Office for sale

Old Street, London EC1V


From
£1,650,000
2,138 ft²

Features

  • Freehold

Description

Key Points

  • Excellent location
  • Attractive corner building
  • Refurbishment potential
  • Scope for an additional floor
  • Original timber windows
  • Timber floors
  • Central heating
  • Basic strip and cat II lighting
  • 2 x Kitchenettes
  • 2 x W/c's

  • Description

    115 Old Street is a charming Grade II listed building of yellow brick construction, arranged over four floors and set under a flat felt roof.

    There is the potential to increase floor area by way of a mansard roof, subject to obtaining the necessary consents. The adjoining buildings within the listed terrace all have mansard roofs.

    The building has been owner occupied as charity offices since 1995 and should appeal to owner occupiers, investors and developers.

    Location

    115 Old Street is located on the corner of Old Street and Helmet Row.

    The corner building is adjacent to lso St Luke's, a renovated 18th-century church that has been home to London Symphony Orchestra as a rehearsal, performance and educational space since 2003.

    The building is also directly opposite Whitecross Street, a true Old Street district hotspot. The weekday street food market offers an excellent selection of lunch options from around the world to the hordes of local office workers.

    The Old Street district (silicon roundabout) has become internationally recognised as the centre for creative, tech and media start-ups alongside global giants. Professional and charity occupiers are also based locally.

    Local amenities are excellent with a huge variety of hotels, bars, restaurants and coffee houses immediately available.

    Highlights & Amenities

    • Excellent location
    • Attractive corner building
    • Refurbishment potential
    • Scope for an additional floor
    • Original timber windows
    • Timber floors
    • Central heating
    • Basic strip and cat II lighting
    • 2 X Kitchenettes
    • 2 X W/c's

    Approximate Floor Areas

    Second floor - 659 sq. Ft. (gia) - 520 sq. Ft. (nia)
    First floor - 650 sq. Ft. (gia) - 563 sq. Ft. (nia)
    Ground floor - 668 sq. Ft. (gia) - 534 sq. Ft. (nia)
    Basement - 646 sq. Ft. (gia) - 521 sq. Ft. (nia)
    Total - 2,623 sq. Ft. (gia) - 2,138 sq. Ft. (nia)

    The building has been measured by Sterling Temple, in accordance with the RICS Code of Measuring Practice and a copy of the measured survey is available upon request.

    Tenure

    The freehold interest in title number NGL317547 is offered for sale, with vacant possession being provided upon completion of legal formalities.

    Price

    £1,650,000.

    A purchase at this level would reflect a capital value of £772 per sq. Ft.

    VAT

    The building is not believed to be elected for VAT. Awaiting confirmation from hmrc.

    Planning

    The property is Grade II listed and located within the St. Luke's Conservation Area.
    The property has a Use Class of B1 (Offices).

    Floor Plans

    Floor plans are available upon request, in both PDF and dwg format.

    Legal Costs

    Each party is to be responsible for their own professional and legal costs incurred in the transaction.

    Categories

    Offices
    Call
    Property reference
    TH3270_3