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Shoreditch Stables 18 95 SHOREDITCH STABLES 66 BUTTESLAND STREET | LONDON N1 FREEHOLD FOR SALE WITH VACANT POSSESSION – SAME OWNERSHIP SINCE 1965 – 01 / EXECUTIVE SUMMARY SHOREDITCH STABLES A UNIQUE OPPORTUNITY TO ACQUIRE A PIECE OF LONDON HISTORY Self contained former stables in the heart of Hoxton Freehold Comprises 18,975 sq ft GIA over ground and first floors Unique opportunity for owner occupiers, developers and investors Planning permission has been obtained to undertake a compressive refurbishment and change the use to B1a office Within close proximity to Old Street, Angel and Hoxton stations The vendor is seeking offers in excess of £13,450,000.00 (Thirteen Million, Four Hundred and Fifty Thousand Pounds) equating to £708.00 /sq ft 02 / THE BUILDING SHOREDITCH STABLES HISTORY 66 Buttesland Street was built in 1895 as a stable, and was described in the Shoreditch Observer as a ‘large fine depot, a substantial and serviceable building with healthy and comfortable accommodation for 180 horses’. It sits behind a row of houses on Buttesland Street, all constructed between 1810-35. The premises, known as the Pitfield Street Depot, was built by G Parker of Peckham, with steelwork by Newton Chambers Co, and opened in December 1895. In the early part of the 20th Century, motor power began to overtake horsepower, and the last LGOC horse-drawn omnibus ran on 18 October 1911. The LGOC sold the leasehold of most of the site to the Eastern Motor Wagon Company, which made it its headquarters and whose fleet of 31 steam lorries undertook local haulage work. The premises was acquired in the early 1930s by Cromer Cars, who made further changes to the former covered yard, inserting the concrete mezzanine gallery which was originally fitted with a gantry and overhead travelling crane. Since 1965 the premises has been occupied by the current tenant, Wharfside furniture company. 03 / LOCATION SHOREDITCH STABLES The area constantly evolves and breaks boundaries with new emerging food trends, a growing number of boutique retail brands, a cutting edge arts scene and an overwhelming choice of cocktail bars, cafes, pubs and pop up events spaces. It is easy to see why the area continues to attract forward-thinking businesses who are drawn to the amenity offering as well as the creative environment. IN THE HEART OF TRENDY HOXTON The area was historically known as the home of the fashionable arts and music scene. Characterised by its attractive warehouse style buildings and vibrant cultural atmosphere, Hoxton, has over recent years become increasingly fashionable to both occupiers and investors alike. The sub-market has become synonymous with the rapidly expanding Tech, Fin-Tech and Design industries. t S ad r Ro pe ian Up n Yo rk Wa Caledo W East y en 04 / LOCATION Whar SHOREDITCH STABLES l ock ANGEL Ro f ad Pi Rd KINGS CROSS Rd d Roa nville nto Pe St Nile Sh A NEIGHBOURHOOD Prov HOXTON ep ad h e o Ro r st de n tfi to Ho s St Kingsland Eu ss eld FULL OF SURPRISES xt W on St ST PANCRAS al d k R St St y ezer e Ci en ty Eb kn Rd c Rd Rd Ha Hoxton continues to thrive with it’s diverse mix t Buttesland St Cent G s r ay of amenities helping to attract a thriving number of Ea Hoxton ra ’s Square In tech and web companies, along with business from l St n Ro other key sectors. e ad u Shor en 01 08 13 Av 02 ed ry 05 Bath LOCAL OCCUPIERS 23 it Arnold St Cu sebe 03 10 15 ch High Old Circus St 16 Ro Bounda 11 09 10 Rivington St 01 Adobe 09 Farfetch OLD St 14 08 14 24 ry 02 AHMM 10 Infosys Fa 22 30 rt STREET St rr ingdon 03 Airbnb 11 Inmarsat 04 ain Old Nichol St 13 29 G r 04 Box 12 Runpath 11 t e Rd 27 S a 03 01 04 05 t Rd 05 BrainLabs 13 Totally Money le 25 E Redchurch St 07 06 ast ac e 06 07 12 n Leonard St r 06 Capital One 14 WeWork r n S t t S 07 Checkout.com 15 Spark44 d 16 12 19 Tea Building Gr 15 Tabe 26 20 Ol 02 ay 08 Ebiquity 16 Turner Broadcasting Luke St et Ci re ’s Pa Clif St In ty 28 RUSSELL rd ul fo Whitecross n il Rd to u Brick Wh St Scrutton St 18 SQUARE G Ro St John’s Market n Bunhill ad Square i St Go t e Bonhill St C La cr o Go l mm LOCAL AMENITIES den d oss SHOREDITCH ne oa sw e ll R Ro r St Worship St c nwe La ial HIGH STREET ell ke w ne 17 21 S Cler t FOOD & DRINK LIFESTYLE & LEISURE Rd Finsbury Old 01 Breakfast Club 16 Ace Hotel Square 09 Truman 02 Bone Daddies 17 Barrys Bootcamp Chiswell St Brewery Moor B 03 Enoteca da Luca 18 Boxpark i BARBICAN s Wilson FARRINGDON h 04 Gloria 19 Citizen M o p ga F s ar d 05 Nightjar 20 Cowshed g te a a Ro ri St lds 06 Ozone Coffeen 21 Fight Club t oba gdon e Old Spitalfields The 07 Passo 22 Gymbox Market 08 Popolo Stre 23 House of Hackney 09 Queen of Hoxton 24 Mr Start et MOORGATE 10 Serata Hall 25 Nobu Hotel 11 Shoreditch Grind 26 Shoreditch House Finsbury LIVERPOOL 12 St Leonards 27 Sunspel Circus HOLBORN 13 The Princess of Shoreditch 28 The Curtain STREET London Wall 14 Tramshed 29 The Hoxton Hotel CHANCERY 15 Wagamamas 30 Tokyobike LANE Hol born Viadu ct 05 / COMMUNICATIONS SHOREDITCH STABLES UNRIVALLED Shoreditch Stables is conveniently located within a short walk of Old Street and other key stations, CONNECTIONS offering excellent transport links. WALKING TIMES FROM THE Old St Shoreditch High St. Hoxton BUILDING 5 minutes 9 minutes 10 minutes Moorgate Liverpool St. 15 minutes 15 minutes JOURNEY REVITALISING TIMES VIA OLD ST OLD STREET Angel Bank Kings Cross St Pancras 12 minutes 14 minutes 15 minutes Old Street station is undergoing a £50m upgrade which will convert the existing 1970s roundabout into an attractive new pedestrianised public space, including seating and trees. It will see the north-western ‘arm’ of the junction by City Road closed and two-way London Bridge Bond Street Tottenham Court Rd traffic reintroduced to the gateway to Tech 15 minutes 27 minutes 25 minutes City as it continues to be a hub for the thousands of people who live, work and socialise nearby. Source TfL 06 / LOCATION SHOREDITCH STABLES LOCAL FREEHOLD & LEASING TRANSACTIONS LOCAL FREEHOLD & LEASING TRANSACTIONS VESTRY STREET STUDIOS, 16 CHART STREET N1 34-38 PROVOST STREET EC1 CHAPTER HOUSE, 10-19 VESTRY STREET & 65-69 EAST ROAD N1 BRUNSWICK PLACE EC1 Tenure Tenure Tenure Tenure Freehold Freehold Freehold Freehold Size Size Size Size 22,562 sq ft 11,487 sq ft 11,223 sq ft 33,982 sq ft Completion Completion Completion Completion £19,250,000 £9,250,000 £13,500,000 £46,000,000 (£853 / sq ft) (£805 / sq ft) (£1,203 / sq ft) (£1,353 / sq ft) LEASING TRANSACTIONS 160 OLD STREET EC1 THE BOWER, OLD STREET EC1 CHAPTER HOUSE, BRUNSWICK PLACE EC1 34-38 PROVOST STREET EC1 Developer Great Developer Helical Developer LBS Developer Private Portland Properties Estates Size 10,046 sq ft Size 6,930 sq ft Size 18,052 sq ft Size 11,306 sq ft Floors 13th Floor 7th Floors 2nd – 4th Floors LG – 5th Tenant OpenPayd Tenant Sensat Holdings Tenant Ebiquity PLC Tenant Meira GTx Lease 3 years Lease 5 years Lease 10 years Lease 10 years Term Term Term Term Rent £82.50 / sq ft Rent £87.50 /sq ft Rent £70.00 /sq ft Rent £60.50 /sq ft 07 / THE BUILDING SHOREDITCH STABLES THE BUILDING The London General Omnibus Company (LGOC) acquired the land between the rear of the terraces of houses on Buttesland Street and Haberdasher Street in 1893-1895, and plans were approved for a stable block in 1894. Much of the original features from this period are still prevalent. The site is split between the East and the West wing. Both wings consist of a ground and first floor. The West wing is currently used as back of house space, and the floor above is used for additional storage. Both floors of the East wing houses the showroom to Wharfside, a furniture company. 08 / THE BUILDING SHOREDITCH STABLES EXISTING GROUND FLOOR 12,319 SQ FT / 1,144 SQ M ACCOMMODATION WING FLOOR SQ FT (GIA) SQ M (GIA) East First 3,814 354 Ground 5,931 551 Total 9,745 905 West First 2,842 264 Ground 5,427 504 Total 8,269 768 Reception Internal 317 29 External 644 60 Total 961 89 Total 18,975 1,762 Buttesland Street FIRST FLOOR 6,656 SQ FT / 618 SQ M Buttesland Street N Floor Reception Core Courtyard For indicative purposes only. Not to scale. 08 / THE BUILDING SHOREDITCH STABLES The vendor has worked closely with ThirdWay Architecture Details of the planning permission can be found here: to secure planning to change the use to B1a Offices and http://hackney.hk/2017/3411/info PROPOSED undertake a comprehensive refurbishment of the building. DEVELOPMENT Proposed refurbishment (CGI for indicative purposes only) 09 / THE BUILDING SHOREDITCH STABLES DEVELOPMENT GROUND FLOOR 9,853 SQ FT / 916 SQ M POTENTIAL Planning permission WING FLOOR SQ FT (NIA) SQ M (NIA) SQ FT (GIA) SQ M (GIA) granted to reposition East First 3,993 371 4,041 375 the building and Ground 4,864 452 5,931 551 undertake a full Total 8,857 823 9,972 926 refurbishment in place.
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