Offers over
£6,500,000
(£542.07/sq. ft)
Office for salePrimrose Hill Business Centre, 110 Gloucester Avenue, Primrose Hill NW1
11,991 sq. ft
Freehold
About this property
Two adjoining buildings set around A courtyard
Running as A business centre
Current gross income £375,000
Opportunity to improve rents in the short term by upgrading
Existing planning implemented for A rear extension of 3,660 sq ft
Vacant possession on 3 months notice
Estimated Rates Payable: £89932.5
Description
Originally built as a dairy and described as the first serviced office in the UK, the property comprises two interconnecting buildings set around a courtyard with ramped access from the street. To be sold as a whole, the property comprises a double fronted building on Gloucester Avenue, set over Lower Ground, Ground & 3 upper floors. Each floor is arranged as 4-6 rooms around a central core with toilets, showers & kitchen. The rear mews building originally built as a warehouse is built over 2.5 floors and extends beyond the adjoining building providing larger floor plates. Access to the buildings is from a central courtyard through large stable doors.
Planning permission was granted for a 3rd floor extension of 340 sq m (3,660 sq ft) on the rear building to which a material start has been made.
The rear building would make a fantastic warehouse style office if done correctly.
The buildings currently runs as a business centre with 35 rooms of different sizes together with reception, meeting room, managers office, stores & a workshop. The licences can be terminated on 3 month's notice but provide income while a purchaser prepares their own plans. There is scope to upgrade individual rooms & the common areas and improve the income.
Location
Primrose Hill is one of London's most affluent area and retains its appeal as a Village environment. The building is located on Gloucester Avenue close to its junction with Regents Park Road in the heart of Primrose Hill.
The building is a 4 minute walk over the Iron Bridge to Chalk Farm Underground and just two minutes to the shops, cafes & restaurants.
Originally built as a dairy and described as the first serviced office in the UK, the property comprises two interconnecting buildings set around a courtyard with ramped access from the street. To be sold as a whole, the property comprises a double fronted building on Gloucester Avenue, set over Lower Ground, Ground & 3 upper floors. Each floor is arranged as 4-6 rooms around a central core with toilets, showers & kitchen. The rear mews building originally built as a warehouse is built over 2.5 floors and extends beyond the adjoining building providing larger floor plates. Access to the buildings is from a central courtyard through large stable doors.
Planning permission was granted for a 3rd floor extension of 340 sq m (3,660 sq ft) on the rear building to which a material start has been made.
The rear building would make a fantastic warehouse style office if done correctly.
The buildings currently runs as a business centre with 35 rooms of different sizes together with reception, meeting room, managers office, stores & a workshop. The licences can be terminated on 3 month's notice but provide income while a purchaser prepares their own plans. There is scope to upgrade individual rooms & the common areas and improve the income.
Location
Primrose Hill is one of London's most affluent area and retains its appeal as a Village environment. The building is located on Gloucester Avenue close to its junction with Regents Park Road in the heart of Primrose Hill.
The building is a 4 minute walk over the Iron Bridge to Chalk Farm Underground and just two minutes to the shops, cafes & restaurants.
.png){kind=logo}