1-3 Wenlock Road, London, N1 7GH

Description
1-3 Wenlock Road provides a unique opportunity to acquire a recently refurbished ground floor office suite with full vacant possession in one of London’s fastest growing and diverse submarkets.

1-3 Wenlock Road forms part of the wider Decorum Apartment Development that was completed in 2016. The building comprises a ground floor office with ancillary basement storage, totalling to 8,390 sq ft, within a larger six storey mixed use development.

The building has recently benefited from a full refurbishment completed in November 2024 and comprises two open plan office units which are on ground floor level. The units are located on either side of the central core of the wider development, with access from the front of the property as well as through the gardens to the rear of the property.

Location
Located within the Old Street Roundabout technology cluster, home to major global occupiers including Amazon, Adobe and Google.

Wenlock Road is located just 600m from Old Street Station, offering underground and national rail services. A number of other transport hubs are within walking distance offering further underground, Elizabeth Line and overground services, connecting Wenlock Works to Central London, Greater London and beyond.

Terms
Offers are invited at £5,200,000 for the Virtual Freehold interest, subject to contract and exclusive of VAT. An asset purchase at this level reflect an attractive capital value of £620 per sq. ft.

Tenure
The Property is held on a 999-year virtual freehold expiring on 17th July 3015, which provides 990-year unexpired.

The current ground rent is £250 per annum.

Tenancy
There is a lease in place, but this will be dissolved and the building will be offered with full vacant possession.