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218 Upper St 12,648 SF Vacant 4-Star Retail Building London N1 1RL $5,955,138 ($470.84/SF)
Investment Highlights
- Redevelopment opportunity
- Vacant Posession
- Planning consent granted
- Freehold
Executive Summary
218 Upper Street, is a freehold consented office development opportunity. Designed by Squire & Partners. Located close to Highbury & Islington Underground and mainline stations. The building will be offered with full vacant possession upon completion.
Full planning consent was achieved in November 2021 for a new office development providing a NIA of 12,648 sq. ft and GIA of 19,655 sq. ft over lower ground, ground, and three upper floors. Opportunity for alternative uses, subject to planning. Offers are sought in excess of £4.5m which reflects a low capital value of £365 per sq. ft on the consented net internal floor areas.
Full planning consent was achieved in November 2021 for a new office development providing a NIA of 12,648 sq. ft and GIA of 19,655 sq. ft over lower ground, ground, and three upper floors. Opportunity for alternative uses, subject to planning. Offers are sought in excess of £4.5m which reflects a low capital value of £365 per sq. ft on the consented net internal floor areas.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
12,648 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1976
Price
$5,955,138
Price Per SF
$470.84
Percent Leased
Vacant
Tenancy
Multiple
Building Height
5 Stories
1 1
Nearby Major Retailers
1 of 4
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218 Upper St
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