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