We are delighted to announce that RIB have recently been instructed on the sale of a Bloomsbury investment property.
Bloomsbury is known as London’s literary and educational heartland. It is home to a wide range of institutions including the British Museum, University College London, and the eponymous Bloomsbury Publishing – publishers of the world-renowned Harry Potter series. Bloomsbury is famous for their numerous green squares including Bloomsbury Square, Brunswick Square, and Russell Square.
This Bloomsbury investment property is located at 5 Coptic Street and 3 Stedham Place. It is a mixed use property with offices, an A3 restaurant, and a duplex apartment within the property. The restaurant is trading as Konaki Greek restaurant and is currently let until 2035 at a rental value of £45,256.33 per annum with fixed annual increases by a factor of 1.025. The first floor is comprised of an office and outside terrace which is currently let at £25,000 per annum. However, this element of the property will have the benefit of vacant possession in April 2019. This makes it perfect for owner occupiers looking to make this Bloomsbury investment their business’s new home. The top two floors are comprised of a duplex apartment with access to a roof terrace and is currently let on an AST. Access to the restaurant is provided via Coptic Street, whilst the office and apartment are accessed via the gated mews street of Stedham Place.
The subject property is located between Bloomsbury Street and Southampton Row which is within walking distance of the British Museum. The area is a mixed commercial/residential location with Holborn and the new Tottenham Court Road Crossrail Station within a few minutes walking distance from the property. This Bloomsbury investment is being sold freehold. For further information, please contact one of our dedicated investment team of take a look at our property listing.
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