CitySpace Kings Cross 52A York Way
7 Room Serviced Apartment London N1 9AB £3,500,000 (£500,000/Room) 5.89% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Pub and HMO investment
- directly opposite Googles new HQ in Prime Kings Cross and close to Coal Buker Yard shopping centre
- Potential to extend the upper floor accommodation
- HMO is entirely refurbished in 2023 and let for 9 further years. Pub has 74 years unexpired
- Exceptionally well located for transport
EXECUTIVE SUMMARY
Fully refurbished from shell and core, the HMO element is 7 rooms from 1st to 3rd floor and let for 9 years. the Pub is set over ground and basement with 74 years unexpired.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£206,300
|
£42.02
|
PROPERTY FACTS
| Price | £3,500,000 |
| Price Per Room | £500,000 |
| Sale Type | Investment |
| Net Initial Yield | 5.89% |
| Sale Condition | Direct Exchange |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Lot Size | 1.14 AC |
| Building Size | 4,909 SF |
| No. Rooms | 7 |
| Number of Floors | 4 |
| Year Built | 1990 |
| Corridor | Interior |
AMENITIES
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 7 | £186.00 | - |
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