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Office for sale

17-21 Wenlock Road, London, N1

£8,325,000
11,070 sq. ft.

Property Description

Commercial information

  • 11,070 sq ft (1,028 sq m)

Key features

  • A sought after Shoreditch location.
  • Located within the 'tech belt' district of Silicon Roundabout.
  • Close to the Regent's Canal and overlooking Shepherdess Walk Park and the Wenlock Basin.
  • Four commercial units totalling 11,070 sq ft.
  • Set within Hawkins Brown Architects unique and multi award-winning building, The Cube.
  • Attractive investment opportunity with varying unit sizes and lease lengths. 8,325,000 for the long leasehold interest.
  • A sale at this level produces a Net Initial Yield of 5.37%, assuming purchasers costs of 6.7%.
  • A sale at this level will reflect a capital value of 752 per sq ft.

Full description

Tenure: Leasehold

Location
The Cube Building is situated on Wenlock Road, London, N1 and overlooks Shepherdess Walk Park and Wenlock Basin, which leads on to Regent's Canal.

Approached from City Road, the property is well located between Old Street Roundabout and Islington's Upper Street.

The area around Old Street Roundabout has been subject to substantial investment and development over recent years and the significant benefits can now be seen. This district is regarded as being one of the most thriving, diverse and desirable locations that London has to offer. Small and large scale property developments continue alongside the ever growing list of high profile occupiers. Innovative start-ups are drawn to the area and grow alongside some of the best tech, media, fashion and other creative businesses in the world.
The list of local occupiers includes Google Campus, Amazon, Capital One, Adobe, Silicon Valley Bank, Jamie Oliver and LK Bennet.

Description

The Cube Building at 17-21 Wenlock Road is an award-winning mixed-use development, designed by Hawkins Brown Architects and developed by Regal Homes. Completed in 2015 the ten-storey building is one of the tallest hybrid timber structures in the world.

The commercial accommodation is situated on the ground and lower ground floors and comprises four self-contained units. The offices are fitted to a category A standard and include the following amenities:

Exposed comfort cooling system
Fully accessible raised floors
Modern and stylish strip lighting
Exposed concrete columns
High ceilings
Excellent natural daylight
Demised toilet and shower facilities
Bicycle storage

The commercial accommodation also benefits from an impressive reception area with concierge, which is integrated with the residential occupiers. There is also a very attractive and private canal-side garden area which provides a superb outside space.

Floor Areas

UNIT A 1,587 sq ft
UNIT B 4,231 sq ft
UNIT C 4,788 sq ft
UNIT D 464 sq ft
TOTAL 11,070 sq ft


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