Investment Properties: 100 - 106 Judd Street, London WC1H 9NT


100 - 106 Judd Street, London WC1H 9NT

OIEO £2,375,000 subject to contract

  • King’s Cross Retail & Restaurant Investment Opportunity.
  • Located immediately south of Euston Road, within 150m of King’s Cross St Pancras Underground Station, the British Library & the St. Pancras Renaissance Hotel.
  • Ideally situated less than 700m from St. Pancras International (Eurostar Terminal), King’s Cross Central, Euston Station, Euston Square Underground, University College London, Great Ormond Street Hospital, SOAS and University College Hospital.
  • Comprises a restaurant and two shops with an outstanding frontage along Judd Street totalling 3,034 sq ft / 281.87 sq m (NIA).
  • New Virtual Freehold interest – 999 years at a peppercorn.
  • Fully let with a total rental income of £120,000 per annum.
  • Weighted Average Unexpired Lease Term (WAULT) of 6.85 years to Expiries and 6.24 years to Breaks.
  • 46% of the rents to be reviewed to RPI (no cap) in September 2023.
  • The 3 tenants have been successfully trading from the properties since 2014 and all of them renewed their leases in 2018 (including 2 outside the 1954 L&T Act).
  • We are instructed to seek offers in excess of £2,375,000 (Two million, three hundred and seventy-five thousand pounds), subject to contract.
  • This reflects a Net Initial Yield of 4.75%, based on purchasers’ costs of 6.36%, and a Capital Value of £783 per sq ft overall.

Judd Street Video Footage - Click Here to View