A recently refurbished, Grade II listed freehold with strong reversionary potential, currently operating as a serviced office and offering a wide range of future strategies from asset management to full-scale repositioning. Offers are sought for the Freehold interest in excess of £4,500,000, reflecting a very low capital value of £312 per sq ft.
- Ref: 301044
- Size: 14,433 sq ft
- Freehold: £4,500,000
- EPC: D
Key Features
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14,433 sq ft NIA across multi-let office and studio space
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Gross income of £466,122 p.a. from 9 occupiers
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Immediate asset management potential with rents currently under £30 psf vs. local benchmarks of c.£45 psf / £475 per desk
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12 residential flats sold off on long lease to Clarion Housing Association with just 57 years remaining
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Excellently located within 10 minutes’ walk of 5 Zone 2 stations, including Holloway Road & Highbury & Islington
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Of interest to investors, serviced office providers, and owner-occupiers
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Vacant possession available
Location
St Mark's Studios, Chillingworth Road, Islington, N7 8QJ
St. Mark’s Studios is situated close to the junction of Holloway Road and is well served by numerous bars, restaurants, retail shops and supermarkets.
Additional Info
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