Secured Investment Long Let to the NHS & Pharmaceutical

Office for sale in London

FOR SALE: a commercial investment property off Caledonian Road.



The building contains three commercial units across three floors, with a significant portion leased to the NHS.



Location: Blenheim Court is located on the north side of Brewery Road within a gated development adjacent to the popular Caledonian Park.



Brewery Road connects Caledonian Road and York Way, the two main roads providing access to nearby Kings Cross and central London. Public transport links are excellent, with both Caledonian Road Underground Station (Piccadilly Line) and Caledonian Road & Barnsbury (National Rail) station a short walk away. Nearby Caledonian Road provides numerous amenities including shops, restaurants, cafes and parks.



The property is conveniently located just under half a mile from Google and YouTube's London headquarters in Pancras Square. Meta's headquarters on Canal Reach is also less than a mile away.



Description: This tenanted investment is comprised of 3 x units (sold on leasehold, paying £32,000 PA ground rent in total).



Unit 8 - self-contained ground-floor office/studio spaces. Currently on the market for rent for £24,000 per annum.



Unit 9 is a substantial office space spread across the ground, first, and second floors. The NHS has been the sole occupant since 2015 and recently renewed their lease in October 2023 for a 10-year term, with a break clause at the end of the fifth year. The current passing rent is £146,000 per annum.



The NHS occupies seven of the nine available units in this investment. Their tenancy includes:



The first & second floor of Unit 8



The ground, first, and second floors of Unit 9



The first and second floors of Unit 10



Unit 10 is a self-contained ground-floor office/studio space occupied by Fittleworth Medical. The tenant first occupied the unit in 2018 and renewed their lease in 2023 for a five-year term, with a break clause in July 2027. The current passing rent is £40,000 per annum.



Accommodation Commercial:



Unit 8 - Commercial unit area: 858.6 Sq Ft (79.7 Sq M)



Unit 9 - Commercial unit area: 6229.72 Sq Ft (578.76 Sq M)



Unit 10 - Commercial unit area: 1013.31 Sq Ft (94.14 Sq M)



Total floor area: 8101 Sq Ft (775.08 Sq M)



Amenities:

Leasehold Purchase

Tenanted Investment

Secure Development

Total income - £186,000 per annum.



Terms Leasehold Sale - 89 years remaining



Rates:

Parties are advised to make their own enquires with the local authority.



Legal Costs: Each party to bear own legal costs.



Viewing - Strictly by prior appointment through Drivers and Norris.

Important Information

• This is a Leasehold property.
• The annual cost for the ground rent on this property is £32000

Property Ref: DAN_DAN250473

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