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Description

FREEHOLD FOR SALE ESTABLISHED HOSTEL IN KINGS CROSS

Location:
The property occupies a prominent position on Caledonian Road and is situated on the Eastern side of the road between the junctions of Northdown Street and Pentonville Road. Kings Cross and St Pancras Stations are approximately 200 and 250 meters from the property. Nearby amenities include the British Library, St Pancras International Station and the Gagosian Gallery. The area is also well served by a number of restaurants, coffee bars and retail units, including Starbucks, Pret A Manger and McDonalds.

Description:
The self contained premises is currently trading as a hostel, comprising of 18 rooms, split into twin, double and dorm rooms with the benefit of a self catering kitchen, dining and common areas and are arranged as follows:

Floor: Sq ft (sq m)

Basement: 2,791 sq ft (259.2 sq m)
Ground: 2,588 sq ft (240.4 sq m)
First Floor: 1,196 sq ft (111.1 sq m)
Second Floor: 1,170 sq ft (108.6 sq m)

Total NIA: 7,745 sq ft (719.5 sq m)


Accommodation:

Type of Room Number of Rooms Total Beds
Sleeps 4 (2 x Bunk Beds) 7 28
Sleeps 8 (4 x Bunk Beds) 5 40
Sleeps 10 (5 x Bunk Beds) 1 10
Sleeps 2 (1 x Bunk Bed) 2 4
Sleeps 2 (1 x Double Bed) 3 6
Staff Room & Office 1 N/A
Internet Room 1 N/A
T.V Room 1 N/A
Breakfast Room / Kitchen 1 N/A
88 Beds in Total

In addition to the above, there are 11 WC’s and 10 Shower Units in total throughout the building.

NB: Our client informs us that each bed is rented out at £15 per night.
Use:
The property has the benefit of Hostel use (Sui Generis).


Tenure:
Freehold.

Price:
Offers in the region of £2 Million, subject to contract.

Legal Costs:
Each party to be responsible for their own legal costs incurred in this transaction.

Viewing & Further Information:
For further information or an appointment to inspect, please contact Owners Joint Sole Agents:

Goodsir Graham

020 7796 3796