St Mark's Studios

Chillingworth Road, Islington, N7 8QJ

14,433 sq ft

Exceptional opportunity to acquire a recently refurbished and imposing Grade II listed property in London’s Northern City Fringe

Summary

14,433 sq ft NIA across multi-let office and studio space
Gross income of £466,122 p.a. from 9 occupiers
Immediate asset management potential with rents currently under £30 psf vs. local benchmarks of c.£45 psf / £475 per desk
12 residential flats sold off on long lease to Clarion Housing Association with just 57 years remaining
Excellently located within 10 minutes’ walk of 5 Zone 2 stations, including Holloway Road & Highbury & Islington
Of interest to investors, serviced office providers, and owner-occupiers
Vacant possession available

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Ground	3,336	309.92	Available
1st	3,688	342.63	Available
2nd	3,705	344.21	Available
3rd	3,705	344.21	Available
Total	14,434	1,340.97

Location

St. Mark’s Studios is situated close to the junction of Holloway Road and is well served by numerous bars, restaurants, retail shops and supermarkets.

The area benefits from strong public transport with Holloway Road (Piccadilly line) Highbury & Islington (Victoria, Northern lines and London Overground’s East and North London lines) and Holloway mainline station all located within the immediate vicinity, with a journey time of 12 minutes to Bond Street (West End) and 18 minutes to Bank (City). Holloway Road is also well served by the London bus network with numerous routes stopping close to the property.

Islington is experiencing strong growth in SMEs, with over 1,750 now registered in the borough - a 33% increase over the past 10 years. The area also benefits from a high-density residential population within a mile radius, with 65% of residents economically active, significantly surpassing the national average by 15%.

Get directions from Google Maps

Mainline Stations

Drayton Park

6 mins
Highbury and Islington

9 mins
Caledonian Road and Barnsbury

11 mins
Canonbury

16 mins

Underground Station

Holloway Road

3 mins
Drayton Park

6 mins
Caledonian Road

7 mins
Highbury and Islington

8 mins

Further Information

Price Offers in excess of £4,500,000

EPC Rating This property has been graded as D

Description

A recently refurbished, Grade II listed freehold with strong reversionary potential, currently operating as a serviced office and offering a wide range of future strategies from asset management to full-scale repositioning.

Offers are sought for the Freehold interest in excess of £4,500,000, reflecting a very low capital value of £312 per sq ft.