Summary - 7-8, WAKLEY STREET EC1V 7LT
1 bed 1 bath House
Consented scheme for 24 units plus ground-floor commercial space near Angel Underground.
Freehold island block spanning three connected buildings
A substantial freehold island block in EC1, offered with vacant possession and four granted consents for conversion into 24 residential units plus a ground-floor E-Class commercial unit. The combined buildings extend to approximately 22,364 sq ft (GIA) / 18,281 sq ft (NIA), with the consented scheme providing about 20,691 sq ft (NSA), giving clear scope for a residential-led redevelopment in London’s established tech belt.
The location is a core central-London pitch: approximately 0.2 miles from Angel Underground and 0.7 miles from Old Street, surrounded by a dense mix of retail, theatre and hospitality venues. The asset benefits from excellent mobile signal and fast broadband, making it attractive to professionals and short-lease tenants in the area.
Buyers should plan for material conversion and fit-out costs despite the existing consents. The site has limited private outdoor space (small service/courtyard areas) and sits in an inner-city setting with typical street-level noise and urban views. The immediate area records higher crime and relative deprivation statistics, which will factor into lettings, management and security planning.
This is best suited to experienced investors or developers seeking a city-centre conversion with planning in place — the consents reduce planning risk but do not remove build, servicing and management requirements. The property’s scale and central location offer strong potential if budgeted for comprehensive refurbishment and operational considerations.
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