Substantial mixed use building located next to the junction of Camden Road and Brecknock Road. Offering residential conversion opportunity subject to necessary consents.
Located at the norther end on York Way which connects with Kings Cross Station at the southern end. The property is a short walk from Caledonian Park and only 15 minutes from Caledonian Road Underground Station or Camden Road Over Ground Station. Numerous Bus routes service York Way and Camden Road offering quick connections to Kings Cross, Euston, Bloomsbury and the West End.
This is a mixed use mid terraced Victorian building. Comprised of a four bedroom maisonette over the upper floors and a commercial unit over the ground and basement. The commercial unit is currently occupied by an established dry cleaners paying £13,920 per annum on a Full Repairing and Insuring Lease which expires in June 2020. The large basement benefits from good ceiling height and is thought suitable for conversion into a one bed flat, subject to necessary consents. There is also a private garden at the rear of the property.
The upper floors are occupied by a four bedroom maisonette which retains some Victorian features like wood sash windows and high ceilings. Comprised of a large reception, bathroom and kitchen on the first floor. There are two double bedrooms with built in cupboards and a single bedroom on the second floor with a further bedroom in the attic. The tenants are also using the flat roof outside the kitchen as a patio space. We have been informed that the flat is occupied on a periodic tenancy at £1,500 per calendar month, in our opinion this is below the market value and there is significant scope to improve the rent.
There is also scope to add a dormer extension subject to the necessary consents.
Viewing Strictly by appointment through Drivers and Norris.