From
£9,500,000
(£373.30/sq. ft)
Office for saleLymehouse Studios, 30-31 Lyme Street, Camden, London NW1
25,449 sq. ft
About this property
A beautiful Grade II Listed Victorian built former piano workshop arranged over five floors of office and maker’s space with car parking and a separate 2-bedroom maisonette fronting Georgiana Street.
A highly desirable and sought after location in a quiet & leafy side street a few minute’s walk from the vibrant Camden High Street, Camden Lock, Camden Market, and the Kings Cross Knowledge Quarter to the south.
Total commercial Net Internal Area of 25,449 sq ft (2,369 sq m) and Gross Internal Area of 30,052 sq ft (2,792 sq m) with separate 2-bedroom maisonette of 1,014 sq ft (94.2 sq m) and 22 allocated car spaces and loading arrangements to the rear.
Total commercial rents reserved of £594,860 per annum exclusive (including vendor top ups on the vacant space), with AST income from the maisonette of £13,800 per annum. Total combined income of £609,660 per annum, with a WAULT of 2.05 years to break and 2.16 years to expiry.
Commercial income reflects a very low rent passing of £23.33 per sq ft and is considered highly reversionary, as is the income from the maisonette.
The building offers a range of asset management opportunities to significantly uplift the rental income through rolling programme of refurbishment of the existing accommodation, potentially delivering the accommodation as a fully managed product or possible future conversion to residential or other living sector uses subject to consents.
Available by way of Asset Sale or sale of the share capital of the UK registered spv.
The building is configured as maker’s space on the lower ground floor, and office accommodation over the raised ground and 1st to 3rd floors extending to 25,499 sq ft (2,369 sq m) NIA and 30,052 sq ft (2,792 sq m) gia, and a separate 2 bedroom maisonette extending to 1,014 sq ft (94.2 sq m) gia. The building benefits from 22 car parking spaces accessed via a separate entrance from Georgiana Street. The office accommodation benefits from good, regular shaped floor plates with excellent levels of daylight, and good floor to ceiling heights.
Location
Nestled on a quiet, leafy side street, this highly desirable location offers the perfect blend of tranquillity and urban excitement. You’re just minutes’ walk from the vibrant energy of Camden High Street, Camden Lock, Camden Market, and the intellectual hub of the King’s Cross Knowledge Quarter
to the south. The wider area continues to attract strong interest from occupiers and investors alike, underpinned by Camden’s unique mix of cultural landmarks, green spaces, and excellent connectivity. Ongoing investment across the borough - including continued development within the Knowledge Quarter to the south has cemented Camden’s reputation as one of London’s most dynamic and well-connected urban centres.
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