Offers over
£1,800,000
(£761.10/sq. ft)
Office for sale1-3 Mundy Street, London N1
2,365 sq. ft
Added on
BELCOR
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About this property
A self-contained freehold office building just off Hoxton Square, Shoreditch N1, within the South Shoreditch Conservation Area.
2,365 sq ft NIA (2,713 sq ft gia) over ground and first floors, fully refurbished in 2022 and delivered to a Cat B fitted and furnished standard. EPC B (46).
Let in its entirety to Hyphen Archi Ltd on full repairing and insuring terms, expiring 26 October 2033, with a tenant break and rent review on 27 October 2028.
Passing rent of £155,958 pa, reflecting £65.94 per sq ft. Hyphen provides 100% of total passing rent; there is no vendor top-up.
Hyphen Archi Ltd (Co. No. 02763353) was incorporated in 1992 and carries a Delphi score of 100 out of 100, “very low risk” (SmartSearch, 29 September 2026).
Unexpired term of 7.1 years to expiry and 2.1 years to the tenant break. If the break is not exercised, the tenant receives a further 10-month rent-free period.
Implemented planning permission (2020/1850) for two additional floors, estimated to add 2,342 sq ft gia.
Description
1–3 Mundy Street presents a self-contained freehold office investment just off Hoxton Square, in the heart of Shoreditch.
Arranged over ground and first floors, the property comprises 2,365 sq ft NIA and was fully refurbished in 2022 to a fitted and furnished Cat B specification. Features include air conditioning, openable windows, a private terrace, shower facilities and cycle storage.
The building is let in its entirety to established architectural practice Hyphen Archi Ltd, generating £155,958 per annum. The full repairing and insuring lease expires in October 2033, with a tenant break and rent review in October 2028. The tenant benefits from an additional 10 months’ rent-free if the break is not exercised.
Implemented planning permission provides scope for two additional floors, delivering an estimated 2,342 sq ft gia of additional accommodation and offering future redevelopment potential alongside the existing income.
Offers are invited in excess of £1,800,000, subject to contract and exclusive of VAT.
Location
Mundy Street sits between Shoreditch’s creative core, Old Street’s technology cluster and the City’s eastern edge. Hoxton Square, a short walk away, is one of Shoreditch’s best-known office and leisure addresses, and is the local evidence base for the rental assessment.
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