Tankerton Works Sold Following Strong Investor Interest in King’s Cross

Ashurst Real Estate is pleased to announce the successful sale of Tankerton Works, located at 12 Argyle Walk, London WC1H 8HA, following a modest price adjustment and a tightly managed transaction timetable.

The 2,685 sq. ft. multi-let office building was sold in the region of the £1,500,000 asking price, reflecting a capital value of approximately £560 per sq. ft.

The transaction was completed swiftly after the buyer and seller agreed to a short and intensive timetable, with the deal concluding just a few working days before Christmas.

Tankerton Works currently generates £86,165 per annum in rental income, with one vacant suite that will be occupied by the purchaser—an online media organisation—providing immediate owner-occupier value alongside investment income.

This sale further underlines the depth of demand for well-located, character office buildings in King’s Cross, particularly where pricing is aligned with market conditions.

Ashurst Real Estate currently has two similar properties under offer in the King’s Cross area, reinforcing continued investor appetite for assets of this nature.

Property owners considering a sale in King’s Cross are encouraged to get in touch with David Shapiro to discuss current market conditions.

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