Self-contained Class E building for sale in central Shoreditch location ready for refurbishment / repositioning

 

Summary

  • Stunning vaulted third floor space
  • Great natural light to all floors
  • Generous floor to ceiling heights through all floors
  • Can be occupied floor by floor
  • Forms part of quiet courtyard estate

Accommodation

The accommodation comprises the following net internal areas: (The total gross internal measurement is 5,796 sq. ft. Please refer to measured plans by Stirling Temple)

Namesq ftsq mAvailability
Ground 427 39.67 Available
1st 1,476 137.12 Available
2nd 1,473 136.85 Available
3rd 1,437 133.50 Available
Mezzanine 223 20.72 Available
Total5,036467.86
Brook House, 12 Chapel Place - 12ChapelPlaceRivingtonStreetShoreditchEC2A3QBThirdInternal1.jpg

Location

Chapel Place is an attractive private courtyard development accessed from both Rivington Street and Old Street within the vibrant 'Shoreditch Triangle'. A Security Guard is employed during the day to look after the estate. The surrounding area is mixed use featuring hotels, offices, showrooms, shops and restaurants. Old Street, Liverpool Street and Shoreditch High Street Stations are within easy walking distance.

Get directions from Google Maps

Further Information

Price Offers in the region of £3,500,000

Rates Payable £99,235.50 per annum Based on 4 assessments combined

Service Charge n/a

Estate Charge £10,764.76 per annum Inclusive of sinking fund contributions

EPC Rating This property has been graded as D (88)


Description

Brook House, 12 Chapel Place is a self-contained concrete framed purpose built office building designed in a period style and constructed in circa 1990. The building sits on the quieter Rivington Street side of the Chapel Place Estate. The offices benefit from great natural light from windows facing east over the courtyard and south over Rivington Street. The Third Floor (with Mezzanine) benefits from a stunning feature window under a high vaulted ceiling with central skylight. All floors have kitchenettes or plumbing with toilets located off the main staircase.

Terms

Sale of long leasehold interest with approximately 104 years unexpired. (125 years from 7th October 2003). Current Ground Rent payable to the Freeholder is £400 per annum.

Asking Price

In the region of £3,500,000 +VAT.

Business Rates

The building is currently assessed floor by floor. The total Rateable Value of the building is £181,750 (RVs - Ground - £16,500, 1st - £59.500, 2nd - £56,500 & 3rd with Mezz - £49,250). The Rates Payable may vary in terms of the types of occupier and reliefs available. Interested parties are asked to contact the London Borough of Hackney.

Estate Charge

The Estate Charge and Sinking Fund contribution due from the building is currently running at £13,421.76 +VAT per annum.

Buildings Insurance

The buildings contribution to buildings insurance is currently running at £5,652.56 +VAT per annum.