328 City Road, 7-8 Wakley Street

London, EC1V 7LT

22,364 sq ft
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CONSENTED ISLINGTON RESIDENTIAL CONVERSION OPPORTUNITY

 

Summary

  • Consented Freehold residential development/ conversion opportunity.
  • Located within London’s established ‘tech belt’, approximately 0.2 miles from Angel Underground Station and 0.7 miles from Old Street Station.
  • Existing accommodation extends to approximately 22,364 sq ft (GIA) / 18,281 sq ft (NIA) across three buildings, spanning: lower ground, ground and five upper floors
  • To be sold with vacant possession.
  • The asset benefits from four planning consents, which allow the conversion of the entire asset into 24 residential units and a ground floor self-contained E-Class commercial unit
  • The consented scheme provides a total of 20,691 sq ft / 1,922.2 sq m (NSA)

Accommodation

The accommodation comprises the following areas:

Namesq ftsq m
Ground 1,028 95.50
1st - 7-8 Wakley Street 1,687 156.73
2nd - 7-8 Wakley Street 1,683 156.36
Ground - City Road 33 3.07
Upper Ground - City Road 533 49.52
1st - City Road 635 58.99
2nd - City Road 661 61.41
3rd - City Road 672 62.43
4th - City Road 682 63.36
5th - City Road 698 64.85
Lower Ground - Courtyard 531 49.33
Ground - Courtyard 11,449 1,063.65
1st - Courtyard 2,107 195.75
Total22,3992,080.95
328 City Road, 7-8 Wakley Street - External (CGI) .jpg

Location

328 City Road & 7–8 Wakley Street is strategically positioned within EC1, one of Central London’s most dynamic and well-connected submarkets, in
the heart of the ‘tech belt’ spanning King’s Cross, Clerkenwell, Farringdon and Old Street.

The property occupies an island block bounded by City Road, Goswell Road, Wakley Street and Hall Street. The immediate area offers a vibrant mix of retail, dining, cultural and lifestyle amenities including Sadler’s Wells Theatre, O2 Academy Islington, Almeida Theatre, Screen on the Green, Exmouth
Market Islington High Street and Angel Central.

Get directions from Google Maps

Mainline Stations

  • Old Street
    13 mins
  • Farringdon
    14 mins
  • Essex Road
    15 mins
  • King's Cross
    17 mins

Underground Station

  • Angel
    5 mins
  • Old Street
    13 mins
  • Farringdon
    14 mins
  • Barbican
    14 mins

Further Information

Rates Payable Upon Enquiry


Description

The site comprises three interconnected buildings of varying scale:
• 7-8 Wakley Street arranged over ground to second floors
• 328 City Road arranged over ground to fifth floors
• Central courtyard building arranged over lower ground to first floors

The existing net internal area extends to approximately 18,281 sq ft (NIA).

Downloads

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Gallery

328 City Road, 7-8 Wakley Street, London, Residential For Sale - Drone Shot (CGI).jpg
328 City Road, 7-8 Wakley Street, London, Residential For Sale - External (CGI) .jpg
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