Office for sale

Benyon Wharf, 297 Kingsland Road, Haggerston, London E8

Description

Benyon Wharf comprises a self-contained building, constructed in 2008 and arranged over ground and six upper floors. The property extends to approximately 17,909 sq ft (1,664 sq m) NIA and has been comprehensively fitted out by the current tenant to provide purposed designed Education and Office accommodation. The layout would support continued use for flexible Education (Class F1) and Office, (Class E (g)(i)) with the long leasehold user clause also permitting Hotel (Class C1), subject to obtaining the necessary planning consents.

The property is held on a long leasehold interest with approximately 125 years unexpired at a peppercorn ground rent. The property benefits from six secure car parking spaces located within the basement car park. The entirety of the property is currently let to sae Education Limited at a rent of £447,725 with vacant possession schedules for 1st February 2027. The opportunity would present an attractive purchase opportunity for existing Education or Office providers looking to acquire their own premises within East London’s vibrant Hackney district. Whilst investors will recognise the attractive capital value of just £270 per sq ft against achievable rents in the area shown in excess of £30.00 per sq ft. The permitted Hotel (Class C1) use within the head-lease will also present an attractive opportunity to developers, subject to necessary planning consents.

Location

The property is situated in Haggerston, to the south of Dalston and north of Shoreditch and The City. The vibrant neighbourhoods of Shoreditch and Hoxton are situated to the south, with the popular De Beauvoir Town to the east and the sought-after location of London Fields nearby. Benyon Wharf is positioned, alongside Regent’s Canal connecting Kingsland Basin through to Broadway Market.

The property boast excellent transport connectivity provided via Haggerston and Hoxton Overground stations (Windrush line), both within walking distance, offering direct services across London and convenient interchange with the Underground, Elizabeth Line and National Rail networks. Kingsland Road is also served by numerous bus routes, providing frequent services to the City, West End, Canary Wharf and wider East London.