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Thane Studios, 2-4 Thane Villas, London, N7

  • A former warehouse building which was converted in 2016 to provide Grade A media style offices arranged over three floors under a pitched roof with a total NIA of 10,293 sq. ft (956.25 sq m) and GIA of 12,258 sq ft (1,138.81 sq m). 
  • Located in the heart of Finsbury Park, North London (Zone 2), an increasingly popular mixed commercial and residential location, and a short distance from neighbouring Islington, Highbury and Stoke Newington.
  • Excellent transport links close-by with Finsbury Park, Holloway Road and Arsenal underground stations all within close proximity.
  • Single let on a FR&I lease to award winning architects – Levitt Bernstein Associates Limited, for a term of 15 years from November 2018 subject to a tenant only break option in May 2026, thus providing 11.68 years to lease expiry and 4.18 years term certain.
  • Low passing rent of £396,730 pax equating to £38.54 psf overall.
  • This lease provides for 5-yearly upward only rent reviews with the next review in November 2023.
  • Levitt Bernstein Associates Ltd was established in 1968 and has offices in London and Manchester. The company had a turnover of £9.47million and a tangible net worth of £3.23million for the year ending 30/4/2021 – this was up on the previous year.
  • Freehold.
  • The site offers the potential for redevelopment to a higher density scheme, subject to obtaining the necessary consents. Feasibility study carried out for a mixed-use scheme arranged over ground and 3 upper floors comprising 10,710 sq ft of offices and 8 apartments above totalling 7,104 sq ft.
  • Offers invited.

Please get in touch with a member of the team to discuss in more detail.