RARE OPPORTUNITY TO PURCHASE AN EC1 FREEHOLD FOR REFURBISHMENT/REDEVELOPMENT
Judd House, 18-29 Mora Street, London EC1V 8BT - SUBJECT TO CONTRACT
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
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