STUNNING SELF-CONTAINED B1 OFFICE BUILDING FOR SALE PRIME HACKNEY WICK CHARACTER BUILDING OF INTEREST TO INVESTORS AND OWNER OCCUPIERS THE HERITAGE BUILDING, 75-89 WALLIS ROAD, HACKNEY WICK, LONDON E9 5LN GIA : 12,056 FT² (1,120 M²) THE HERITAGE BUILDING 75-89 WALLIS ROAD, HACKNEY WICK, LONDON E9 5LN
Executive Summary
• Rare opportunity to acquire a former industrial building in prime Hackney Wick • Freehold • GIA 12,000 sq ft over Ground Floor and Mezzanine • A stunning building with a wealth of character features • Attractive opportunity for both commercial investors and owner occupiers • Adjacent to Hackney Wick Station and in the heart of one of London’s most creative business districts • Offers in excess of £4,250,000 equating to an attractive capital value of £350 per sq ft THE HERITAGE BUILDING 75-89 WALLIS ROAD, HACKNEY WICK, LONDON E9 5LN
The Heritage Building is accessed via a landscaped courtyard of Wallis Road in prime Hackney Wick. It is less than a one minute walk to Hackney Wick Overground Station which has direct links (one stop) into Stratford Mainline Station (Central Line & Jubilee Lines / Overground / Greater Anglia). Stratford will also benefit from Crossrail which is scheduled to open late 2020 providing access into the West End within 10 minutes. Hackney Wisk was earmarked by the 2012 London Olympic Committee as a regeneration area and has subsequently underdone significant transformation in the last 12-18 months with a several mixed use developments delivering thousands of new homes as well as several hundred thousand ft² of commercial accommodation. There is a strong creative and industrial heritage which is now seen as a destination for creative, tech and media businesses. Notable office occupiers include Powster, HSSMI and WallWik plus highly regarded F&B operators including Cornerstone, Crate Brewery, Truman Brewery, Foreman & Sons and Breakfast Club. *The building will benefit from a right of access across the courtyard to Wallis Road THE HERITAGE BUILDING 75-89 WALLIS ROAD, HACKNEY WICK, LONDON E9 5LN
HACKNEY WICK MASTERPLAN
Planning permission was granted on 13th March 2019 to the London Legacy Development Corporation (LLDC) and London Borough of Hackney for their joint masterplan for Hackney Wick Central, near to Queen Elizabeth Olympic Park.
The Hackney Wick Central masterplan will deliver a new neighbourhood centre around Hackney Wick Station, which recently benefited from a £28m upgrade, funded by LLDC, GLA, London Borough of Hackney and London Borough of Tower Hamlets.
The masterplan will transform the area around Hackney Wick Station which will become a thriving town centre, supporting existing communities and a new development of up to 850 new homes, re-providing workspace, as well as providing space for new retail, restaurants, bars, and community facilities.
The location will retain much of the existing affordable workspace including low cost space for artists, and start- ups, ensuring the local creative economy of Hackney Wick continues to thrive. In addition there will be a significant increase of nearly 18,000 square metres of new employment space that will accommodate and enable growth in burgeoning tech and creative businesses. THE HERITAGE BUILDING 75-89 WALLIS ROAD, HACKNEY WICK, LONDON E9 5LN
THE BUILDING
The Heritage Building is a truly unique character building which is located in the very heart of Hackney Wick. The area has a strong industrial and creative heritage and is seen as one of London’s most vibrant creative districts. The building has a long history and was previously occupied in an industrial capacity retaining many of its original features including exposed brickwork, steel pillars as well as its architecturally impressive roof structure. An attractive feature is the double height atrium as well as extensive skylights providing excellent natural light throughout the space. The building will benefit from glazing on both elevations. The southern elevation benefits from characterful ‘arched’ windows with the north elevation benefiting from new windows at both ground and mezzanine level. There is an extensive steel mezzanine along the north elevation, subject to planning, there is scope to add additional massing by way of increasing the mezzanine. Due to the wealth of character features, volume and natural light the building will offer a fantastic and sought after working environment.
HANDOVER SPECIFICATION
Detailed handover shell specification available on request
Subject to negotiation the Vendor is able to offer the building to a Category A Specification at the point of purchase. Specification to be agreed. THE HERITAGE BUILDING 75-89 WALLIS ROAD, HACKNEY WICK, LONDON E9 5LN
FLOOR PLANS THE HERITAGE BUILDING 75-89 WALLIS ROAD, HACKNEY WICK, LONDON E9 5LN
ACCOMMODATION THE OPPORTUNITY Offers in excess of £4,250,000 (Four million ft2 m2 two hundred and fifty thousand) are invited on Ground floor 6,997 650.0 an unconditional basis. Mezzanine* 5,059 470.0 Total Gross Internal Area 12,056 1,120 Based on the GIA this reflects an attractive capital value of £350 per ft². * Potential to increase mezzanine floor area by up to 1,140 ft² (106 m²) EPC – To be commissioned upon completion of FLOOR PLANS works DWG and PDF floor plans are available on request. VAT – The building is elected for VAT PLANNING The property in located in London Borough of Hackney. The building is not listed however does sit within the Hackney Wick Conservation Area. Viewing & Further Information TENURE By appointment with sole agents Strettons 1-3 Sun Street Freehold London The building will be sold with full vacant possession. EC2A 2EP
Jon Cuthbert [email protected] 020 7614 0901 Scott Ward-Reece scott,[email protected] 020 7614 0902 Sean Crowhurst [email protected] 020 8509 4436