17 WOBURN WALK LONDON WC1 RARE CENRAL LONDON, FREEHOLD, MIXED USE BLOCK FOR SALE Asset Management potential across current office and retail units and Planning Permission granted for development
INVEMEN SUMMARY Low captial value per square foot. Street of historical significance in Zone 1. 260m from Euston Station, the 5th busiest station in the UK with 41.7m passengers annually. L ow retail rents for Zone 1, with potential to reposition the retal offering and improve rental values. Vacant offices. Suitable for owner occupiers.
LE ROAD LOCAION S OS 01 Judd St Park E RE k 0 oc ist re 20 A4 av qua ens S rd Ga GH EI SL D EN 00 E Brunswick Street Gardens Euston overground (0.26 km) National and Intercity Rail Services Euston Underground (0.26 km) Northern, Victoria lines. Regent Sq Gardens LAC KP OC I AV A4 Warren Street E EE R RN BU WO ALK W NS GD H IG WR R CA EE R 1 50 US S DD JU 1-7 WOBURN WALK are Squ ton ens AD Eus Gard RO ON A Euston Square A5 E ON L ME Kings Cross St Pancras Underground (0.59 km) Metropolitan, Piccadilly, Hammersmith & City, Northern, Victoria lines. RE Euston Kings Cross St Pancras (0.59 km) Grand Central, Great Northern, Virgin East Coast 01 A5 EE Euston Station St Jame s Gardens St Pancras International (0.45 km) Eurostar, hameslink, South Eastern, East Midland rains ON UL R O SH ER EV his property benefits from excellent public transport connections with Euston, Kings Cross and St Pancras Station all a short walk to the North-East. PENONVIL St Pancras International Station King s Cross St Pancras Russell Square
SIUAION he property is situated on the north side of Woburn Walk, an attractive Victorian street situated in the northern area of Bloomsbury. Woburn Walk is a quaint pedestrainsed street. Designed by architect homas Cubitt in 1822 it was London s first purpose-built pedestrianised shopping street. Woburn Walk is home to a variety of small, independent shops and eateries. DESCRIPION he subject comprises a Grade II* listed, Victorian building comprising three retail shops with office accommodation arranged over three upper floors. Built by homas Cubitt in 1822, the street has changed little since is original construction and has a high degree of historical significance, with No.5 once being the home of Irish poet and dramatist William Butler Yeats. he property has retained the original stucco façade with first floor balconies and Dickensian style wooden shop fronts at ground level. he buildings rear elevation was rebuilt in the 1950's and in the late 20th Century the upper floors were converted to office use, accessed by a single staircase at the side of 1 Woburn Walk. ENURE Freehold USE he property benefits from B1a and A1 planning consent.
PLANNING he property lies within the Bloomsbury Conservation Area, within the jurisdiction of Camden Council and is Grade II* Listed. ASSE MANAGEMEN Vacant possession on the upper floors gives the property significant asset management potential, providing excellent prospects to reposition the property through refurbishment of the office accommodation or the implementation of the residential planning consent. he retail element of the property has very low rents for a Zone 1 location. his provides the potential to implement the rent reviews or reposition the rental offering through surrenders. RESIDENIAL CONSEN In December 2016 the property received planning consent (Application Number 2016/3342/P) for the "conversion of first, second and third floors from offices (B1a) to 4x selfcontained residential flats (2x1 bed and 2x2 bed) (C3) with associated alterations including 2 storey front infill extension and creation of 2 rear Juliet balconies."
FLOORPLANS (As existing) hird Floor Ground Floor Second Floor Basement First Floor
FREEHOLD Grade II* listed building of historical significance, set within the Bloomsbury Conservation Area. otal area of 3,952 sq ft, comprising 1,477 sq ft of retail and 2,475 sq ft of office accommodation, over basement, ground and three upper floors. PROPOSAL Offers are invited in excess of 3,250,000 (three million, two hundred fifty thousand pounds) subject to contract and exclusive of vat. his provides a low capital value of 822 PSF. ENANCY SCHEDULE Unit Floor enant 7 7 Basement (rear) Basement (front) Use Class Sq Ft Passing Rent (PSF) Lease Start Review Lease Expiry Comments Marler Estates PLC Peppercorn 29/09/1984 28/09/2983 LLH he London Electricity Board Peppercorn 22/11/1962 28/09/2022 LLH 1 Ground & Basement KAP (London) Limited /A Cnives Sandwich Bar A1 431 12,700 ( 29.47) 25/03/2007 25/03/2017 (Outstanding) 24/03/2032 Inside 1954 Act 9,525.00 rent deposit Basement circa 180 sq ft 3 & 5 Ground & basement, Unit 3 Ground, Unit 5 Dino Nicolaou /A Wot he Dickens Cafe A1 709 16,000 ( 22.57) 24/06/2009 24/06/2019 24/06/2029 Inside 1954 Act enant has indicated desire to assign or surrender. Basement circa 230 sq ft 5 & 7 Ground Unit 7 Basement Unit 5 Mantonville Limited /A Strim Hairdressers A1 337 11,500 ( 34.12) 24/06/2007 24/06/2017 (Outstanding) 23/06/2027 Inside 1954 Act Basement circa 130 sq ft First VACAN B1(a) 954 VACAN Second VACAN B1(a) 922 VACAN hird Regional Building Control Ltd B1(a) 599 1 YEAR LEASE Outside 1954 Act Mutual break option on 60 days notice otal 3,952 40,200 VIEWING Ben Blausten Damien Field Nicholas Silver ben@rib.co.uk damien@rib.co.uk nicholas@rib.co.uk : 020 7927 6331 : 020 7927 06220 : 020 7927 0622 Misrepresentation Act. 1967. hese particulars are intended only to give a fair description of the property and do not form the basis of a contract or any part thereof. hese descriptions and all other information are believed to be correct but their accuracy is no way guaranteed.