Commercial property for sale in Belle Isle Site, York Way, Kings Cross, London, Greater London N20
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Property features
- Significant business/ office led development opportunity
- Long leasehold interest (250 years)
- Site area approximately 0.4 acres (0.16 hectares)
- Business/Office led development opportunity of up to 15 storeys stpp
- Offers invited via informal tender
- Range of amenities and excellent transport links
- Highly sought-after location next to Kings Cross Regeneration Area
Property description
For sale, long leasehold opportunity - significant business/ office led development opportunity.
The site comprises an area of hardstanding and raised grass area which is temporarily occupied as a storage compound. To the rear of the site is an existing auto transformer which consists of a fenced compound with a control building, two auto transformers and switch gear.
The existing ukpns sub-station within its own compound supplies power to the general railway and adjacent signal room and requires 24 hour vehicle access to be maintained through the site from York Way at all times. Further details of these requirements can be found in the data room.
The developer will need to seek the necessary design approvals for any development from HS1 and Network Rail in accordance with the Protective Provisions Agreement (ppa) and lefpa prior to seeking planning consent.
Dft own the freehold of the site and the entire site is leased to HS1 which expires in 2040 . The site is currently sub let as storage which expires in November 2022. Dft are proposing to extinguish HS1's long lease and grant a new 250 year lease to the successful purchaser, which will contain reservations and rights protecting all aspects of the operation and maintenance of the existing ukpns substation to the rear.
Location Highlights
The site benefits from excellent transport links, situated approximately 0.7 miles to the north of Kings Cross St Pancras tube Station and around 0.7 miles to the west of Caledonian Road & Barnsbury Overground Station.
Kings Cross St Pancras tube station links six London underground lines. Kings Cross Station provides rail services to the North East and Scotland and St Pancras Station, run by HS1, provides high speed domestic and international rail services to Kent and Europe, in addition to the Thameslink trains to the Midlands.
London's five international airports are equally accessible; all are less than an hour away with direct services to Heathrow, Gatwick and Luton.
Specification
For specification details, please speak to one of our agents.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Avison Young - Land & Development, EC2V on +44 121 721 2558 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Avison Young - Land & Development, and do not constitute property particulars. Please contact Avison Young - Land & Development for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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