LOADING PROPERTY DETAILS

Investment For Sale

19 Waterside, 44-48 Wharf Road, N1 £1,850,000
1,994 SQ. FT.

A unique opportunity to purchase a highly desirable, income producing office investment that is leased to Panasonic UK on a new 5 year lease, commencing in March 2018.

Location

Wharf Road is located between two of central London's trendiest places; Angel to the north and Old Street to the south. Both within a 10 minute walk in either direction.

On one side of Wharf Road is Wenlock Basin, which leads into Regents Canal, and on the other side City Road, which has been become a major residential destination with four of the world's top architects, including Lord Foster and Sir Terry Farrell, designing towers there since 2013.

Transport Overview

Situated midway between Angel (Northern Line ) and Old Street (Northern Line and mainline services). Both are an approximate 10 minutes walk

Wharf Road is conveniently located for train access both north and south London. Similarly, City Road has numerous buses running along it, providing road transport to many points in central London.

Local Rail Connectivity
Angel 0.4m, Old Street 0.6m, Essex Road 0.6m

VR Walk Through

Accommodation

FLOOR SQ. FT. SQ. M.
Mezzanine 585 54
2nd 1,409 131
TOTAL 1,994 185

Features

  • Income producing investment in attractive warehouse style building
  • New 5 year lease from March 2018 to Panasonic UK
  • Rent of £55 per sq. ft.
  • Close to "Silicon Roundabout"
  • Double height space to main area
  • Attractive bare timber finish to underside of roof.
  • Exposed iron support columns and roof trusses
  • Desirable Crittal framed windows overlooking Wenlock Basin
  • Double timber framed loading doors overlooking a cobbled courtyard
  • Good natural light
  • Ideal for an investor or an owner occupier with time on his hands

Property Information

Price

£1,850,00

Lease Summary

5 years from 19 March 2018

Break Clause

A tenant break clause on 19 March 2021 on 12 months prior written notice

Rent Per Sq. Ft.

£55 per sq. ft.

Rent PA

£109,670 PA

NET Initial Yield

5.6%

VAT

This property is not elected for VAT

Legal Costs

Each party to pay their own legal costs

Energy Performance Rating

Available on request

Our Reference

DS/24135

Notice Under Property Misdescriptions Act 1991

Notice Under Property Misdescriptions Act 1991

Fresson & Tee Ltd give notice that:
The information contained in these particulars is intended as a general outline only for the guidance of an intended purchaser and neither Fresson & Tee Ltd, or the vendor/lessor, on whose behalf these particulars are provided accept any responsibility for any inaccuracies the particulars may contain. An intending purchaser should not rely upon them as statements or representations of fact, but should satisfy themselves by inspection or otherwise to their accuracy. All floor areas and measurements are approximate. These particulars do not form a part of any offer or contract. Prices and rents are quoted on a subject to contract basis. Neither Fresson & Tee Ltd nor any of their employees have any authority, either orally or in writing, to make or give any representation or warranty in relation to the properties. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Fresson & Tee Ltd have not tested any of the services and we recommend that a purchaser or tenant satisfies themselves as to their condition and suitability prior to entering into a legally binding contract.