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Office for sale

Folgate Court, 35 Folgate Street, London, United Kingdom E1 6BX

Sold STC £22,000,000
33,296 sq. ft.

Property Description

Commercial information

  • 33,296 sq ft (3,093 sq m)

Key features

  • 4th floor roof terrace enjoying panoramic views across the City
  • VRV air conditioning
  • Metal tile suspended ceilings with inset Cat II lighting
  • Metal tile raised floors with c.100mm void
  • Male, female and disabled WCs on each level
  • Shower facilities

Full description

The Property is located in the London Borough of Tower Hamlets and is situated within
the Elder Street Conservation Area.

Detailed planning consent was granted, subject to conditions, in October 2016 under
reference PA/16/00065 for the following:

“Refurbishment and reconfiguration of existing Use Class B1(a) Office, with rear
extension to provide additional office floorspace, new roof to refurbished courtyard
and formation of new Use Class A1 unit fronting Folgate Street and alterations to
elevations”\n\nFolgate Court provides 33,296 sq ft of office accommodation across three separate buildings, arranged around an attractive central courtyard. The Property covers a large site of 0.39 acres (0.16 hectares).

The majority of the accommodation is in the South Block, which fronts Folgate Street and provides approximately 26,805 sq ft of office and ancillary accommodation over basement, ground and four upper floors. The South Block is accessed from Folgate Street via a spacious reception area which provides pedestrian access to the courtyard and the West and North Blocks.

There is an additional vehicular access to the courtyard from Folgate Street. The West Block provides 5,470 sq ft of office accommodation on ground and two upper floors and the North Block provides approximately 1,021 sq ft over ground floor only.

The South Block benefits from two passenger lifts and the West Block from one passenger lift.\n\nThe Property is held freehold under title number EGL229449.

The approximate extent of the freehold ownership is shown outlined for indicative
purposes only.

The total site extends to an approximate area of 0.39 acres (0.16 hectares).\n\nSituated just outside the ancient walls of the City of London, Spitalfields is one of London’s
oldest markets and an area favoured by the creative, tech, fashion, music and art industries.
Together with neighbouring Shoreditch, the surrounding area is now home to some of the
largest tech and web companies in the world, with famous occupiers including Inmarsat, Cisco,
Nike, WeWork and Google (Hub). Amazon has recently announced that their new headquarters
for 5,000 employees will be situated only 150 metres to the west of Folgate Court.\n\nThe Property has been elected in respect of VAT and therefore VAT will be payable on the purchase price.

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