7 Bath Place / 314 Old Street

Shoreditch, London, EC2A 3DR

4,243 sq ft

Freehold Shoreditch Courtyard Office Building for Sale with frontage to Old Street - of interest to investors and occupiers

Summary

4,243 sq. ft. GIA / 3,454 sq. ft. NIA
3 Floors Let / 1 Floor Vacant
Comprehensively refurbished in 2019
Potential for upward extension
Potential for partial change of use
2 Parking Spaces
NO VAT

Accommodation

The building comprises the following approximate gross internal areas:

Name	sq ft	sq m	Availability
Ground	832	77.30	Let
1st	1,114	103.49	Let
2nd	1,143	106.19	Available
3rd	1,154	107.21	Let
Total	4,243	394.19

7 Bath Place / 314 Old Street - 7-Bath-Place-314-Old-Street-Office-Building-For-Sale-Shoreditch-External-Red-Line1-Dominion.London.jpg

Location

Located between Rivington Street and Old Street, between the junctions with Great Eastern Street and Garden Walk, 7 Bath Place forms part of a quiet courtyard development in the heart of Shoreditch. The main estate entrance including for vehicles is from Rivington Street, with the building also having direct frontage and entrance to Old Street. The stations at Old Street, Shoreditch High Street and London Liverpool Street are within easy walking distance. The 'Shoreditch Triangle' is a busy mixed-use area occupied by many thriving creative and tech businesses and is well served by hotels, shops, amenities, transport, eateries and bars.

Get directions from Google Maps

Mainline Stations

Old Street

5 mins
Shoreditch High Street

7 mins
Hoxton

8 mins
Liverpool Street

12 mins

Underground Station

Old Street

5 mins
Shoreditch High Street

6 mins
Hoxton

8 mins
Liverpool Street

12 mins

Further Information

Price £2,000,000

Rates Payable Upon Enquiry

Estate Charge £3,745 per annum NO VAT

EPC Rating This property has been graded as D (80)

Description

Set within an attractive courtyard development built in the 1990s, this building is one of seven freeholds that surround the shared central courtyard. Positioned in the northeast corner, the property benefits from dual aspects, overlooking both the internal courtyard and Old Street. Access is available via Rivington Street as well as directly from Old Street, with a great opportunity for future retail or showroom use from the Old Street frontage.
The four office floors were comprehensively refurbished in 2019, all benefit from excellent floor-to-ceiling heights, great natural light, wooden flooring, comfort cooling/heating as well as gas central heating, and modern LED lighting throughout. Currently offering a total of approx. 3,454 sq. ft. of net lettable floor area, the Ground, First, and Third floors are currently let (please see the appended tenancy schedule) and the refurbished Second floor is currently vacant and available for rent, offering new owners space for their own occupation or re-letting. Current annual income of £91,215, with a modest ERV of £30,000 on the vacant second floor gives a realistic total income at £121,215 per annum.
We also feel that there is potential for additional floorspace at the top of the building, using the existing loft space with great ridge height and/or extension - a precedent has already been set on the estate. There may also be potential for partial change of use to residential.

Terms

Sale of the Freehold interest in the building along with a share of the estate freehold company.

Price

Offers in the region of £2,000,000 - NO VAT

Estate Charge

Estimated at £3,745 per annum for the current year - for refuse collection, maintenance and security of the shared courtyard etc. NO VAT. Currently collected from the Tenants via the internal service charge.