Rare large freehold with major uplift potential near Old Street transport hub.
Freehold HQ-style building totaling 26,340 sq ft NIA
A substantial freehold office building in the heart of Shoreditch, offered as a rare large-scale redevelopment or long-let investment. The property extends to 26,340 sq ft across lower ground, ground and three upper floors, arranged as HQ-style office accommodation with generous floorplates and good natural light from windows on multiple elevations. It sits immediately adjacent to Old Street’s Silicon Roundabout and within a 10-minute walk of several mainline and Underground stations, making it highly attractive to tech, creative and corporate occupiers.
White Red Architects have completed a feasibility study proposing significant uplift: an office-led redevelopment that could increase NIA to c.45,640 sq ft, or an alternative hotel conversion scenario of c.67,695 sq ft (c.100–105 rooms), both subject to planning. The building was comprehensively refurbished in 2003 and is presented in good decorative order, offering a ready base for either repositioning or wholesale redevelopment.
Buyers should note material considerations: all uplift scenarios are subject to planning consent and viability, and the immediate area records very high crime statistics which may influence tenant demand and insurance costs. The site has no private external amenity or garden and sits within a dense inner‑city plot, so any scheme will need to optimise internal layouts and servicing.
This is best suited to developers or investors with Shoreditch experience who can manage a planning-led value-add project, or occupiers seeking a prominent freehold headquarters close to the City and the Tech Corridor. The asking price is £11,500,000 for a high-profile, rare central London redevelopment opportunity.
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