Prime Shoreditch Development Opportunity
Kingsbury have been instructed to co-ordinate a sale of a former warehouse building located in one of Shoreditch’s most sought-after addresses; Hoxton Square.
This will be the first time the property has been on the market since the 1960’s where it was originally home to artists and designers in what was an earlier wave of the creative industry now synonymous with this location.
The property benefits from planning permission to create 2 x 3 bedroom penthouses within a new 2-storey roof extension, each with spacious terraces which will provide spectacular panoramic views across London. The apartments will be two of the most desirable residential properties in the City Fringe once completed.
There are 5 existing units within the building of varying uses, which are sold off on separate leases with 96 year unexpired producing a combined ground rent income of £1,500 per annum.
The opportunity should appeal to developers looking to create an outstanding rooftop scheme for the high end market, with the added benefit of a reversionary freehold investment included.
To discuss any aspects of the sale of this property please contact firstname.lastname@example.org or 020 7183 2529.
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