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Investment Highlights
- Two miles north of central London
- Situated 1 mile from Kings Cross and less than 1 mile from Google, Facebook and YouTube HQs
- Majority of the building let to NHS Foundation Trust until March 2033
Executive Summary
Blenheim Court is a modern courtyard style of office units on the northern side of Brewery Road. The property benefits from courtyard area in the centre of the development providing vehicular access and parking spaces immediately to the front of the individual units. Units 8,9 & 10 comprises self-contained offices units arranged over ground, first and second floor. The property benefits from 9 car parking spaces.
Unit 8 is at present vacant. ERV: £24,000 p.a.
Unit 9 is at present let to Camden & Islington NHS Foundation Trust for a term of 10 Years from 25th March 2023 at a current rent of £146,000 p.a. and the lease contains internal repairing and insuring covenants by way of service charge. Rent review on 25.03.28 open market upward only. Tenant option to determine on 25.03.28 with min 6 months notice.
Unit 10 is at present let to Fittleworth Medical Ltd for a term of 5 Years from 1st July 2024 at a current rent of £40,000 p.a. and the lease contains internal repairing and insuring covenants by way of service charge. Tenant option to determine on 01.07.27 with min 6 months notice. Break clause in 2026 NOT exercised.
Unit 8 is at present vacant. ERV: £24,000 p.a.
Unit 9 is at present let to Camden & Islington NHS Foundation Trust for a term of 10 Years from 25th March 2023 at a current rent of £146,000 p.a. and the lease contains internal repairing and insuring covenants by way of service charge. Rent review on 25.03.28 open market upward only. Tenant option to determine on 25.03.28 with min 6 months notice.
Unit 10 is at present let to Fittleworth Medical Ltd for a term of 5 Years from 1st July 2024 at a current rent of £40,000 p.a. and the lease contains internal repairing and insuring covenants by way of service charge. Tenant option to determine on 01.07.27 with min 6 months notice. Break clause in 2026 NOT exercised.
Property Facts
| Price | £2,100,000 | Status | Active |
| Price psf | £291.75 / sq ft | Number of Properties | 3 |
| Yield | 10% | Individually For Sale | 0 |
| Sale Type | Investment | Total Property Size | 7,198 sq ft |
| Price | £2,100,000 |
| Price psf | £291.75 / sq ft |
| Yield | 10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Property Size | 7,198 sq ft |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 62 Brewery Rd, Ground - Unit 9, London N7 9NY | Office Unit | 5,525 sq ft | 1988 | - |
| 62 Brewery Rd, Ground - Unit 10, London N7 9NY | Office Unit | 968 sq ft | 1988 | - |
| 62 Brewery Rd, Ground - Unit 8, London N7 9NY | Office Unit | 705 sq ft | 1988 | - |
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Presented by
Units 8, 9 & 10 Blenheim Court
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