Freehold office building for sale - Moments from Tottenham Court Road station - Excellent ceiling height - Potential Development Opportunity

 

Summary

  • Class-E Office/Studios Building
  • Suitable For A Variety Of Uses
  • Two Entrances
  • Excellent Natural Light
  • 200 Meters From Tottenham Court Road's New Elizabeth Line Entrance
  • Air Cooling Units
  • Fitted Out With Meeting Rooms
  • Excellent Ceiling Heights On Upper Floors
  • Future Development Potential / Change Of Use (STPP)
  • Option To Purchase As A Clean SPV For Significant SDLT Savings
  • Fibre

Accommodation

The accommodation comprises the following areas:

NameBuilding Typesq ftsq m
2nd Office 1,129 104.89
1st Office 1,129 104.89
Ground Office 1,288 119.66
Lower Ground Office 1,276 118.54
Total4,822447.98
28-30 Hanway Street - office 9.jpg

Further Information

Price Offers in excess of £4,000,000

Rates Payable £72,072 per annum

Service Charge n/a

EPC Rating This property has been graded as C


Description

28-30 Hanway Street is nestled in a prime location just off Oxford Street and Tottenham Court Road. This workspace building boasts abundant natural light streaming in from large windows positioned both at the front and rear of the building, illuminating the high-ceilinged space.

Equipped with private offices and meeting rooms, this space offers a perfect blend of privacy and collaborative opportunities, while still enjoying access to shared amenities. With the new Elizabeth line just a stone's throw away, the property offers excellent transport connectivity.

The building presents an exceptional opportunity for development and value enhancement to meet the standard of the neighboring properties. There is potential to add two additional floors, additional massing and reconfiguration, making the project highly viable for optimising its potential.

Viewings

Viewings are to be arranged strictly via appointment with LDG or Relm4. Agency Contact details can be found at the back of this brochure.

Price

Offer In Excess of £4,000,000

The property is securely held within a clean Special Purpose Vehicle (SPV). Documentation and details confirming the status of the SPV can be provided upon request. Consideration will be given to treating any potential sale as a Transfer of a Going Concern (TOGC). This type of purchase option would yield significant benefits, with an estimated Stamp Duty Land Tax Saving of approximately £200,000.

Contact

LDG (0207 580 1010) or our joint agents Relm4 for viewings.

Possession

Full vacant possession will be available from March 2025.

VAT

The building is elected for VAT.

Legal Costs

Each party is responsible for their own legal costs.

Tenure

Freehold

Commute

Tottenham Court Road. 1 min
Goodge Street. 5 mins
Holborn. 13 mins
Russell Square. 14 mins
Charing Cross. 16 mins

Size

NIA - 4,012 SQ.FT.
GIA - 4,822 SQ.FT.

Photography

Our marketing includes a CGI rendering of what the building could look like post refurbishment / development. This is for indicative purposes only.