forty one - loopnet...boxpark an iconic and revolutionary shopping experience made up of over 60...

Highly sought after warehouse conversion for sale in Shoreditch.

FORTY ONEHOXTON SQ N1

I NV E S T M ENT S U M M ARY

Long Leasehold with 969 years remaining

Highly attractive mixed use period building overlooking Hoxton Square

Suitable for both Owner Occupiers and Investors

Comprises 2,180 sq ft arranged over lower ground, ground and four upper levels

Showroom accommodation totals 763 sq ft arranged over the lower ground and ground floors

Office accommodation comprises 1,417 sq ft arranged over the first to fourth floors

Vacant possession achievable on the LG-1st floors or option to agree a new one year lease at £62,500 per annum

Proposed rent passing of £145,000 per annum

Proposed WAULT to expiry 2.29 years and 1.15 years to break

Offers in excess of £2,850,000 reflecting a capital value of £1,307 per sq ft and a proposed NIY of 4.78% assuming purchaser costs of 6.43%


LOC AT I O N

Hoxton Square is situated in the diverse and exciting office market of Shoreditch, a short distance from both Shoreditch High Street and Old Street Roundabout.

Shoreditch is one of London’s most fashionable office districts forming part of London’s worlds renowned tech belt. It offers a unique mix of building stock including highly sought after warehouse accommodation adored by the fashion, tech and creative sectors.

The area attracts an impressive range of occupiers who are drawn to the quality of the local amenities with numerous thriving retail, leisure and restaurants on offer.

41 Hoxton Square occupies a prominent position on the south side of Hoxton Square. Hoxton Square provides highly sought after green space in the heart of the hustle and bustle of one of London’s trendiest districts.


You are in good company! Some of the world’s most innovative and creative companies are found in the local area;

- Adobe

- Capital One

- Bosch

- Box

- Fartech

- Labour and Wait

- WeWork

- MUFG

- Monzo

- Brainlabs

- Sage

- Cisco

- Airbnb

- Turner

- River Island

- CBS

LOC A L O CC U P I ERS


LOC A L L E I S U R E

Boxpark An iconic and revolutionary shopping experience made up of over 60 converted shipping containers offering a wide selection of gourmet restaurants and independent shops.

Shoreditch House

Located in the Tea building, Shoreditch House offers a rooftop pool, restaurant, spa and gym. Part of the prestigious Soho House & Co Group, a private members club for the creative industries.

Hoxton Square

Known to be one of London’s oldest squares, this green open space offers a small oasis for both residents and occupiers. The square benefits from numerous bars and restaurants and holds the annual Hackney Village Fyre.


CONNE C T I V I T Y

41 Hoxton Square is extremely well connected by a number of rail services:

Old Street Station

Distance 0.3 miles Walk Time 7 mins Services London Underground (Northern Line)

National Rail

Hoxton Station

Distance 0.4 miles Walk Time 9 mins Services National Rail

Shoreditch High Street Station

Distance 0.5 miles Walk Time 10 mins Services National Rail

Liverpool Street Station

Distance 0.4 miles Walk Time 13 mins Services London Underground (Central, Circle

and District, Hammersmith and City Lines) National Rail Elizabeth Line (coming 2020)

5

NEW

N R

OA

D

C I T Y R O A D

SHOREDITCH PARK

B U N H I L LF I E L D S

GO

SW

ELL R

OA

D

O L D S T R E E T

GR EA T E A S T E RN

S T R E E T

SHOREDITCHHIGH STREET

B A R B I C A NL I V E R P O O L S T R E E T

HOXTON

10 m i n s w a l k i n g t ime

5

m i n s

w a l ki n

g t im

e

O L D S T R E E T

3 4 - 3 8 P R OVO ST S T R E E T

A N G E L

Bone Daddies

Shoreditch Grind

The Book Club

The Breakfast Club

R E STAU R A N TS & B A R S L E I SU R E & HOT E L S

S H O P P I N G D I ST R I C T S

18 Gym Box

19 Power League

20 Nobu Hotel

21 Shoreditch House

22 Frame Shoreditch

23 Fight City Gym

24 Hoxton Pilates

25 Ace Hotel

26 Hoxton Hotel

27 Great Eastern Street

28 Redchurch Street

29 Whitecross Street Market

30 Columbia Road

31 Box Park

Transport connections

Old Street station 5 mins (walk)

Underground

Shoreditch High St 15 mins (walk)

Overground

Liverpool Street 9 mins (cycle) Underground National rail

Kings Cross St Pancras 14 mins (cycle) Underground National rail

Farringdon 9 mins (cycle)Underground National rail


THE PROPERT Y AND ACCOMODATION

41 Hoxton Square is a highly attractive former Victorian warehouse office building. The building is arranged over lower ground, ground and four upper floors comprising 2,180 Sq Ft. The property benefits from original warehouse features throughout as well as a terrace on the fourth floor.

FLOOR USE NIA SQ FT NIA SQ M

4th Office 261 24.25

3rd Office 356 33.07

2nd Office 507 47.10

1st Office 293 27.22

G Showroom 373 34.65

LG Showroom 390 36.23

TOTAL 2,180 202.53


THE PRO P ERT Y A ND ACCOMODAT ION


GROUND FLOORBASEMENT


FIRST FLOOR


390 SQ FT / 24.5 SQ M 373 SQ FT / 34.65 SQ M 293 SQ FT / 27.22 SQ M

SECOND FLOOR THIRD FLOOR



507 SQ FT / 47.10 SQ M 356 SQ FT / 33.07 SQ M 261 SQ FT / 24.25 SQ M

FOURTH FLOOR

T EN A N C Y

FLOOR TENANT SIZE LEASE BREAK LEASE RENT PER RENT PER COMMENTS START EXPIRY ANNUM SQ FT

4th 18.01 261 26/04/2018 26/04/2021 25/03/2023 £19,157 £73.40 Outside London Ltd 1954 Act

3rd 18.01 356 26/04/2018 26/04/2021 25/03/2023 £26,130 £73.40 Outside London Ltd 1954 Act

2nd 18.01 507 26/04/2018 26/04/2021 25/03/2023 £37,214 £73.40 Outside London Ltd 1954 Act

1st British 293 Upon – – £17,343 £59.19 Outside Standard Ltd Completion 1954 Act Proposed new one year lease

G British 373 Upon – – £22,078 £59.19 Outside Standard Ltd Completion 1954 Act Proposed new one year lease

LG British 390 Upon – – £23,084 £59.19 Outside Standard Ltd Completion 1954 Act Proposed new one year lease


OCC U PAT I O N A L M ARK E T

Property: Verse Building, 1-2 Cranwood Street, EC1 Floor: 5th Date: Q4 2019 Size: 2,121 sq ft Rent per Sq Ft: £70.00

Property: Pitfield House, 41 Pitfield Street, N1 Floor: Ground Date: Q3 2019 Size: 950 sq ft Rent per Sq Ft: £60.00

Property: 34-38 Provost Street, N1 Floor: 4th & 5th Date: Q3 2019 Size: 3,327 sq ft Rent per Sq Ft: £69.50

Property: Lux Building, 2-4 Hoxton Square, N1 Floor: 4th Date: Q3 2018 Size: 1,236 sq ft Rent per Sq Ft: £67.96

I NV E S TMENT M ARK E T

Property: 7-9 Woodbridge Street, EC1Date: Q4 2019Tenure: FreeholdSize: 3,145 sq ftPurchase Price: £4,250,000NIY: 4.42%Capital Value: £1,351 per sq ft

Property: 34-38 Provost Street, N1Date: Q4 2019Tenure: FreeholdSize: 1,223 sq ftPurchaser Price: £13,500,000NIY: 4.71%Capital Value: £1,203 per sq ft

Property: 67-69 Cowcross Street, EC1Date: Q3 2018Tenure: FreeholdSize: 9,481 sq ftPurchaser Price: £14,050,000NIY: 2.36%Capital Value: £1,492 per sq ft


T ENU R E The property is held on a 999 year Long Leasehold

from 1989 at a peppercorn.

Title Number: EGL242912

PRO P O SA L Offers in excess of £2,850,000 reflecting a capital value

of £1,307 per sq ft and a proposed NIY of 4.78% assuming

purchaser costs of 6.43%

E P C Available on request.

VAT The building is elected for VAT.

PL ANN IN G The property is located in the London Borough of Hackney.

Richard Silver [email protected]

DD +44 (0)20 7344 6647

Mobile +44 (0)7928 654929

Alexander Howarth [email protected]

DD +44 (0)20 7344 6647

Mobile +44 (0)7841 514 264

Richard Silver [email protected]

DD +44 (0)20 7344 6647

Mobile +44 (0)7980 205 293

Julian Meir [email protected]

DD +44 (0)20 7344 6647

Mobile +44 (0)7928 654 929


Colliers International give notice that these particulars are set out as a general outline

only for the guidance of the intending Purchasers or Lessees and do not constitute any

part of an offer or contract. Details are given without any responsibility and any intending

Purchasers, Lessees or Third Party should not rely on them as statements or representation

of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each

of them. No person in the employment of Colliers International has any authority to make

any representation or warranty whatsoever in relation to the property. February 2020.

forty one - loopnet...boxpark an iconic and revolutionary shopping experience made up of over 60...

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