28 Cowper Street, Old Street London EC2A 4AS

1846 sq. ft. Under Offer

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Location

28 Cowper Street is located 100 metres from the new Old Street Underground Station entrance. Cowper Street runs adjacent to Old Street and links Old Street Station with Tabernacle Street. The Old Street district (silicon roundabout) has become internationally recognised as the centre for creative, tech and media start-ups alongside global giants. Professional and charity occupiers are also based locally. Local amenities are excellent with a huge variety of hotels, bars, restaurants and coffee houses immediately available. Old Street Station is currently undergoing major refurbishment works which are due to complete in Autumn 2022. As part of these works is the new subway entrance is located on Cowper Street and is already in use today.

Description

28 Cowper Street is a charming, converted warehouse building ideal for owner occupiers and investors alike.

The property is of brick construction under a flat roof with timber floors and large timber framed windows to the front and rear, providing good natural daylight to the open plan office space.

The accommodation is arranged over four floors and provides two self-contained duplex spaces.

Highlights & Amenities

• Freehold interest
• Prime Shoreditch location
• Suitable for owner occupiers or investors
• Scope to extend, subject to planning
• 2 x self-contained duplex spaces
• Fitted kitchenettes
• Central heating
• Juliet balconies
• Original wooden floors
• Suspended LED lighting

Tenancies

The second and first floor duplex is currently vacant.

The ground and lower ground duplex is let to Reggiani Limited at a rent of £41,000 pax.

Full vacant possession can be achieved on 10.03.2024, upon expiry of the lease which is held outside the security of tenure and compensation provisions of The Landlord and Tenant Act 1954.

Tenure

The freehold interest in title number NGL535162 is offered for sale. Title deed and plan available on request.

Planning

Use Class E.

The property is not listed but is located within the Bunhill Fields & Finsbury Square Conservation Area.

Price

Offers in excess of £1,650,000.

A purchase at this level would reflect a capital value of £894 per sq. ft.

Business Rates

The second and first floors have a rateable value of £26,000, making rates payable £12,974.

The ground & lower ground floors have a rateable value of £11,500, making rates payable £5,738.50.

Interested parties are expected to satisfy themselves as to the accuracy of these figures.

Service Charge

The current freeholders managing agent is running a service charge which is currently passing at £7,050 per annum plus VAT.

VAT

The building is elected for VAT.

Approximate floor area

Floor Sq. Ft. Sq. M.
2nd 445 41.34
1st 377 35.02
Ground 537 49.89
lGround 487 45.24
Total 1846 171.5

Property Misdescriptions act 1991 / Misdescriptions Act 1967. Anton Page LLP for themselves and for the vendors of this property whose agents they are, give notice that: These particulars do not form any part of any offer or contract: the statements contained therein are issued without responsibility on part of the firm or their clients and therefore are not to be relied upon as statements or representations of fact, any intending purchaser must satisfy himself as to the correctness of each statement made herein: and the vendor does not make or give, and neither the firm nor any of their employees have the authority to make or give, any representation or warranty whatever in relation to this property. All prices exclude VAT.