Well appointed self contained upper Ground Floor Class E premises in converted warehouse building off City Road
Summary
- Bright airy space with large windows and generous ceiling heights
- Long leasehold with circa 971 years remaining and low ground rent
- Exposed brickwork with real Parquet flooring (in part)
- Central heating with comfort cooling (in part)
- Access to shared courtyard amenity space
- 1 x basement car parking space included
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground | 4,155 | 386.01 | Available |
| Total | 4,155 | 386.01 |
Location
The property is located on the corner of Underwood Row and Underwood Street in a quiet pocket of Shoreditch with a picturesque streetscape of converted warehouse buildings. The property is approx. 0.2 miles / 6 minutes’ walk north of Old Street roundabout, and is well served by an abundance of cafés, bars and restaurants. Ideally located, providing quick and easy access to Shoreditch, Islington, King’s Cross and East London.
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Mainline Stations
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Old Street6 mins
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Hoxton13 mins
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Moorgate15 mins
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Essex Road15 mins
Underground Station
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Old Street6 mins
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Angel13 mins
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Hoxton13 mins
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Barbican14 mins
Further Information
Price £1,900,000 (+VAT)
Rates Payable £59,940 per annum
Service Charge £12,202 per annum
EPC Rating This property has been graded as D (96)
Description
The warehouse building was converted in the 1990’s to provide commercial spaces at ground floor and residential accommodation on the upper floors. The self-contained office has generous floor to ceiling heights with large windows to the front and rear, exposed brickwork and parquet flooring in part.
Terms
Sale of the existing Long Leasehold interest for a term of 999 years from 29th September 1997 (so having approximately 971 years unexpired) subject to a Ground Rent - currently £300 per annum
Price
£1,900,000 (+VAT)
Business Rates
The Valuation Office Agency lists the 2023 Rateable Value at £108,000. We are verbally informed by the London Borough of Hackney that the Rates Payable 1st April 2025 to 31st March 2026 are estimated at £61,128. Interested parties are advised to seek their own confirmation.
Service Charge
Estimated at £12,202 (+VAT) for the current year.
Measured survey and floor plans
The premises measure 4,155 sq. ft. Gross Internal and 3,763 sq. ft. Net Internal. Measured survey and digital floor plan available upon request.
EPC
The property has an EPC rating of D - 96
Gallery
