5-8 & 9-17 St Albans Place, Islington London N1 0NX

11450 sq. ft. Available

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Location

St Albans Place is situated to the west of Upper Street which is a main retail and commercial thoroughfare through Islington. The immediate vicinity is a vibrant area containing a mixed use of residential, commercial and retail occupiers. The entrance to St Albans Place is located opposite Islington Green, it is a single carriage way road that loops around the property in an anti-clockwise direction. The site is located some 500m from the junction of Upper Street, City Road and Angel tube station and bus interchange, providing excellent connectivity across Central London.

Description

5-8 St Albans Place:

Known as De Grussa House, the property was redeveloped in 2016 to provide 9 high quality residential apartments and ground floor commercial space.

The apartments have all been sold on 125 year long leasehold interests.

The ground floor commercial space is offered in shell condition and connects with the adjoining office space in 9-17 St Albans Place.


9-17 St Albans Place:

Known as Climpson House, the property development was completed in 2022 to provide 5 high quality residential apartments and commercial office space over ground, first and second floors.

The commercial space is offered in shell condition and requires a full refurbishment programme.

Some external works including glazing in part are also required to be undertaken.

Planning Permission – London Borough of Islington p2015/2199/FUL


Commercial Office Accommodation:

The space is designed with the main entrance area situated at 5-8 St Albans Place.

The scheme provides DDA accessibility, WC & shower facilities on each floor and sole access to an outside terrace on the second floor.

A Feasibility Report in relation to the Development Completion Works undertaken by Route One Building Consultancy is available for inspection.

Asset Management Opportunities

- Provides short and medium term asset management opportunities.
- Undertake a comprehensive fit out programme of the commercial space.
- Suitable for a serviced office provider or tenant occupation.
- Opportunity to create a high income producing asset.
- Opportunity to utilise the commercial space to other uses, subject to planning. For example, leisure, educational or part retail.
- Estimated rental value in excess of £50 per sq. ft.

Tenure

Freehold

Title numbers:

NGL656606
LN80515
LN380040

VAT

The property has been elected for VAT.

Price

£5,500,000 plus VAT

Subject to contract

Approximate floor area

Floor Sq. Ft. Sq. M.
2nd 3134 291.16
1st 3545 329.34
Ground 4771 443.24
Total 11450 1063.73

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.