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18 Victoria Park Sq Highly Sought After Investment And Development Opportunity In The Heart Of Bethnal Green Overview A highly attractive investment opportunity Investment Summary • Freehold • Located in the heart of Bethnal Green, one of London’s most up diverse, fastest growing and vibrant districts. • The property occupiers a prominent corner position on Victoria Park Square with extensive views overlooking Museum Gardens. • 18 Victorian Park Square benefits from superb connectivity being 160m from Bethnal Green Underground Station (Central Line) running into Liverpool Street Station in 3 minutes. • The property comprises two buildings, an impressive period building to the front and large1960s building to the rear. • Comprises 11,615 sq ft of office accommodation arranged across the two buildings over lower ground, ground, first and second floors with the benefit of onsite parking. • Significant development opportunity with potential to increase massing with extension to the rear. • Potential for a wide variety of uses such as hotel, residential and offices subject to planning. • Sold with Vacant Possession. • Offers are invited in excess of £4,950,000 subject to contract and exclusive of VAT. • A sale at this level reflects a low capital value of £426 per sq ft. Exterior view of 18 Victoria Park Square, with Victorian frontage, overlooking Museum Gardens opposite 18 Victoria Park Sq 1 2 Aerial Location Victoria Broadway One of London’s Park Market vibrant and fastest growing districts – Bethnal Green In recent years Bethnal Green has been the subject of a significant amount of inward investment from a wide range of developers, investors and owner occupiers looking to capitalise on its excellent location. Strategically positioned in the heart of East London, Bethnal Green borders Shoreditch to the west, Hackney to the north and Whitechapel to the south. Bethnal Green has become a popular location for many of the Tech, Media, Creative & Fashion sectors, who are looking to take advantage of Bethnal Green’s close proximity to the City of London (1.9 miles to the south west), Old Street Roundabout (1.6 miles to west) and Canary Wharf (2.6 miles to the south). V&A Museum BOXCAR Brewery Mama of Childhood & Taproom Shelter 2 mins walk 5 mins walk 9 mins walk Queen Mary Columbia Oval University of Road Flower Space London Market 10 mins walk 15 mins walk 16 mins walk Journey times from the building. Source: TfL. 18 Victoria Park Sq Broadway Containerville Cambridge Gas Canary Bethnal Bethnal Whitechapel Market Heath Holders Wharf Green Green 18 Victoria Park Sq 3 4 Situation Buzzing with vibrancy 18 Victoria Park Square is situated on the north eastern side of Victoria Park Square on a prominent position overlooking Museum Gardens. Juice Trap London Cocktail Club The Beehive Coffee Regent’s Canal Pavilion Victoria Park Campania 18 Victoria Park Sq The Café Chantant Ombra London Fields Arepa & Co V&A Museum of Childhood Bethnal Green benefits from an excellent amenity offering with an eclectic blend of open spaces, trendy railway arches, independent retailers, gourmet restaurants, bars and numerous leisure activities. Synonymous with London’s popping music and art scene, Bethnal Green boasts some of London’s most well-known music venues and art galleries including The Oval. This desirable blend of leisure amenities and commercial offerings has led to Bethnal Green becoming a popular place to live, work, meet and eat. Victoria Park Lake Mama Shelter 5 6 Situation 18 Victoria Park Square is situated Museum Gardens has often been described as An area on the north eastern side of Victoria the focal point of Bethnal Green, with numerous Park Square on a prominent position shops, bars and Paradise Row Railway Arches overlooking Museum Gardens. in a 200-metre radius. Museum Gardens is also full of home to world famous V&A Children’s Museum. talent t e e r t S e r a M Surrounding Area Map S d M a Ro h Park a a e ictori r e V e p Broadway Market S L t a r e n G e e t r o ve Victoria Ro a Park d Q Reg ue en eet t 2 e Str ’s P er C n n r Vy a s i n t b c al r h i d a 12 r g d e ’ Containerville s R R d o 5 oa R o d a or a 11 F d ld d y ps Wa O Haggerston Bisho Park Oval Space 13 2 Cambridge ad o y R G ne ck a Heath H r o v e R C o a a m d b 16 d r oa i R 4 d ord g ld F e 3 O d Columbia Road a H W 1 o eat V R a i Flower Market a d c G i r a o h t b ne R l o o m en R u e r b r r o i e G 12 6 a P l a V&A a R Col la n d P th o oad e Museum of a n R ce a B ma d Middleton r d Ro Ol k Childhood Green S 18 1 q f Wlk r Loa 13 7 Suga Victoria Museum d Gardens n Roa Park Roma Bethnal 13 eet 14 Sq et Str 1 Green Goss 10 5 7 d 15 oa en R re G l 8 na 8 th V Be 2 a 3 l l 9 11 a 6 n 4 c e ad R Ro n 9 ee r o G al Bethnal n a th e 10 B d Green G Weavers C Gardens l o a Fields b Mile End m 4 e b R Hospital r o i d a g d e olts Road H C Three e a Queen Mary t h University R 3 reet o of London heshire St a C Bethnal d Green Stepney Green Local Occupiers Amenities Hotels 1 HSBC 9 BOXCAR Brewery 1 York Hall 7 London Buddhist Centre 1 The East London 2 Iceland & Taproom 2 Victoria Park 8 Bethnal Green Library Hotel 3 McDonald’s 10 Specsavers 3 Queen Mary University 9 Bethnal Green Post Office 2 Mama Shelter 4 KFC 11 Boots 4 Columbia Road 10 Mile End Hospital 3 Town Hall Hotel 5 Tesco Metro 12 The Hive Flower Market 11 Oval Space 4 Travelodge 6 Halifax 13 Co-op Food 5 Haggerston Park 12 BP Petrol Station 7 The Star of 14 The Green Truffle 6 V&A Museum of 13 Bethnal Green Bethnal Green 15 Sainsbury’s Local Childhood Police Station 8 Cakebox 16 Bikeworks 18 Victoria Park Sq 18 Victoria Park Square benefits Bethnal Green Underground Station is Quick from excellent connectivity being located 160 metres to the west of the property in close proximity to numerous and is served by the Central Line running into & easy transport hubs. Liverpool Street Station in 3 minutes. Liverpool Street Station is one of London links best connected rail stations and is served by the London Underground, National Rail, Overground and from 2022, Crossrail. Connections Near & Far Highbury Hackney & Islington Dalston Downs Canonbury Kingsland Homerton Overground Hackney Stratford London 10 mins cycle Wick Fields Cambridge 8 mins walk Heath Old 18 Victoria Street Park Sq Bethnal Mile Northern Line Green End 3 mins walk Moorgate Whitechapel Liverpool Hammersmith & City Line Street Aldgate Circle Line Metropolitan Line East Aldgate Midtown / Bank West End Monument District Line Tower Hill Journey times from the building. Source: TfL. Bethnal Green Overground station is located 0.5 miles to the south of the property while Whitechapel Rail Station is located 0.9 miles to the south. From 2022, as well as London Underground services, Whitechapel Station will benefit from the arrival of Crossrail. Image of Whitechapel Crossrail Station 7 8 The Building A prominent building with a Victorian aesthetic 18 Victoria Park Square offers a highly attractive opportunity to significantly increase massing and create a desirable offering maintaining the buildings rich history and period features. The prominent corner property comprises a Victorian front building which is arranged over lower ground, ground and three upper levels with fantastic views overlooking Museum Gardens. The front building connects to a larger 1960’s building to the rear. 1 2 18 Victoria Park Sq 3 The property is arranged over two buildings and provides 11,615 sq ft (1,079 sq m) of commercial accommodation. The front building is an attractive Victorian building boasting many of its coveted original features. The 1960’s rear building provides open plan floor plates with natural light from two elevations. 18 Victoria Park Square offers excellent potential for a wide variety of uses subject to planning. 1 Views overlooking Museum Gardens 2 Ground floor accommodation with courtyard 3 Open plan commercial space 4 4 Ground floor stairwell 9 10 Accommodation Arranged over four floors with potential for a variety of uses Floor Sq Ft (GIA) Sq M (GIA) Second 810 75 First 4,701 437 Ground 5,199 483 Lower Ground 905 84 Total 11,615 1,079 Lower Ground Floor 905 Sq Ft / 84 Sq M VICTORIA PARK SQUARE VICTORIA PARK SUGAR LOAF WALK 18 Victoria Park Sq Plans not to scale. For indicative purposes only. N Ground Floor 5,199 Sq Ft / 483 Sq M VICTORIA PARK SQUARE VICTORIA PARK Courtyard SUGAR LOAF WALK First Floor 4,701 Sq Ft /437 Sq M VICTORIA PARK SQUARE VICTORIA PARK SUGAR LOAF WALK Second Floor 810 Sq Ft / 75 Sq M VICTORIA PARK SQUARE VICTORIA PARK SUGAR LOAF WALK Office Space Core Terrace 11 12 Development Potential A great opportunity The site offers potential for High growth sub-market a significant refurbishment with significant development and 18 Victoria Park Square offers significant and extension to the rear investment projects taking place development potential for a wide variety subject to planning.
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