Vacant Freehold Office Redevelopment Opportunity For Sale
Suitable for Owner Occupation & Office to Residential Repositioning (STPP)
Summary
- An attractive period property, arranged over lower ground,ground and three upper floors.
- Strategically placed within London’s growing Tech Hub(Zone 1).
- Office refurbishment opportunity, offered with fullvacant possession.
- The property benefits from windows at the front andback as well as a third floor terrace and balcony.
- 7,261 sqft / 674.6 sqm NIA. and a further 453 sqft / 42.1 sqm of outdoor space.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Lower Ground | 686 | 63.73 | Available |
| Ground | 1,632 | 151.62 | Available |
| 1st | 1,776 | 165 | Available |
| 2nd | 1,877 | 174.38 | Available |
| 3rd | 1,291 | 119.94 | Available |
| 3rd - Balcony | 161 | 14.96 | Available |
| 3rd - Rear Terrace | 292 | 27.13 | Available |
| Total | 7,715 | 716.76 |
Location
Angel is renowned for its eclectic mix of shops, cafes, restaurants, and cultural venues. 11-13 Wakley Street is within walking distance of Islington Green, Upper Street, Regent’s Canal and historic local landmarks such as Chapel Market and Sadler’s Wells Theatre.
The area continues to benefit from significant inward investment and numerous new developments to improve local infrastructure, these include: Islington Square, The Kings Cross Regeneration Scheme, Angel Central Refurbishment as well as various luxury mixeduse residential buildings such as Canaletto, The Arc Building and The Atlas Building.
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Mainline Stations
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Old Street13 mins
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Farringdon14 mins
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Essex Road15 mins
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King's Cross17 mins
Underground Station
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Angel5 mins
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Old Street13 mins
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Farringdon14 mins
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Barbican14 mins
Further Information
Price Offers in excess of £4,100,000 We are instructed to seek offers in excess of £4,100,000 (Four Million One Hundred Thousand Pounds), subject to contract, for the benefit of the Freehold Interest. A purchase at this level would reflect a capital value of c.£565 per sqft.
Rates Payable Upon Enquiry
Description
The subject properties comprise an attractive period building arranged over lower ground, ground, first, second and third floors. The property is configured as an office and is offered with full vacant possession.
The property further benefits from a third floor balcony/ terrace with windows at the front and back of building.
The property benefits from EUse Class and is well suited for owner occupation. There is also strong potential (STPP) for conversion of the property into residential and a number of other alternative uses.
11-13 Wakley Street falls outside of the designated Article 4 Zone.
Tenure
The asset is held Freehold, under Title Number: NGL496793 (Mention LLH). An element of the basement is sold off on a Long-Leasehold for 99 years
(c.56 years unexpired), under Title Number: NGL390258.
Connectivity
11-13 Wakley Street is strategically located in one of London’s most vibrant and dynamic areas. The property boasts exceptional connectivity to key destinations including the City, West End, and Tech City in Shoreditch.
Just a 5-minute walk from the property, Angel Station provides direct access to King’s Cross St. Pancras, Euston, and Bank.
Numerous bus routes service the area, including routes 19, 38, 43, 56, 73, and 205. These routes offer extensive coverage across London, connecting to destinations such as the West End, City of London, and beyond.
The adjacent City Road (A501) connects directly to the Inner Ring Road, offering convenient access to major motorways including the M1, M11, and M25.
London City, Heathrow and Gatwick Airports are all within an hour respectively of the property via public transport.
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