Office unit for sale in Hoxton

This property is marketed by:
Strettons

Property Features

• The property is located in a core London warehouse, last mile logistics and trade counter location being roughly equidistant between the M25 circa 6 miles to the north and only 5.5 miles to the Square Mile of the City of London to the south
• Prominently situated to the A10 and the A406 (North Circular), 300m away from Tottenham Hale station (Victoria Line & National Rail Overground Services)
• The property sits within the highly sought-after Tottenham catchment which forms a key territory for both industrial manufacturers and last mile distribution groups
• Purpose-built warehouse unit comprising a total of 6,210 ft2 (576.8 m2 ) situated on a site area of 0.1907 acre site part of the Lockwood Industrial Park
• Let to the Millmead Sausage Company Limited on FRI lease terms for 10 years commencing 9th June 2018 (6.2 years unexpired) rent passing off £86,500 per annum (£13.92 psf)
• The rent review upcoming on 9th June 2023 is to open market value (OMV) and is considered highly reversionary
• Strettons view on Estimated Rental Value (ERV) is £20 psf
• The subject property is critical to the occupational tenant as is their sole facility. The tenant has invested into the property to add significant commercial chillers in order to obtain 6x BRCGS accreditations
• Established local covenant (Parent company structure has £4.2m of Assets) who has been in continuous occupation since 2008
• Freehold

Property Description

The unit is situated on the 2nd floor of an imposing and architecturally attractive Grade II listed building facing onto Hoxton Square. The second floor unit is accessed via a passenger lift and benefits from original wood flooring with good levels of natural light. The mezzanine also provides additional usable workspace. There are communal kitchen, WC and meeting room facilities onsite.

Hoxton Square is arguably one of the most desirable office locations within the whole of the City Fringe Market and it is home to a number of vibrant bars and restaurants. The property is situated at the north west corner of Hoxton Square in the heart of Shoreditch. The property is well served by public transport, with the nearest stations Old Street (Northern Line and Mainline) and Hoxton (Overground), which are both circa 5 minutes walk away. Old Street, Shoreditch High Street, and Curtain Road are all in close proximity to the property.