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Hiltongrove N1 Business Centre, 14 Southgate Road, London, N1 3LY

£5,500,000

£384.94 per sq. ft.

Business rates & charges may apply

Anton Page LLP, Commercial
SIZE AVAILABLE
14,288 sq. ft.
(1,327 sq. m.)
SECTOR
Office for sale

Key features

  • 999 year long leasehold interest for sale.
  • Located in the fashionable area of De Beauvoir, just north of Shoreditch Park and The Regents Canal.
  • Close to Tech City at Old Street and the Technology, Media & Telecom (TMT) sector in the surrounding area.
  • Mixed use building constructed in 2006. Purpose built office accommodation on the ground & first floors comprising 16 individual suites and a retail unit with main road frontage.
  • Comprises 14,288 sq. ft. / 1,327 sq. m. net internal floor area. In addition there are generous communal areas.
  • Currently operated as a Business Centre. Let to multiple tenants producing £ 353,432 p.a. Average rent £ 24.74 per sq. ft.
  • Varying short lease terms and break options.
  • Opportunity to refurbish the common areas and office units to achieve higher rental levels.
  • Alternatively individual suites can be sold off to owner occupiers.
  • Guide price £5,500,000 plus VAT, subject to contract.

Property description

Tenure: Leasehold

Description
The business centre comprises 17 units ranging from 590 sq. ft. to 1,365 sq. ft., providing a total of circa 14,288 sq. ft. over two floors.

15 of the units are accessed via the office reception area, and offered as individual spaces, but could be combined to provide additional flexibility.

The remaining 2 units have their own direct access from the street.

There are generous common parts which are currently utilised as break out and amenity space. These were originally designed by Morris + Company Architects and include polished resin floors, backlit wall linings, modular light fittings and oversized entrance doors.

There is male, female and disabled WC accommodation in the common parts.

The office accommodation is fitted and provides the following amenities:

Wooden flooring
Electric heating
Perimeter trunking with power and data cabling
Lighting
Kitchenettes
Good natural daylight

There are 6 car parking spaces available.

Location
14 Southgate Road is nestled between Islington, De Beauvoir Town conservation area and Hoxton. It offers the best of all worlds combining a location next to the business heart of the capital, a peaceful working environment created by the adjacent parks and canal, and the buzz of the trendy bars and restaurants of nearby Islington, Old Street and Shoreditch.

14 Southgate Road is well connected to London’s transport system with buses to The City, Waterloo and London Bridge. Essex Road Station and Haggerston Station are 500 metres away each.

Transport
Haggerston (Overground)
Hoxton (Overground)
Essex Road (National Rail)
Old Street (Northern & National Rail)
Buses 21, 76, 141, 271
Santander Cycles

Accommodation
Unit 4 - Ground - 829 sq. ft. - 77 sq. m.
Unit 5 - Ground - 807 sq. ft. - 75 sq. m.
Unit 6 - Ground - 793 sq. ft. - 73.7 sq. m.
Unit 7 - Ground - 799 sq. ft. - 74.2 sq. m.
Unit 9 - First 1,240 sq. ft. - 115.2 sq. m.
Unit 10 - First - 1,326 sq. ft. - 123.2 sq. m.
Unit 11 - First - 797 sq. ft. - 74 sq. m.
Unit 12 - First - 635 sq. ft. - 59 sq. m.
Unit 13 - First - 635 sq. ft. - 59 sq. m.
Unit 14 - First - 624 sq. ft. - 57.9 sq. m.
Unit 15 - First - 990 sq. ft. - 91.9 sq. m.
Unit 16 - First - 883 sq. ft. - 82 sq. m.
Unit 17 - First - 595 sq. ft. - 55.3 sq. m.
Unit 18 - First - 646 sq. ft. - 60 sq. m.
Unit 19 - First - 1,365 sq. ft. - 126.8 sq. m.
12 Southgate Rd - Ground - 592 sq. ft. - 55 sq. m.
6 Balmes Rd - Ground sq. ft. - 732 sq. ft. - 68 sq. m.
Car parking x 6 - Ground
Total - 14,288 sq. ft. - 1,327 sq. m.

Asset Management Opportunities
• Provides short and medium term asset management opportunities
• Refurbishment and upgrade of the entrance and common parts. There are generous common areas which can be utilised as break out, meeting and amenity space to all the occupiers.
• Refurbishment of the individual suites as they become vacant.
• Opportunity to significantly improve on the rental value once the space is refurbished.
• Opportunity to sell the individual units to owner occupiers. There is proven demand in this location from owner occupiers, particularly in the sub £1 million market.
• Opportunity to convert the commercial spaces to residential apartments, subject to a change of use to C3 residential.

Tenure
The property is held on a 999 year lease from 29th September 2002 under title number EGL45606.

The annual ground rent is £12,000.

VAT
The property has been elected for VAT.

EPC
EPCs are available upon request.

Price
£5,500,000 plus VAT

Subject to contract

Brochures

Hiltongrove N1 Business Centre, 14 Southgate Road, London, N1 3LY

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haggerston Station0.4 miles
  • Essex Road Station0.5 miles
  • Hoxton Station0.6 miles

About Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

Anton Page deal in property in an area stretching from Covent Garden in the west to Brick Lane in the east of London. The areas we cover include Holborn, Clerkenwell, Farringdon and Shoreditch

More properties from Anton Page LLP, Commercial

Notes

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Disclaimer - Property reference 84981-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Anton Page LLP, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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