18 95 SHOREDITCH STABLES - LoopNet

S H O R E D I T C H S T A B L E S1 8 9 5

F R E E H O L D F O R S A L E W I T H V A C A N T P O S S E S S I O N– S A M E O W N E R S H I P S I N C E 1 9 6 5 –

6 6 B U T T E S L A N D S T R E E T | L O N D O N N 1

A U N I Q U E O P P O R T U N I T Y T O A C Q U I R E A P I E C E O F L O N D O N H I S T O R Y

0 1 / E X E C U T I V E S U M M A R Y S H O R E D I T C H S T A B L E S

Self contained former stables in the heart of Hoxton

Freehold

Comprises 18,975 sq ft GIA over ground and first floors

Unique opportunity for owner occupiers, developers and investors

Planning permission has been obtained to undertake a compressive refurbishment and change the use to B1a office

Within close proximity to Old Street, Angel and Hoxton stations

The vendor is seeking offers in excess of £13,450,000.00 (Thirteen Million, Four Hundred and Fifty Thousand Pounds) equating to £708.00 /sq ft

0 2 / T H E B U I L D I N G

H I S T O R Y66 Buttesland Street was built in 1895 as a stable, and was described in the Shoreditch Observer as a ‘large fine depot, a substantial and serviceable building with healthy and comfortable accommodation for 180 horses’. It sits behind a row of houses on Buttesland Street, all constructed between 1810-35.

The premises, known as the Pitfield Street Depot, was built by G Parker of Peckham, with steelwork by Newton Chambers Co, and opened in December 1895. In the early part of the 20th Century, motor power began to overtake horsepower, and the last LGOC horse-drawn omnibus ran on 18 October 1911.

The LGOC sold the leasehold of most of the site to the Eastern Motor Wagon Company, which made it its headquarters and whose fleet of 31 steam lorries undertook local haulage work.

The premises was acquired in the early 1930s by Cromer Cars, who made further changes to the former covered yard, inserting the concrete mezzanine gallery which was originally fitted with a gantry and overhead travelling crane.

Since 1965 the premises has been occupied by the current tenant, Wharfside furniture company.

S H O R E D I T C H S T A B L E S

0 3 / L O C A T I O N

I N T H E H E A R T O F T R E N D Y H O X T O NThe area was historically known as the home of the fashionable arts and music scene.

Characterised by its attractive warehouse style buildings and vibrant cultural atmosphere, Hoxton, has over recent years become increasingly fashionable to both occupiers and investors alike.

The sub-market has become synonymous with the rapidly expanding Tech, Fin-Tech and Design industries.

The area constantly evolves and breaks boundaries with new emerging food trends, a growing number of boutique retail brands, a cutting edge arts scene and an overwhelming choice of cocktail bars, cafes, pubs and pop up events spaces.

It is easy to see why the area continues to attract forward-thinking businesses who are drawn to the amenity offering as well as the creative environment.


Bunhill Row

Pentonville Road

Euston Road

Upp

er S

t

Pitfield St

Wharf Rd

Chiswell St

Hoxton St

Curtain Rd

Hackney

Rd

York Way

Cale

doni

an R

oad

Gray’s Inn Road

Gray’s Inn Road

Farringdon Street

Farringdon Rd

Guilford Street

Rose

bery

Ave

nue

Worship St

Holborn Viaduct

Shepherdess Walk Bath St

Provost St

Brick Lane

Whitecross St

Wenlock Rd

Rivington St

Central St

G

olden Lane

Tabe

rnac

le S

t

Paul St Wilson St

Clifton St

Luke St

St John’sSquare

Redchurch St

Boundary St

Leonard St

Nile St

Ebenezer St

Old Nichol St

Bonhill St

Scrutton St

Buttesland St

Bis hop sgat eTheobalds Road

C

lerkenwell Road

Old St

Old St

City Rd

M

oorgate

East

Rd

London Wall

Great Eastern St

Commercial St

Kingsland Rd Shoreditch H

igh St

City Rd

East Road

Gosw

ell Rd

Old SpitalfieldsMarket

WhitecrossMarket

Tea Building

Old TrumanBrewery

ArnoldCircus

FinsburySquare

FinsburyCircus

HoxtonSquare

S H O R E D I T C HH I G H S T R E E T

H O X T O N

L I V E R P O O LS T R E E T

F A R R I N G D O N B A R B I C A N

R U S S E L LS Q U A R E

C H A N C E R Y L A N E

M O O R G A T E

A N G E L

H O L B O R N

K I N G S C R O S S

S T P A N C R A S

O L DS T R E E T

05

0607

0102

10 1503

04

08 14 24

09

11

12

13

19 2026

21

22

16

17

18

23

2527

28

29

30

01

02

03 04 05

06 07

08 13

11

09

14

10

12

1516

0 4 / L O C A T I O N

L O C A L O C C U P I E R S

L O C A L A M E N I T I E S

F O O D & D R I N K

01 Breakfast Club 02 Bone Daddies03 Enoteca da Luca04 Gloria05 Nightjar06 Ozone Coffee 07 Passo08 Popolo09 Queen of Hoxton10 Serata Hall11 Shoreditch Grind12 St Leonards13 The Princess of Shoreditch14 Tramshed15 Wagamamas

01 Adobe02 AHMM03 Airbnb04 Box05 BrainLabs06 Capital One07 Checkout.com08 Ebiquity

A N E I G H B O U R H O O D F U L L O F S U R P R I S E SHoxton continues to thrive with it’s diverse mix of amenities helping to attract a thriving number of tech and web companies, along with business from other key sectors.

L I F E S T Y L E & L E I S U R E

16 Ace Hotel17 Barrys Bootcamp18 Boxpark19 Citizen M 20 Cowshed21 Fight Club22 Gymbox23 House of Hackney24 Mr Start25 Nobu Hotel 26 Shoreditch House 27 Sunspel28 The Curtain 29 The Hoxton Hotel 30 Tokyobike

09 Farfetch 10 Infosys11 Inmarsat12 Runpath13 Totally Money 14 WeWork15 Spark4416 Turner Broadcasting


0 5 / C O M M U N I C A T I O N S

U N R I V A L L E D C O N N E C T I O N S

R E V I T A L I S I N G O L D S T R E E T Old Street station is undergoing a £50m upgrade which will convert the existing 1970s roundabout into an attractive new pedestrianised public space, including seating and trees.

It will see the north-western ‘arm’ of the junction by City Road closed and two-way traffic reintroduced to the gateway to Tech City as it continues to be a hub for the thousands of people who live, work and socialise nearby.

Old St5 minutes

Shoreditch High St.9 minutes

Moorgate15 minutes

Liverpool St.15 minutes

Bank14 minutes

Kings Cross St Pancras15 minutes

Bond Street27 minutes

Tottenham Court Rd25 minutes

Hoxton10 minutes

Angel12 minutes

London Bridge15 minutes

Source TfL


Shoreditch Stables is conveniently located within a short walk of Old Street and other key stations, offering excellent transport links.

W A L K I N G T I M E S F R O M T H E B U I L D I N G

J O U R N E Y T I M E S V I A O L D S T

0 6 / L O C A T I O N

L O C A L F R E E H O L D & L E A S I N G T R A N S A C T I O N S


L O C A L F R E E H O L D & L E A S I N G T R A N S A C T I O N S

L E A S I N G T R A N S A C T I O N S

160 O L D S T R E E T E C 1 T H E B O W E R , O L D S T R E E T E C 1 C H A P T E R H O U S E , B R U N S W I C K P L A C E E C 1 34-38 P R O V O S T S T R E E T E C 1

Developer Great Portland Estates

Size 6,930 sq ft

Floor 7th

Tenant Sensat

Lease Term

3 years

Rent £82.50 / sq ft

Developer Helical

Size 10,046 sq ft

Floors 13th

Tenant OpenPayd Holdings

Lease Term

5 years

Rent £87.50 /sq ft

Developer LBS Properties

Size 18,052 sq ft

Floors 2nd – 4th

Tenant Ebiquity PLC

Lease Term

10 years

Rent £70.00 /sq ft

Developer Private

Size 11,306 sq ft

Floors LG – 5th

Tenant Meira GTx

Lease Term

10 years

Rent £60.50 /sq ft

V E S T R Y S T R E E T S T U D I O S , 10-19 V E S T R Y S T R E E T & 65-69 E A S T R O A D N 1

16 C H A R T S T R E E T N 1 34-38 P R O V O S T S T R E E T E C 1

Tenure Freehold

Size 22,562 sq ft

Completion £19,250,000 (£853 / sq ft)

Tenure Freehold

Size 11,487 sq ft

Completion £9,250,000 (£805 / sq ft)

Tenure Freehold

Size 11,223 sq ft

Completion £13,500,000 (£1,203 / sq ft)

C H A P T E R H O U S E , B R U N S W I C K P L A C E E C 1

Tenure Freehold

Size 33,982 sq ft

Completion £46,000,000 (£1,353 / sq ft)

T H E B U I L D I N GThe London General Omnibus Company (LGOC) acquired the land between the rear of the terraces of houses on Buttesland Street and Haberdasher Street in 1893-1895, and plans were approved for a stable block in 1894. Much of the original features from this period are still prevalent.

The site is split between the East and the West wing. Both wings consist of a ground and first floor. The West wing is currently used as back of house space, and the floor above is used for additional storage. Both floors of the East wing houses the showroom to Wharfside, a furniture company.

0 7 / T H E B U I L D I N G S H O R E D I T C H S T A B L E S


E X I S T I N G A C C O M M O D A T I O NW I N G F L O O R S Q F T ( G I A ) S Q M ( G I A )East First 3,814 354

Ground 5,931 551Total 9,745 905

West First 2,842 264Ground 5,427 504Total 8,269 768

Reception Internal 317 29External 644 60Total 961 89

Total 18,975 1,762

G R O U N D F L O O R 1 2 , 3 1 9 S Q F T / 1 ,1 4 4 S Q M

F I R S T F L O O R 6 , 6 5 6 S Q F T / 6 1 8 S Q M

Floor Reception Core Courtyard For indicative purposes only. Not to scale.

Buttesland Street

N


Buttesland Street

P R O P O S E D D E V E L O P M E N T

0 8 / T H E B U I L D I N G S H O R E D I T C H S T A B L E S

Proposed refurbishment (CGI for indicative purposes only)

The vendor has worked closely with ThirdWay Architecture to secure planning to change the use to B1a Offices and undertake a comprehensive refurbishment of the building.

Details of the planning permission can be found here:http://hackney.hk/2017/3411/info


D E V E L O P M E N T P O T E N T I A LPlanning permission granted to reposition the building and undertake a full refurbishment in place.

G R O U N D F L O O R 9 , 8 5 3 S Q F T / 9 1 6 S Q M

F I R S T F L O O R 6 , 5 6 9 S Q F T / 6 1 0 S Q M

For indicative purposes only. Not to scale.

N

Floor Reception Core Courtyard


Proposed refurbishment (CGI for indicative purposes only)

Buttesland Street

Buttesland Street

W I N G F L O O R S Q F T ( N I A ) S Q M ( N I A ) S Q F T ( G I A ) S Q M ( G I A )East First 3,993 371 4,041 375

Ground 4,864 452 5,931 551Total 8,857 823 9,972 926

West First 2,576 239 2,884 268Ground 4,989 464 5,427 504Total 7,565 703 8,311 772

Reception Internal 317 29 317 29External 644 60 644 60Total 961 89 961 89

Total 17,383 1,615 19,244 1,787

C O N T A C TF U R T H E R I N F O R M A T I O NT E N U R EThe property is held Freehold. L I S T E D S T A T U SPart Grade II Listed. P L A N N I N G P E R M I S S I O NDetails held in the data room. V A TApplicable. L O C A L A U T H O R I T YThe London Borough of Hackney. O I E OThe Freeholder is seeking offers in excess of £13,450,000.00.

For further information or to arrange a viewing please contact the sole letting agents:

Shaun Simons 020 7871 7422 [email protected]

Alexander Howarth 020 7871 7430 [email protected]

Colliers International give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. March 2020.

Designed & Produced by Cre8te – 020 3468 5760 – cre8te.london

1 0 / F U R T H E R I N F O R M A T I O N S H O R E D I T C H S T A B L E S

18 95 SHOREDITCH STABLES - LoopNet

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