Freehold acquisitionFreehold light industrial buildings acquired for private clients in London N7
24 - 28 Vale Royal,
Kings Cross, LONDON N7 9APVale Royal runs east from York Way (A5200) and is situated about two thirds of a mile north of Kings Cross station, in between Camden and Barnsbury.
Local occupiers are mainly light industrial with some artists studios.
Transport communications are excellent with Kings Cross St Pancras being a short taxi or bus ride to the south.
This property comprises several adjoining dilapidated vacant industrial buildings on a site of around 0.25 acres which was brought to the market by liquidators in January 2014.
Planning consent was granted in 2005 and reserved matters were approved in 2009 for a 52,000 sq ft office and storage scheme, but the permission was not implemented and expired in 2009.
In the face of stiff competition, Gilmartin Ley advised private corporate buyers on the acquisition, negotiated with the seller’s agents, and agreed terms for the acquisition.
For corporate property agency services please contact Chris Gilmartin MRICS or Michael Gilmartin FRICS on 020 8882 0111.