Lot 3 Click here for addendum
Vacant Office - 4,155 sq ft (GIA) - Low Capital Value - Only £313 per sq ft
6 Week Completion
Situation
Located on the corner with Underwood Street, close to City Road (A501) and amongst a variety of offices, studios, works spaces, apartments and hotels, ideally positioned between Shoreditch, Islington and the City.
Old Street Station (Northern Line and Great Northern Rail) is conveniently located approx. 500 yards from the property.
Property
Forming part of a former warehouse building, converted to apartments and offices in the 1990's, comprising a Ground Floor Self-Contained Office with 1 allocated Parking Space in the Basement.
The Office features:
- High ceilings throughout.
- Large windows.
- Exposed brickwork.
- Parquet flooring (in part).
- Fully fitted kitchen.
- Central heating / Climate control (in part)
- 3 WCs and shower.
- Intruder alarm.
Accommodation
Ground Floor Office
Net Internal Area Approx. 3,763 sq ft
(Gross Internal Area Approx. 4,155 sq ft)
Plus 1 Allocated Basement Parking Space
VAT is applicable to this Lot
Tenure
Held on two leases each for a term of 999 years from 29th September 1997 at a fixed ground rent of £150 p.a. (total ground rent £300 p.a.).
Offered with Vacant Possession
DEVELOPMENT POTENTIAL
The upper floors of the building comprise residential apartments. The ground floor may have potential for conversion to Residential Use, subject to obtaining the neccessary consents. Furthermore, the Vendor made a Pre-Application submission to the London Borough of Hackney on 28th August 2026 to convert this ground floor office to 2 Self-Contained Flats as follows:
- 1 x 2,040 sq ft 2 Bed Flat.
- 1 x 2,010 sq ft 1 Bed Flat.
Click here to view the Pre-App Documentation.
Note: The office was previously rented at £112,890 p.a. exclusive.
VIDEO TOUR
Click here to view the video tour of the property
