Tech City Redevelopment Opportunity

Tech City Redevelopment Opportunity

SOLD

RARE OPPORTUNITY TO PURCHASE AN EC1 FREEHOLD FOR REFURBISHMENT/REDEVELOPMENT

Judd House, 18-29 Mora Street, London EC1V 8BT - SUBJECT TO CONTRACT

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A successful freehold disposal for a charity client within timescale, within budget and well ahead of pricing expectations.  This vacant 19,000 sqft industrial warehouse style building was inspected by 134 separate parties during the 4 week marketing, despite an interruption by squatters.  Initially priced at £5.50m, 42 bids were received including eight which exceeded £7.0m.  Contracts exchanged with 48 hours and it is anticipated that the property will become mixed use. 

 

A rare refurbishment / redevelopment opportunity close to the Old Street roundabout

  • Freehold

  • Three storey former industrial warehouse building

  • Approximately 1,770.59 sqm (19,058 sqft) GIA (existing)

  • Suitable for refurbishment / redevelopment (subject to consent)

  • Potential for additional third floor

  • Being offered with Full Vacant Posession

For more information, click on the following links:

Our client is seeking unconditional proposals (ie not subject to planning) in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT reflecting a capital value per square foot of £289 on the GIA. 

For further information, or if you wish to arrange an inspection, please contact one of the following members of the team