1
OAKLEY SQUARE LONDON NW1
Residential Investment Opportunity
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CAMDEN MARKET
KINGS CROSS ST. PANCRAS
MORNINGTON CRESECENT
CAMDEN TOWN
CAMDEN LOCK
• House in Multiple Occupation (HMO) configured to provide a mix of one bedroom and studio units
• Overall Gross Internal Area (including common parts) 262.4 sq m (2,825 sq ft)
• Fully let on ASTs currently producing £205,400 per annum
• Average rent of £395pw
• Average unit size is 21.1 sq m (227.2 sq ft)
INVESTMENT SUMMARY
• The units have all been recently refurbished to a high specification
• Located between Mornington Crescent and London Euston in the London Borough of Camden
• Situated approximately 500 metres south of Mornington Crescent London Underground Station, 800 metres north of London Euston and London Kings Cross Overground Stations
A modern, high specification residential investment opportunity situated in Central London
THE CITY
THE WEST END
LONDON EUSTON
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LOCATION & TRANSPORT
The property is located on the east side of Oakley Square at its junction with Eversholt Street, providing direct access to Mornington Crescent and Euston Road. Oakley Square is an attractive garden square that links Evershlot Road to Crowndale Road.
The property is immediately to the south of Camden High Street. The area is very well connected with Mornington Crescent London Underground Station 500 metres to the north, and London Euston and London Kings Cross Overground and London Underground Stations 800 metres to the south. In addition, St Pancras International provides services to France and Belgium on the Eurostar.
Travel times from Mornington Crescent Underground Station:
Euston 1 minute
Tottenham Court Road 6 minutes
Oxford Circus 9 minutes
Waterloo 10 minutes
There are also several bus routes within easy walking distance, as well as Barclays Bikes available adjacent to the property.
MIDLAND RO
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OLT STR
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CROWNDALE ROAD
CAMDENTOWN
CAMDENMARKET
CAMDENROAD
CHALKFARM
KING’S CROSSSTATION
MORNINGTONCRESCENT
EUSTON
ST.PANCRASINTERNATIONAL
KING’SCROSS
P R I M R O S EH I L L
C A M D E N
R E G E N T ’ SP A R K
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CHALK FARM
WARREN STREET
GOODGE STREET
TOTTENHAM COURT ROAD
LEICESTER SQUARE
CHARING CROSS
EMBANKMENT
WATERLOO
EUSTON
ANGELOLD STREET
MOORGATE
BANK
LONDON BRIDGE
Northern
Central
Piccadilly
Victoria
Bakerloo
Metropolitan
Hammersmith & City
Circle
Jubilee
Waterloo & City
National Rail
BOROUGH
ELEPHANT & CASTLE
KENNINGTON
KINGS CROSSST. PANCRAS
KENTISH TOWN
CAMDEN TOWN
TUFNELL PARK
BELSIZE PARK
HAMPSTEAD
MORNINGTON CRESCENT
King’s Cross Regeneration
The property is on the edge of the King’s Cross regeneration area, a substantial mixed use project involving the restoration of historic buildings in addition to new construction. The regeneration is set to deliver 500,000 sq ft (45,400 sq m) of retail, 2,000 new homes, 20 new streets and 10 new public squares.
4
DESCRIPTION
The property comprises ten self contained units, arranged over lower ground, ground and three upper floors. The property benefits from a communal garden to the rear, accessed on the ground floor. Two of the units benefit from outside space: Flat B2 has a private terrace and Flat 12 has a roof terrace.
Each of the apartments has been recently refurbished to a high standard with en suite bathrooms, fitted wardrobes and fully fitted kitchens.
Laundry facilities are provided on the ground floor.
Units are fully let on ASTs and currently produce £205,400 per annum.
Rents charged are inclusive of utilities and broadband, but exclusive of council tax.
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ACCOMMODATION
Unit No. Description Floor Floor Areas Rent Tenancy Dates
Sq m Sq ft Rent PCM
Rent PA
Start Date
End Date
B1 Studio LG 28.4 306 £1,885 £22,620 27/08/14 27/08/15
B2 1 bed LG 23.3 251 £1,928 £23,140 06/09/14 06/09/15
1 Studio G 23.6 254 £1,625 £19,500 28/09/14 27/09/15
2 Studio G 22.2 239 £1,625 £19,500 02/05/14 01/05/15
11 Studio 1 23.4 252 £1,755 £21,060 01/10/14 01/10/15
12 Studio 1 18.4 198 £1,712 £20,540 18/09/14 18/09/15
21 Studio 2 18.3 197 £1,625 £19,500 01/09/14 01/09/15
22 Studio 2 16.7 180 £1,538 £18,460 15/09/14 15/09/15
31 1 bed 3 19.9 214 £1,712 £20,540 18/09/14 18/09/15
32 1 bed 3 16.8 181 £1,712 £20,540 23/09/14 23/09/15
TOTAL 211.0 2,272 £17,117 £205,400
*Rents as of September 2014
*These floor areas have been supplied by BKR Floorplanners and we understand they have been measured in accordance with the RICS Code of Measuring Practice.
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FLOOR PLANS
Lower Ground Floor Ground Floor First Floor Second Floor Third Floor
N
9'6'' x 7'2.90 x 2.13m
9' x 7'2.74 x 2.13m
10'9'' x 6'6''3.28 x1.98m10' x 9'
3.05 x 2.74m16'6'' x 9'5.03 x 2.74m
12' x 10'3''3.66 x 3.12m
16'6'' x 9'3''5.03 x 2.82m
12'3'' x 10'3''3.73 x 3.12m
12'9'' x 11'6''3.89 x 3.51m
9'6'' x 9'2.90 x 2.74m
7'9'' x 6'2.36 x 1.83m
Garden36' x 17'9''
10.97 x 5.41m
16' x 14'3''4.88 x 4.34m
LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
6'6" x 5'3"1.98 x 1.60m
14'3" x 9'4.34 x 2.74m 7'6" x 7'3"
2.29 x 2.21m
Terrace11'6'' x 11'6''3.51 x 3.51m
Terrace17' x 6'6''
5.18 x 1.98m
N
9'6'' x 7'2.90 x 2.13m
9' x 7'2.74 x 2.13m
10'9'' x 6'6''3.28 x1.98m10' x 9'
3.05 x 2.74m16'6'' x 9'5.03 x 2.74m
12' x 10'3''3.66 x 3.12m
16'6'' x 9'3''5.03 x 2.82m
12'3'' x 10'3''3.73 x 3.12m
12'9'' x 11'6''3.89 x 3.51m
9'6'' x 9'2.90 x 2.74m
7'9'' x 6'2.36 x 1.83m
Garden36' x 17'9''
10.97 x 5.41m
16' x 14'3''4.88 x 4.34m
LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
6'6" x 5'3"1.98 x 1.60m
14'3" x 9'4.34 x 2.74m 7'6" x 7'3"
2.29 x 2.21m
Terrace11'6'' x 11'6''3.51 x 3.51m
Terrace17' x 6'6''
5.18 x 1.98m
N
9'6'' x 7'2.90 x 2.13m
9' x 7'2.74 x 2.13m
10'9'' x 6'6''3.28 x1.98m10' x 9'
3.05 x 2.74m16'6'' x 9'5.03 x 2.74m
12' x 10'3''3.66 x 3.12m
16'6'' x 9'3''5.03 x 2.82m
12'3'' x 10'3''3.73 x 3.12m
12'9'' x 11'6''3.89 x 3.51m
9'6'' x 9'2.90 x 2.74m
7'9'' x 6'2.36 x 1.83m
Garden36' x 17'9''
10.97 x 5.41m
16' x 14'3''4.88 x 4.34m
LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
6'6" x 5'3"1.98 x 1.60m
14'3" x 9'4.34 x 2.74m 7'6" x 7'3"
2.29 x 2.21m
Terrace11'6'' x 11'6''3.51 x 3.51m
Terrace17' x 6'6''
5.18 x 1.98m
N
9'6'' x 7'2.90 x 2.13m
9' x 7'2.74 x 2.13m
10'9'' x 6'6''3.28 x1.98m10' x 9'
3.05 x 2.74m16'6'' x 9'5.03 x 2.74m
12' x 10'3''3.66 x 3.12m
16'6'' x 9'3''5.03 x 2.82m
12'3'' x 10'3''3.73 x 3.12m
12'9'' x 11'6''3.89 x 3.51m
9'6'' x 9'2.90 x 2.74m
7'9'' x 6'2.36 x 1.83m
Garden36' x 17'9''
10.97 x 5.41m
16' x 14'3''4.88 x 4.34m
LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
6'6" x 5'3"1.98 x 1.60m
14'3" x 9'4.34 x 2.74m 7'6" x 7'3"
2.29 x 2.21m
Terrace11'6'' x 11'6''3.51 x 3.51m
Terrace17' x 6'6''
5.18 x 1.98m
N
9'6'' x 7'2.90 x 2.13m
9' x 7'2.74 x 2.13m
10'9'' x 6'6''3.28 x1.98m10' x 9'
3.05 x 2.74m16'6'' x 9'5.03 x 2.74m
12' x 10'3''3.66 x 3.12m
16'6'' x 9'3''5.03 x 2.82m
12'3'' x 10'3''3.73 x 3.12m
12'9'' x 11'6''3.89 x 3.51m
9'6'' x 9'2.90 x 2.74m
7'9'' x 6'2.36 x 1.83m
Garden36' x 17'9''
10.97 x 5.41m
16' x 14'3''4.88 x 4.34m
LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
6'6" x 5'3"1.98 x 1.60m
14'3" x 9'4.34 x 2.74m 7'6" x 7'3"
2.29 x 2.21m
Terrace11'6'' x 11'6''3.51 x 3.51m
Terrace17' x 6'6''
5.18 x 1.98m
All Plans Not to Scale - for Identification Purposes Only
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FURTHER INFORMATION
A full dataroom can be found at:
savills.com/oakleysquare
Please register for access.
EPCs can be found there.
CONTACTS
For further information please contact:
Davina Clowes +44 (0) 20 7016 3838 [email protected]
James Laverack +44 (0) 20 7016 3770 [email protected]
Important Notice
Savills, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Designed and Produced by Savills Marketing: 020 7499 8644
September 2014
VIEWINGS
Viewings are strictly by appointment only through the selling agents Savills.
TENURE
The property is held freehold.
PLANNING
The property is classified as a House of Multiple Occupation (HMO) (sui generis). The property has council approval to be configured as a “property of 10 flats each with its own kitchen and bathroom” with “shared private laundry facilities”.
METHOD OF SALE
The property is offered by private treaty.
Offers are sought for the freehold interest subject to contract and the existing tenancies.
Should a closing date be set for the submission of offers, all parties who have expressed an interest will be advised accordingly.