Class F1 & Class E Office Use Building For Sale in Haggerston, London

This property is marketed by:
Strettons

Key features

• Accommodation over ground to sixth floors with excellent branding opportunities onto Kingsland Road and 6 car parking spaces
• Fully let to SAE Education Limited at £447,725 per annum, equal to £25.00 per sq ft
• Net Internal Area of 17,909 sq ft
• Rental evidence in the local area supporting shown in excess of £30.00 per sq ft
• Well positioned on Regent’s Canal and on Kingsland Road providing direct access into The City
• Offered with full Vacant Possession from 1st February 2027
• Long leasehold of c.125 years

Description

Benyon Wharf comprises a self-contained building, constructed in 2008 and arranged over ground and six upper floors. The property extends to approximately 17,909 sq ft (1,664 sq m) NIA and has been comprehensively fitted out by the current tenant to provide purposed designed Education and Office accommodation. The layout would support continued use for flexible Education (Class F1) and Office, (Class E (g)(i)) with the long leasehold user clause also permitting Hotel (Class C1), subject to obtaining the necessary planning consents. The property is held on a long leasehold interest with approximately 125 years unexpired at a peppercorn ground rent. The property benefits from six secure car parking spaces located within the basement car park. The entirety of the property is currently let to SAE Education Limited at a rent of £447,725 with vacant possession schedules for 1st February 2027. The opportunity would present an attractive purchase opportunity for existing Education or Office providers looking to acquire their own premises within East London’s vibrant Hackney district. Whilst investors will recognise the attractive capital value of just £270 per sq ft against achievable rents in the area shown in excess of £30.00 per sq ft. The permitted Hotel (Class C1) use within the head-lease will also present an attractive opportunity to developers, subject to necessary planning consents.

Benyon Wharf comprises a self-contained building, constructed in 2008 and arranged over ground and six upper floors. The property extends to approximately 17,909 sq ft (1,664 sq m) NIA and has been comprehensively fitted out by the current tenant to provide purposed designed Education and Office accommodation. The layout would support continued use for flexible Education (Class F1) and Office, (Class E (g)(i)) with the long leasehold user clause also permitting Hotel (Class C1), subject to obtaining the necessary planning consents. The property is held on a long leasehold interest with approximately 125 years unexpired at a peppercorn ground rent. The property benefits from six secure car parking spaces located within the basement car park. The entirety of the property is currently let to SAE Education Limited at a rent of £447,725 with vacant possession schedules for 1st February 2027. The opportunity would present an attractive purchase opportunity for existing Education or Office providers looking to acquire their own premises within East London’s vibrant Hackney district. Whilst investors will recognise the attractive capital value of just £270 per sq ft against achievable rents in the area shown in excess of £30.00 per sq ft. The permitted Hotel (Class C1) use within the head-lease will also present an attractive opportunity to developers, subject to necessary planning consents.