Prominent self contained upper Ground Floor Class E premises in converted warehouse building off City Road
Summary
- Prominent corner entrance
- Bright airy space with large windows and generous ceiling heights
- Share of Freehold of the successful The Factory block
- Long leasehold with circa 971 years remaining and low ground rent
- Exposed brickwork with real Parquet flooring (in part)
- 1 x basement car parking space included
Accommodation
| Name | sq ft | sq m | Availability |
| Ground | 4,155 | 386.01 | Available |
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.
Get directions from Google Maps
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 £60,480 per annum based on 2026 valuation
Service Charge £12,689.28 per annum Inclusive of contribution to Buildings Insurance
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. The successful freehold of the block known as The Factory is now owned in shares by the residential and commercial long leaseholders.
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. Also comes with a share of the Freehold.
Price
£1,900,000 (+VAT)
Business Rates
The Valuation Office Agency lists the 2026 Rateable Value at £126,000 with Notional Rates Payable for the period 1st April 2026 to 31st March 2027 estimated at £60,480. Interested parties are advised to seek their own confirmation from London Borough of Hackney.
Service Charge
Estimated at £12,689.28 (+VAT) for the current year inclusive of contribution to buildings insurance and reserve fund.
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
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