ground and first floor of the property. SN Estates Ltd occupies part of the ground floor and basement of 47 Chalton Street, whilst the remaining ground floor and basement space at 49-51 Chalton Street are vacant. The first floor office is also vacant.
The remaining floors of the property contain three self contained flats, comprising a studio and two 3 bedroom flats, which are all currently vacant. The second floor contains the studio and 3 bedroom flat and the entire third floor comprises the other 3 bedroom flat.
Prime Mixed - Freehold Opportunity
Location
The property is positioned on the western side of Chalton Street, close to Euston Road, in the Borough of Camden. The surrounding area is made up of a mix of commercial and residential properties.
London Euston Station is 0.2 miles away, the busiest intercity railway and is due to see the arrival of the new HS2 by 2025. St Pancras International, which connects London to the majority of the United Kingdom and Eurotunnel link is 0.5 miles away.
The property lies in a highly desirable location with excellent surrounding transport links and is 0.2 miles from the British Library. Established nearby retailers include Pret A Manger, Pizza Express and Barclays.
Price Description
We are instructed to seek offers in the region of £3.05 million.
EPC
Available upon request.
Tenure Comments
Commercial Tenancy Overview
The commercial accommodation at 47 Charlon Street is occupied by SN Estates, a local estate agency (Class E use).;
They occupy part of the ground floor and basement. They have a 5-year lease from the 1st of July 2019 with a current passing rent of £16,635.84 per annum, a rent review is outstanding from December 2021.
49 Chalton Street containing ground, lower ground and basement is currently vacant. The first floor of 47-51 Chalton Street is currently vacant
Residential Tenancy Overview
The three residential flats are all currently vacant.
Rare complete freehold in central location
Close proximity to Euston Station and St Pancras International
Asset management and development opportunity
