Mixed-use investment opportunity

Highly prominent corner freehold property located in a vibrant area of Shoreditch in the heart of London’s tech and creative cluster. Situated 250 metres north of the Old Street Station providing excellent connectivity across Central London. Refurbished warehouse building totalling 34,682 sq ft of office and residential accommodation arranged over basement, ground and four upper floors. The property benefits from two large external roof terraces providing views across Central London. 24,060 sq ft of office and ancillary accommodation across the basement, ground, first and second floors. Offices fully let to three tenants generating a gross annual rental income of £1,108,370.52 (£46.07 per sq ft) per annum and a WAULT of 3.5 years to expiries. Nine high-quality residential apartments across. 10,622 sq ft on the 3rd and 4th floors let on assured short hold tenancies, producing a gross annual passing rent of £401,400. Total gross annual income of £1,509,770.52. Scope to extend the existing building at roof level subject to gaining the necessary consents. Originally constructed in the 1930s and comprehensively refurbished and extended c.10 years ago.