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16-24 Underwood St 32,210 SF 93% Leased Office Building London N1 7JQ $10,983,765 CAD ($341.00 CAD/SF)
Investment Highlights
- Good road links
- Close proximity to local amenities
- Good transport links
Executive Summary
Multi-let to four office tenants with a passing rent of £270,383 per annum reflecting a highly reversionary rent of £30.04 per square foot on the let accommodation.
16-24 Underwood Street is a former Victorian warehouse. The property comprises two connected warehouses providing 15,863 sq ft of office accommodation.
The office accommodation is arranged over lower ground, ground and two upper floors with additional mezzanine levels on the second floor north and south. The offices are split into bright an airy north and south units comprising approximately 1,500 - 2,000 sq ft. The units can be connected to provide contiguous floor plates of approximately 3,500 sq ft.
The asset benefits from generous floor to ceiling heights and abundant levels of natural light, with large period windows on both the east and west façades. The design thoughtfully preserves the heritage features through retaining the original wooden floors and exposed steel beams and columns.
Property Facts
Amenities
- 24 Hour Access
- Storage Space
- Natural Light
- Hardwood Floors
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Newly refurbished warehouse-style office to let on Old Street. This converted former Victorian warehouse building offers a fully self-contained office, benefiting from a brand new, high quality fit-out. The space includes fully glazed meeting rooms, contemporary office furniture, a soft-seating breakout area, and a fully integrated kitchen. Located on the ground floor with its own dedicated entrance from Underwood Street, the unit provides excellent autonomy and accessibility. The space is well suited to a wide range of occupiers, from creative businesses to more corporate users.
| Space | Size | Space Use | Build-Out | Available |
| Ground-Ste 1 | 2,351 SF | Office | Full Build-Out | Now |
Ground-Ste 1
| Size |
| 2,351 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste 1
| Size | 2,351 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Newly refurbished warehouse-style office to let on Old Street. This converted former Victorian warehouse building offers a fully self-contained office, benefiting from a brand new, high quality fit-out. The space includes fully glazed meeting rooms, contemporary office furniture, a soft-seating breakout area, and a fully integrated kitchen. Located on the ground floor with its own dedicated entrance from Underwood Street, the unit provides excellent autonomy and accessibility. The space is well suited to a wide range of occupiers, from creative businesses to more corporate users.
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16-24 Underwood St
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