Overview



The property is a long leasehold interest situated on the ground floor and basement levels of an attractive building located in Bloomsbury, London.



We are advised the leasehold interest has consent for commercial usage as offices, however, the space is currently being used as two residential dwellings being let under assured shorthold tenancies in breach of the terms of the long leasehold.



The ground floor comprises a good sized one bedroom flat, with open plan kitchen / diner lounge, useful hallway and two bathrooms. The basement comprises a studio with open plan kitchen / diner bedroom, separate bathroom, additional vault and hallway. The two units have been fitted out to a good standard throughout.



Location



Situated in the heart of Bloomsbury, Old Gloucester Street offers a prime central London address with excellent transport links and a wealth of local amenities. Nestled between Russell Square and Holborn, this desirable location provides easy access to the West End, the City, and major universities. Residents enjoy the charm of historic Bloomsbury with its garden squares, cultural landmarks, and a vibrant selection of shops, cafes, and restaurants. Excellent connectivity via nearby Tube stations, bus routes, and mainline rail services makes this a highly sought-after area.



Accommodation & Tenancy Information



Ground floor - One bedroom apartment comprising an open plan reception area and kitchen, WC, bedroom and ensuite.



£1,600 per calendar month (£19,200 pax)



Term: 5 years from 28 October 2024



Rent payable annually in advance



Lower ground floor - A studio comprising an open plan reception room with kitchen, bathroom, living and sleeping area.



£1,600 per calendar month (£19,200 pax)



Term: 3 years from 10 August 2023



Rent payable quarterly in advance



Purchasers are advised to check the legal pack and AST Agreements.



Grade Listing Status



The building is Grade II listed. Interested parties should make their own investigations.



Council Tax



The ground floor is rated D by Camden Council. The lower ground floor is rated D by Camden Council. Interested parties should make their own investigations.



Tenure



Leasehold

Term: 999 Years from 5 October 2011

Ground rent: check legal pack

Interested parties should make their own investigations



Guide Price



£650,000+*



VAT



Interested parties should make their own investigations



Online Auction Details



Date: Wednesday 14 May 2025

Bidding opens: 10.00am

Bidding closes: 13.00pm

Auction number: 108

Lot number: 114



Buyers Premium



1.5% (min, £3,000) plus VAT



Disclaimer



Purchasers must make their own investigations prior to bidding.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.