2 July 2025: Wednesday 02 July 2025 - 9:00am
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Floorplan
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    Key features

    • This property has been moved to the 22nd July auction due to no legal pack
    • 3 x Modern offices an approx. 11,883 sq ft
    • Unit 1 currently let at £204,250 p.a.
    • Unit 2 & 4 vacant offering asset management potential in it current use
    • Further development/change of use potential (subject to the requisite consents)
    • Low capital value of £82.47 per a sq ft
    • Virtual tours available - links in description
    • Please click here for the legal pack
    • Investment let at £204,250p.a. (20.84% GIY on guide and part vacant)

    Description

    Click here for virtual tour of unit 1

    Click here for virtual tour of unit 2

    Click here for virtual tour of unit 4

    Please click here for the legal pack

    The property comprises of 3 x commercial spaces amounting to an approx. 11,883 sq ft in total. The majority of the space is over ground floor with some internal mezzanine space in Unit 4.

    Unit 4 is accessed via East Road and has road frontage, while units 1 & 2 are located at the rear of the property which can be accessed via a gated entrance.

    The property is in good decorative order and offers instant asset management potential to let out in its current format or alternative use/development potential (subject to the requisite consents).

    Additional information

    Tenure

    Leasehold

    Block A, 999 years from 31 January 2014

    Block B, 999years from 14 June 2012

    A lease – Ground rent a peppercorn. Block B lease – Ground rent a peppercorn.

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Please also refer to the floor plans in the photos

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Rent

    £204,250 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must reply upon their own enquiries prior to bidding. Please refer to the legal pack.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property is located on the East side of East Road between the junctions of Beveden Street and New N Road.

      Old Street station is located an approx. 0.3 miles from the property

      Transport

      Old Street Station - Underground services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums