Property Investment Ref: PI01235

 

 

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There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

 

PERIOD OFFICE BUILDING INVESTMENT  

MEWS TO THE REAR

 

BEDFORD SQUARE
BLOOMSBURY WC1B

GROSS INTERNAL AREA: 995.3 SQ M (10,714 SQ FT)

 FREEHOLD £5.5 MILLION

 

LOCATION

The property is situated on the southern side of Bedford Square, at its junction with Adeline Place.

 

The premises are 250 metres from Tottenham Court Road (Northern & Central Line) Underground Station and 1km from Euston Station.

 

 

DESCRIPTION

A four storey end of terrace property, with a mews building to the rear.

We are not retained and would require a fee to be agreed further information is available

on receipt of a L.O.I or P.O.F

 

This is a very good deal for long term investor who knows where to sustain a good investment.

ACCOMMODATION

 

 

PLANNING

Planning potential to convert to one residential house subject to the necessary planning consents. .

 

 

TERMS

 

 

 

Tenure

Freehold.

 

 

Tenant:

Gardiner & Theobald. 

 

 

Tenure:

The property is held on a lease expiring on 24 December 2010.

 

 

Rent:

£275,000 per annum exclusive until 24 December 2009

£195,000 per annum exclusive until 24 December 2010. 

 

 

Price

£5.5 million

 

 

Rates

We have been advised that as of 1 April 2005 the rateable value is £168,000.  Rates payable for this financial year are £74,592.00

 

 

VAT

VAT may be applicable on this property

 

 

Legal Costs

Each party are to bear their own legal and surveying costs incurred in this matter.

 

 

Viewing

Strictly by appointment

 

We are not retained and would require a fee to be agreed further information is available

on receipt of a Letter of Interest and a signed Fee agreement.

 

 

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