Lot 114 - Basement and Ground Floor, 26 Old Gloucester Street, London, Camden, WC1N 3AN

Long Leasehold Interest in Prime Central London

Description

Key Features

Auction date: 14 May 2025
Commercial long leasehold
Ground floor and basement
Currently let as two residential ASTs
Ground floor courtyard
Prestigious address
No access for viewings
Easy access into central London
Leasehold

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, we are advised 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.

RPRS have not been granted access to the properties and we are relying on information provided by the Joint Administrators and the legal pack. Purchasers must make their own investigations prior to bidding.

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 – We are advised it is a one bedroom apartment comprising an open plan reception area and kitchen, WC, private patio, 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 – We are advised it is 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.

EPC

The ground floor is rated D. The lower ground floor is rated E. 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

2% (min, £3,000) plus VAT

Viewings

There will be no access granted for internal inspection at the properties.

Disclaimer

RPRS have not inspected this lot internally and have relied upon information provided by the Joint Administrators and the legal pack. Purchasers must make their own investigations prior to bidding.