This property presents a rare investment opportunity in the dynamic Kings Cross area, offering a semi-commercial unit comprising a restaurant on the ground and basement levels, alongside residential accommodation spread over the upper two floors. Recent planning permission has been approved by the London Borough of Camden to transform the living space into a separate apartment with its own entrance and an added mansard roof, elevating it to a three-storey dwelling featuring three to four bedrooms. The potential for this property is significant; investors can capture rental income not only from the thriving commercial restaurant but also from the newly converted apartment above, which could be utilized as an HMO yielding six rooms, maximizing overall returns. The current tenant is in place, necessitating proof of development intent and financial capability for vacant possession. Presently achieving a rental yield of £24,000 per annum, there are plans underway to adjust this figure closer to £70,000 per annum in alignment with market trends in the area. Located conveniently near Kings Cross Station and local amenities, this property stands at a pivotal moment for development, especially as opportunities in this area become increasingly scarce amidst ongoing growth. Architectural and planning documentation will be made available upon purchase consideration.
