LONDON EC1V 9LE 325-327 OLD STREET, LONDON EC1V 9LE 2 INVESTMENT SUMMARY • Located in Old Street, within the heart of Shoreditch Triangle one of London’s fastest growing and most dynamic sub markets • Situated less than 0.3 miles from Old Street Station (Northern Line) and 0.55 miles from Liverpool Street Station, a key interchange on the Crossrail network • The property comprises commercial accommodation at lower ground, ground, with ancillary and 2 upper floors benefitting from D1 use • Freehold • The property has been held in the same ownership for the last 35 years • The building provides a total area of 1,759 sq ft • Opportunity to increase the massing through redevelopment in the future, subject to obtaining the necessary planning consent • The entire property is let to T/A Central London Osteopathy and Sports Injury Clinic, expiring December 2033 producing a current rent of £95,000 pa • Fixed uplift to a minimum of £105,000 per annum in December 2023 • The tenant has been in occupation for over 17 years • Seeking offers in excess of £1,750,000 reflecting a net initial yield of 5.11% & a low capital value of £995 per sq ft overall OLD HAC SHOREDITCH SPITALFIELDS SHOREDITCH LIVERPOOL 22 FINSBURY ARTILLERY HIGH STREET BOX PARK MARKET HIGH STREET STREET BISHOPSGATE SHOREDITCH SQUARE MOORGATE GROUNDS OLD STREET CLERKENWELL HOXTON SQUARE 325-327 OLD STREET, LONDON EC1V 9LE 4 LOCATION Old Street and the surrounding area is located in one of the most vibrant and fashionable mixed use districts in Central London and is home to the third largest cluster of technology companies in the world. The area has become one of London’s most exciting and cosmopolitan destinations over the last ten years and has gained an international reputation. The area is now home to some of the best restaurants, bars, shops and hotels in London, serving an increasingly affluent population with operators of both independent and global status. In recent years, many technology companies have relocated from traditional West End & City locations to the immediate vicincity that now include Google, Mind Candy, Turner, Amazon, Airbnb, Soundcloud, Cisco, Trip Advisor & Adobe. In addition, several game and app developers, including Sports Interactive have based themselves in the vicinity. Old Street roundabout and station is about to undergo a £50 Million regeneration to dramatically enhance the experience for commuters. This is will include an attractive new pedestrianised public space, including seating and landscape gardens. New cycle lanes and two way traffic will be introduced to provide easy access to Tech City, the hub to thousands of creative occupiers and residents. Highly visible advertising space, similar to New York’s Time Square will brighten up the roundabout. CGI of Old Street regeneration 325-327 OLD STREET, LONDON EC1V 9LE 5 SITUATION 325 Old Street is situated within the Heart of the “Shoreditch Triangle” close to Old Street’s junction with Curtain Road. The property is surrounded by numerous bars & restaurants along with office & residential accommodation alike. This eclectic mix has created a unique location for the property within the heart of Shoreditch & Old Street. To the rear of the subject property lies Hoxton Square thought to be one of the oldest squares in the capital, which provides a host of restaurants & bars as well as newly constructed residential & office developments. Furthermore, it is home to events including the annual Hackney Village Fayre. Hotel and restaurant occupiers in the area include Ceviche, Enoteca Da Luca, Bone Daddies, Honest Burger, Shoreditch Grind, The Nobu Hotel, Ace Hotel, The Courthouse Hotel, The Hoxton Hotel, Dishoom and Hoi Polloi. The much anticipated Art Otel will be situated within 50 m of the subject property and will become one of London’s most iconic hotel destinations which is due to open in 2023. 325-327 OLD STREET, LONDON EC1V 9LE HOXTON SQUARE – 120M WALK SHOREDITCH HOUSE – 700M WALK Shoreditch House has a rooftop pool and restaurant, House Kitchen, Thought to be one of Library, Cowshed spa, House gym and the oldest squares in the 26 bedrooms. Part of the Soho House capital, this grassy patch & Co group, which was founded in of land is an oasis of London in 1995 as a private members’ calm, perfect for club for people in the creative surrounding residents industries. and occupiers. The square provides a host of restaurant and bars and is home to events including the annual Hackney Village Fayre. SPITALFIELDS MARKET – 1000M WALK A covered market in Spitalfields, London. There has been a market on the site for over 350 BOXPARK – 700M WALK years. In 2005, a regeneration programme resulted in the BOXPARK is a truly treasured spot new public spaces: Bishops in Shoreditch, housing 60 shipping Square and Crispin Place, which containers converted for use as are now part of the modern shops and restaurants, offering Spitalfields Market. one of the most unique shopping experiences in London. Once stacked with fruit and veg stalls to rival that of Covent Roger Wade, creator of Boxfresh, Garden, today Spitalfields devised the concept of refitting and Market is a style destination, repurposing shipping containers with 7 days of food, fashion to deliver an independent and and crafts bringing in 40,000 revolutionised retail experience. visitors per week. 325-327 OLD STREET, LONDON EC1V 9LE 7 LOCAL DEVELOPMENTS & AMENITIES HOTELS REDCHURCH STREET SHEPHERDESS WALK HOXTON 1 The Hoxton 1 Sweaty Betty 2 2 Nobu Hotel Cecconi’s Italian CITY ROAD 3 Shoreditch House 3 APC Homme and Femme EAST ROAD 4 4 Apex Hotel Aimé 5 South Place Hotel 5 J Crew GOSWELL ROAD 6 6 Ace Hotel Aesop SHOREDITCH HIGH STREET BATH STREET 3 7 Art Otel Site 7 Modern Society OLD STREET 6 CURTAIN ROAD 5 8 7 5 RESTAURANTS/BARS/CAFES MISC 3 6 4 GREAT EASTERN STREET OLD STREET 1 1 Boxpark 1 Finsbury Square FARRINGDON ROAD 7 6 7 5 6 2 REDCHURCH STREET OLD STREET 2 Flight Club 2 Bunhill Fields 4 3 1 2 BUNHILL ROW 3 3 BETHNAL GREEN RD Bounce Gym Box 2 9 1 3 4 4 4 Trapeze Bar Barry’s Bootcamp CITY ROAD GOSWELL ROAD 5 Shoreditch Grind 5 Chrome Yoga SHOREDITCH FARRINGDON 10 2 HIGH STREET 6 6 Blue’s Kitchen Psycle 4 9 GRAY’S INN ROAD 1 7 7 White Collar Factory Broadgate Circle 8 8 The Diner 8 Spitalfields Market FARRINGDON ROAD BARBICAN NORTON FOLGATE 9 The Jugged Hare 9 Tea Building 7 5 10 Finch’s pub CHANCERY MOORGATE LANE MOORGATE LIVERPOOL STREET LONDON WALL LONDON WALL NEW BRIDGE STREET NEWGATE STREET 4 BISHOPSGATE ST PAUL’S BLACKFRIARS BRIDGE GRACECHURCH STREET 325-327 OLD STREET, LONDON EC1V 9LE 8 COMMUNICATIONS ELIZABETH LINE (CROSSRAIL) The property benefits from excellent transport connections. Crossrail (‘The Elizabeth Line’) is Europe’s largest infrastructure project and is due The following stations are situated within a short walking distance. to open in Autumn 2021. The Crossrail entrance at Liverpool Street is approximately 900m from the property and is set to provide access to Elizabeth Line services. HOXTON 9 mins SHOREDITCH HIGH STREET 8 mins OLD STREET LONDON EC1V 9LE 6 mins LIVERPOOL STREET 13 mins MOORGATE 16 mins Travel time in minutes 8 STRATFORD 33 10 7 4 2 2 HEATHROW PADDINGTON BOND TOTTENHAM FARRINGDON LIVERPOOL WHITECHAPEL (AIRPORT) STREET COURT ROAD STREET 6 CANARY WHARF 325-327 OLD STREET, LONDON EC1V 9LE 9 DESCRIPTION 325 Old Street comprises a lower ground, ground, first and second floor commercial property providing excellent frontage onto Old Street. There is an internal staircase linking the ground floor to the upper floors. Internally the property has been fitted out in keeping with the tenant’s business operation of a chiropractor clinic with separate treatment rooms as well as a ground floor reception & waiting room area. The front of building is home to a mural by the world famous French artist Thierry Noir, the first street artist to paint the Berlin Wall and synonymous for his drawings & murals in Shoreditch and throughout the world. 325-327 OLD STREET, LONDON EC1V 9LE 10 ACCOMMODATION The property provides the following net internal floor areas: FLOOR SQ FT SQ M Lower Ground 225 20.9 Ground 637 59.2 1st 432 40.1 2nd 485 45.1 TOTAL 1,779 165.3 LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR OLD STREET OLD STREET OLD STREET OLD STREET Basement Plan not to scale. For indicative purposes only. 0 1 2 3 4 5 M 0 1 2 3 4 5 M 0 1 2 3 4 5 M 0 1 2 3 4 5 M 325 - 327 Old Street 21.5 m² (231 ft²) Basement Commercial325 Premises - 327 Old Street 65.8 m² (708 ft²) Ground1-435/ Floor325 667Commercial - Premises327 Old Street 43.3 m² (466 ft²) First Floor1-435/ Commercial325668 Premises- 327 Old Street 18.6 m² (200 ft²) Second1-435/ Floor Commercial669 Premises 1-435/670 This drawing is for indicative purposes only to show general layout. Do not scale or take dimensions This drawing is for indicative purposes only to show general layout. Do not scale or take dimensions This drawing is for indicative purposes only to show general layout. Do not scale or take dimensions This drawing is for indicative purposes only to show general layout. Do not scale or take dimensions Basement GA PLAN from drawings. Ground Floor GA PLAN 1:100@A4 from26/06/2012 drawings. First Floor GA PLAN 1:100@A4 from drawings.26/06/2012 Second Floor GA PLAN 1:100@A4 from drawings.26/06/2012 1:100@A4 26/06/2012 Drawn by: KG Drawn by: KG Drawn by: KG Drawn by: KG 325/327 Old Street London EC1V 9LE 325-327 OLD STREET, LONDON EC1V 9LE 11 Plan not to scale.