St Mark's Studios, 14 Chillingworth Road
London, N7 8QJ
| Property Type | Offices / Offices |
| Tenure | For Sale |
| Size | 3,492 to 15,184 sq ft |
| Price | £5,000,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Office / Serviced Office Building For Sale - of interest to investors and owner occupiers
Key Points
- Within easy walking distance of Holloway Road and Highbury & Islington Stations
- Multi-let freehold workspace and studios with residential sold off
- Refurbished listed building
- Let to 12 occupiers producing a gross income of £543,358 pa
- 8 vacant units that once let will increase the gross income to £750,774 pa
- £5,000,000, subject to contract, reflecting a capital value of £329.29 psf
Description
The building provides modern studio style offices in units of various sizes.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| 3rd | 3,872 | 359.72 | Available |
| 2nd | 3,931 | 365.20 | Available |
| 1st | 3,889 | 361.30 | Available |
| Ground | 3,492 | 324.42 | Available |
| Total | 15,184 | 1,410.64 |
Location
St. Mark’s Studios is situated close to the junction of Holloway Road and is well served by numerous bars, restaurants, retail shops and supermarkets.
The area benefits from strong public transport with Holloway Road (Piccadilly line) Highbury & Islington (Victoria, Northern lines and London overground’s East and North London lines) and Holloway mainline station all located within the immediate vicinity, with a journey time of 12 minutes to Bond Street (West End) and 18 minutes to Bank (City). Holloway Road is also well served by the London bus network with numerous routes stopping close to the property.
Terms
The building is let to 12 occupiers on licences and leases producing a gross income of £543,358 pa (£45,279 per calendar month). There are 8 vacant units that once let will increase the gross rent to £750,774 pa (£62,564 per calendar month).
Freehold, subject to 12 residential flats on the 4th, 5th and 6th floors sold off on a lease to Clarion Housing Association expiring 28/09/2082, at £1,500 pa.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:
