391 & 393 City Road

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Key Points

Summary

Prime Freehold office refurbishment and extension, or redevelopment opportunity

Description

The property comprises two adjoined office buildings each arranged over lower ground, ground and four upper floors.

391 City Road was built in the 1980's and accommodates offices on the upper levels with a cafe and kiosk at ground floor level (A1 and A3 use). The building is of frame construction with brick elevations under a flat roof. The building has its own access and a single, passenger lift. The cafe and kiosk have a separate dedicated street entrance and are segregated from the main building.

393 City Road was also built in the 1980's comprising solely office accommodation and is of brickwork construction under a tile covered mansard roof. The building has DDA access and internally there is a reception area and lift lobby with a single passenger lift.

The two buildings have their own entrances and are connected at ground floor level.

Both offices benefit from similar specifications with suspended ceilings incorporating recessed florescent lighting, central heating, comfort cooling and carpet covered floors. Windows are double glazed and steel framed and the offices benefit from excellent natural light.

To the front of No. 393 there is parking for 5 cars in a private parking area which also provides bicycle storage.

Viewings

Strictly through sole agents Cluttons.

Location

391 & 393 City Road is strategically located between Angel to the west, Old Street / 'Tech City' to the south east, and Clerkenwell and Farringdon to the south.

The property forms a prominent corner block fronting both City Road and Duncan Terrace to the east. Duncan Terrace forms an attractive terrace of townhouses. City Road is predominantly commercial in use with immediate occupiers including Virgin Active, Fitness First and other users such as dentists, solicitors, charities, serviced offices and a children's nursery.

Located in Zone 1, Angel station (Northern line) is situated 200m to the north west. Old Street (Northern line) is 1.4 kilometers to the south east. Kings Cross / St. Pancras International is 3 kilometres to the west.

Numerous bus routes run from outside the property and from nearby Upper Street/Angel providing direct access across Central London.

Road links are also good with the property being situated on the north side of City Road (A501), a major arterial route running east from Kings Cross to Old Street, therefore providing direct access to The City. The A1 is situated 100m west of the property which provides easy access to the national road network.

All potential Crossrail 2 routes include a station at Angel.

Terms

Offers are invited for the Freehold. Our client will consider an outright sale and also a potential joint venture agreement.

The National Autistic Society will vacate the property on a mutually agreed timescale. They will occupy either on the basis of a delayed completion or by way of a short-term licence/leaseback.