Prime Freehold Investment & Redevelopment Opportunity – 361-373 City Road, London EC1V
Summary
- Prime Freehold Opportunity
- Exceptional Transport Connectivity
- Highly Reversionary Asset with Strong Income
- Future Redevelopment Potential (STP)
- Outstanding Location & Amenities
- Impressive Building Features
- Attractive Capital Value
Location
61-373 City Road is prominently positioned at the northernmost extent of City Road in Islington, London EC1V, just 150 metres from Angel Underground Station (Northern Line). This prime location benefits from excellent transport links, with Old Street Station (0.8 miles) and Farringdon Station (1 mile) providing connections to National Rail, the Elizabeth Line, and multiple Underground lines.
The surrounding area is a highly desirable commercial and residential hub, offering a blend of vibrant retail, leisure, and dining options. Upper Street, Camden Passage, Chapel Market, and Angel Central Shopping Centre are all within walking distance, providing an array of shops, restaurants, and entertainment venues.
The building is also well-connected to Clerkenwell and the City of London, making it an attractive location for businesses and future residential conversion (STP). Multiple bus routes operate in the immediate vicinity, offering seamless access to the West End, King’s Cross, and Shoreditch.
Get directions from Google Maps
Mainline Stations
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Farringdon6 mins
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City Thameslink13 mins
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King's Cross15 mins
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Blackfriars16 mins
Underground Station
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Chancery Lane5 mins
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Farringdon6 mins
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Holborn10 mins
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Russell Square11 mins
Further Information
Price Offers in excess of £14,710,000
Rates Payable £21.10 per sq ft
Service Charge £9.54 per sq ft
Estate Charge £34 per sq ft
EPC Rating This property has been graded as B
Description
A substantial and highly reversionary 6-storey freehold warehouse building in the heart of Islington, offering impressive ceiling heights, far-reaching views, and significant redevelopment potential. Positioned just 150m from Angel Underground Station, this landmark asset spans 49,680 sq ft (GIA) with 11 car parking spaces and a mix of office and gym tenants generating an annual income of £759,740. With short-term office leases expiring in 2027 and a highly reversionary gym lease until 2037, the property presents outstanding asset management and residential conversion potential (STP).
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