Offers over
£10,000,000
(£371.32/sq. ft)
Office for sale12-18 Hoxton Street, Hoxton N1
26,931 sq. ft
Added on
Compton
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About this property
Highly Prominent corner Freehold building
Prime Hoxton location within walking distance of Old Street Station
Hoxton is one of London’s most fashionable office sub markets
Currently comprising 26,931 sq ft (gia) (2,502 sq m) of office accommodation over basement, ground, first to third floors
Opportunity to create an earlier block date
Feasibility study carried out by White-Red Architects outlining potential to carry out a complete redevelopment of the existing building and increase the floor area to 51,470 sq ft (gia) (4,780 sq m) through additional massing
Suitable for a range of alternative uses to include hotel, aparthotel or co-living, subject to the necessary consents
Offers in excess of £10,000,000, subject to contract for the freehold interest. A purchase at this level reflects a highly attractive capital value of £371 per sq ft on the existing Gross Internal Area
Description
Hoxton Studios comprises a Victorian warehouse building dating from the 1890s, providing a Gross Internal Area (gia) of 26,931 sq ft (2,502 sq m) of office accommodation arranged over basement, ground, and three upper floors.
The building offers typical upper floorplates of approximately 5,900 sq ft (gia), each currently configured as a series of studio units.
All floors are centred around a central atrium, providing excellent levels of natural light throughout the existing office accommodation.
Location
Shoreditch / Hoxton has fast become one of London’s most diverse and fashionable commercial districts. Known for its iconic mixture of original
Victorian warehouses, modern developments and unique leisure and amenity offerings, Shoreditch has attracted a wide range of occupiers which provide a unique blend of exciting start-ups and global blue-chip companies. These include Monzo, Adobe, Farfetch, and Jaguar Land Rover.
The Opportunity
Hoxton Studios presents a compelling opportunity for substantial value enhancement through refurbishment, redevelopment, or conversion to
alternative uses, subject to the necessary consents.
White-Red Architects have developed three design-led schemes, ranging from a light-touch refurbishment to a full redevelopment, with the potential to increase the Gross Internal Area to as much as 51,470 sq ft.
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