Offers over
£11,000,000
(£544.15/sq. ft)
Office for saleTagwright House, 35-41 Westland Place, Old Street N1
20,215 sq. ft
EPC Rating: B
About this property
Freehold
Prominent corner building situated less than 500 metres north of Old Street Station
Located at the heart of the City Fringe, one of London's most vibrant areas
Comprises 20,215 sq ft of office and residential accommodation arranged over lower ground, ground and four upper floors
The property has an expired planning permission from 2017 to convert the 1st floor to four residential units and to add a new 5th floor comprising two residential units
The residential accommodation comprises 14 apartments
The apartments are fully let and currently producing a Gross Rent of £545,520 per annum
Office accommodation let to The Boutique Workplace Company on two co-terminus leases expiring in January 2027
Overall passing rent on the offices of £395,600 per annum reflecting a low rent of £46.23 per sq ft
Total passing rent overall of £941,120 per annum
Offers invited in excess of £11,000,000 which reflects a capital value of £544 per sq ft
Tagwright House is a purpose-built mixed-use building completed in 2008. It comprises 20,215 sq ft of warehouse-style residential and office accommodation across lower ground, ground and four upper floors.
The commercial accommodation is arranged over the lower ground, ground and 1st floor, extending to 8,557 sq ft. Floorplates range from 2,603 sq ft to 3,123 sq ft and benefit from an efficient footprint and excellent natural light from dual frontages on to both Westland Place and Nile Street.
The residential element is arranged over the first to fourth floors and accessed via a dedicated entrance on Nile Street, with lift access to all residential floors. The 14 apartments total 11,658 sq ft and comprise a mix of two, three and four-bedroom units, with two fourth-floor apartments benefiting from private roof terraces. The ground floor also provides bike storage for communal use by both office and residential tenants.
Location
A globally recognised technology cluster, combining prime office occupancy with one of London’s strongest residential rental markets.
Situated less than 500 metres north of the recently refurbished Old Street station, which provides direct access to the Northern line and National Rail services.
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£55,027 per month
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