Letting Fee Information

Lettings Fees Administration & Contract Fees £150 plus VAT for a single person letting.

For all tenancy or lettings for 2 or more people is £100 plus VAT per person.

Sold 3 Bedrooms 1 Bathroom 1 Reception £675,000

Rosebery Avenue, Clerkenwell, EC1R - £675,000

A mixed-use freehold of shop and uppers situated midway between Kings Cross and Farringdon and opposite the fashionable Exmouth Market. The property comprises a commercial shop on the ground floor and a residential maisonette above. The property originally formed part of the living quarters of a Victorian dairy and has period features including sash-windows and high ceilings. The commercial part of the building is adjoined by another ground floor unit that is not part of the freehold - so the rear upper parts form a flying freehold over a fast-food outlet.

The residential part of the building on the first and second floors is in need of modernisation and has potential for redevelopment subject to planning. There is a separate kitchen at the rear on the first floor and above this a bathroom on the second floor. The reception and master bedroom are corner rooms with double aspect looking onto Rosebery Avenue and Yardley Street. The commercial shop is let on a long term basis. The upper residential parts are currently let but will be sold with vacant possession.

The location has excellent potential for fast and high capital growth. The huge transformation and development of Kings Cross St Pancras with the Eurostar terminal has had a dramatic effect on the property values of the surrounding area.

Farringdon has already seen above market growth for the whole of 2012 as the impact of Crossrail begins to tell. It will be a unique station with north/south connections between Luton and Gatwick airports via the Thamseslink line and Crossrail will add Heathrow and City airports. The fast access to Canary Wharf is possibly even more significant to rental and capital values in the future.

Viewing recommended for anyone looking for a project or to put their mark onto an interesting property in an enviable central London location.
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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.