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Victorian style warehouse building

London, United Kingdom

74%

Offers invited

Office

#34417

Core+

27 Oct 2024

Property Details

Broker

For sale

32,161 sq.ft.

2,988 m²

Leasable area

5

Freehold

X

Fees

0.00 %

0.50 %

0.50 %

0.50 %

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.