Status: Office For Sale - Under Offer
Size: 3,306 sq. ft. (Approx. GIA)
Address: 29 Boundary Street, London E2 7JQ
Price: £2,750,000 (+VAT)
Business Rates: £39,718 PA
Service Charge: £6,519 PA
Insurance: INCLUDED IN SERVICE CHARGE
Ground Floor Office - 3,135 sq. ft. Net Internal Area Approx.
& 3,306 sq. ft. Gross Internal Area Approx.
The unit is located on Boundary Street near the junction with Calvert Avenue on the eastern side of Shoreditch. Boundary Street is an attractive cobbled street which leads north from Redchurch Street by The Boundary Hotel and the space neighbours The Ace Hotel. As well as office occupiers in the nearby Tea Building the immediate surrounding streets host showrooms and shops including; Dudson, Ally Capelino, Oliver Spencer, Margaret Howell, Aesop, Camper, Whistles, APC, Nudie Jeans and Sunspel. Nearby restaurants include; Pizza Pilgrims, Albion, Andina and Dishoom. The area is well served by London Transport links including Shoreditch High Street (Overground) station and is within a short walk of Liverpool Street which offers Underground, Mainline and forthcoming Elizabeth Line Services.
The self contained Ground Floor office space benefits from an attractive shopfront entrance direct from Boundary Street. The unit forms part of Anlaby House, an attractive warehouse which was extended and converted to mainly residential use in 2006. By current custom an alternative access into the unit is also available from Shoreditch High Street via a route under the Ace Hotel. The space is double aspect as benefits from full height windows to a rear courtyard as well the main frontage on Boundary Street. The unit is configured as office space for an IT company but the premises may also be suitable for other uses such as Showroom (the neighbouring premises are used as a showroom by tablewear manufacturer Dudson). The space benefits from a comfort cooling / heating system, a reception lobby, boardroom, kitchen, meeting rooms, toilets and shower.
The sale of a long leasehold interest with approximately 110 years until expiry.
Asking price of £2,750,000 (+VAT).
The unit is liable to pay an annual Ground Rent of £200.
The Valuation Office Agency website lists the premises as having a 2017 Rateable Value of £93,500. Verbally London Borough of Hackney have confirmed that the Rates Payable for the period 1st March 2018 to 30th April 2019 are £39,718. Interested parties are ask to make their own enquiries to the London Borough of Hackney.
The current service charge contribution is running at £6,519 per annum.
The contribution to Buildings Insurance is contained within the Service Charge contribution above.
The Statements contained in these Particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute any part of an offer. This Agent and its employees have no authority to make representation or give any warranty in relation to this property. Any intending purchaser/lesser must satisfy themselves by inspection, examination, investigation or otherwise as to the correctness of each of the statements contained in these particulars.