Offers invited
Confirmation
Victorian style warehouse building
London, United Kingdom
Office
#34417
Core+
27 Oct 2024
Property Details
Broker
For sale
32,161 sq.ft.
2,988 m²Leasable area
5
Freehold
Fees
Investment Overview
A Victorian style warehouse building comprises 32,161 sq ft (2,987.8 sq m) NIA of office accommodation arranged over lower ground, ground, and four upper floors. Multi-let to five tenants with 67% of the building vacant by floor area. Total current rent passing is £683,324 per annum. Excellent transport connectivity being situated within a 5 minute walking distance of Old Street (Northern & National Rail). The Elizabeth Line is accessible from the new Farringdon East station as well as both Liverpool Street and Moorgate, all of which are within close proximity. Opportunity to refurbish and extend the existing building through additional massing, to provide a design-led, ESG compliant office scheme that serves modern day office standards. Significant potential for permitted development rights and an opportunity to create a unique warehouse style residential conversion scheme, subject to the necessary consents and permissions.
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