Office for sale in The Timber Yard, 53 Drysdale Street, Hoxton, London N1

Key Points

Description

This self-contained studio/office/showroom is situated on the ground of this modern-styled development accessed directly from the landscaped gated Courtyard. The space itself boasts superb ceiling height and great natural light, with timber flooring and polished concrete ceiling. The current configuration is mostly open-plan with interconnecting meeting spaces; one large boardroom, one smaller meeting / break-out space, which can be combined to offer a superb presentation suite. There is also a kitchen area and the private toilets include a shower. There is good storage and the current quality furniture can be available by separate negotiation.
The space is also available to rent, details upon request.
Parking spaces may be available to rent in the secure underground car park from other owners withing the estate.

Location

This award winning Conran-designed development situated around a private courtyard, which offers access to the commercial and residential occupiers. The sought-after development is located on the south side of Drysdale Street, centrally located between Hoxton Street to the west and Kingsland Road to the east with Hoxton Square, Shoreditch High Street and Old Street all moments away away. This busy mixed-use area is occupied by many thriving businesses and is well-served by many eateries, shops, bars and amenities. The premises can be easily reached from Old Street, Hoxton, Shoreditch High Street and Liverpool Street Stations, giving superb accessibility from all directions. The area is also well-served by numerous bus routes and is located outside the central London congestion-charge zone.

Terms

Sale of an existing long Leasehold interest for 999 years from 1st January 2002, so having approximately 977 years remaining.
The ground rent is currently £250 per annum, the next increase will be to £500 pa in 2105. Full details on request.

Price

£1,500,000 (+VAT)

Business Rates

The Valuation Office Agency lists the 2023 Rateable Value at £47,000 with Rates Payable notionally estimated at £23,453 for the current year. Interested parties are advised to seek confirmation from the London Borough of Hackney.

Service Charge

Estimated at £8,227 per annum for the current year inclusive of buildings insurance and reserve fund contribution.