Buy to Let Property

Plimsoll Building- London King's Cross

From: £1,275,000
Already occupied
Central London zone 1 location
Flats in the building sold for similar prices in 2018
24 Hour concierge
Two double bedrooms two bathrooms

London King’s Cross Property – Plimsoll Building


We are pleased to present an opportunity to purchase a two double bedroom, two bathroom apartment on the tenth floor of the Plimsoll building in King’s Cross.

Key Figures

£1,275,000
Starting Price

2.1%
Net Yield

Q4 2015
Completion Date

Investment Details

About the Plimsoll building

The plimsoll building is a beautiful complex in King’s Cross that overlooks Regent’s Canal and Gasholder Park. The Plimsoll development was built when the regeneration of King’s X was underway, and investors can use the increased attractiveness of the area to their advantage.

The ground and first floors are dedicated to its two schools, so there is a strong sense of community and longer term tenants with families living in the immediate area.

We have on offer a 10th floor apartment which boasts spectacular views, two double bedrooms, two modern bathrooms, open plan living area, fully fitted kitchen and balcony. Available furnished, the apartment is 69 square metres, including the balcony. Residents will benefit from the use of a 24-hour concierge, residents’ lounge, rooftop conservatory, courtyard garden and fitness suite. The apartment’s layout is ideal if it were to be let as a rental property. It boasts two bedrooms and two bathrooms, allowing each occupant maximum privacy and independence.

The asking price for the apartment is £1,275,000, which we believe is reasonable. Properties within the building were sold for a similar asking price in 2018 and the area is only becoming more and more sought after. Investors do not have to worry about immediately finding a tenant as the property is already occupied and the tenant intends to stay.


Investment features

  • The asking price for the apartment is £1,275,000
  • Two double bedrooms, two bathrooms
  • Central London zone 1 location
  • Already occupied
  • Flats in the building sold for similar prices in 2018
  • 24-hour concierge

The location

The Plimsoll building is located in the recently redeveloped King’s Cross area. The regeneration has been sensitive and paid homage to the original landscape of King’s Cross, hence the name Coal Drops Yard which has its roots in the gas manufacturing works in the area, which was made from coal. The Gasholder guideframes have been a landmark in King’s Cross for 150 years, and the largest one – Gasholder No.8 has been refurbished and is now home to a park and event space. Three more gas holders have been re-erected around stunning new apartments.

The closest station is King’s Cross St Pancras, which is one of the most connected stations on the underground network. From King’s Cross travellers can also reach areas to the north east of London, and from St. Pancras travellers can get to London Gatwick Airport, cities in the south of England and the Eurostar onwards towards France.

The Numbers

Ground Rent:£400

Number of Units:255

Service Charge:£5,000

Prices:£1,275,000

Leasehold:Resale

Kings Cross Railway & Underground Station
Kings Cross Academy
Central Saint Martins College
Angel Central Shopping Centre

Fully Furnished with parking

  • Reservation fee of £2,000.
  • Balance due on completion.

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