Offers over
£9,000,000
(£405.73/sq. ft)
Office for saleWhitecross Studios, 50 Banner Street, Ec1, 50 Banner Street, London EC1Y
22,182 sq. ft
Added on
Compton
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About this property
Freehold
Prominently situated with a large frontage onto Banner Street
Located within the Old Street submarket, London’s creative and tech district
Nearby occupiers include Adobe, , Jaguar Land Rover and Accenture
Situated within a four minute walk of Old Street station and just a seven minute walk from Moorgate station, providing access to the Elizabeth line (Crossrail)
Comprises 22,182 sq ft of office accommodation over ground and three upper floors
Sixteen space underground car park offering the potential to increase the NIA
51% by floor area let to The Church of England Children’s Society at a passing rent of £702,884 per annum reflecting £62.21 per square foot until 19th February 2029
The occupied accommodation and reception were fully refurbished in 2019
Opportunity to immediately refurbish the vacant floors and create communal roof terrace
Lapsed planning consent to increase the office accommodation by 5,706 sq ft
Description
Whitecross Studios comprises 22,182 sq ft of office accommodation arranged over the ground and three upper floors. The lower ground floor is a car
park accessed directly from Banner Street.
The 1980’s building is of concrete frame construction with a painted brick facade.
The reception and the ground and first floor office accommodation underwent a comprehensive refurbishment in 2019. The office floors were
delivered in cat A+.
The third floor has been stripped to shell and core ready for refurbishment. The second floor is partly stripped out.
The ground floor benefits from two private courtyards to the east and west, and the third floor has a large wraparound terrace. There is scope to create private terracing on the first floor and a large communal roof terrace.
Location
Whitecross Studios is located 400m south west of Old Street station at the heart of London’s Tech and ai district.
The building occupies a prominent position on the northern side of Banner Street.
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