Summary - BASEMENT, 12-18, HOXTON STREET N1 6NG
1 bed 1 bath Office
Large freehold with redevelopment upside near Old Street station.
Highly prominent freehold corner building with strong street visibility
Total area 26,931 sq ft (GIA) over basement to third floor
Feasibility shows potential increase to 51,470 sq ft (subject to consents)
Centrally located near Old Street in fashionable Shoreditch/Hoxton
Industrial character: large windows, high ceilings, central atrium
Suitable for hotel/aparthotel/co-living or office conversion (consents req.)
Significant capital expenditure and planning required for redevelopment
Local area challenges: very high crime and indicators of deprivation
Hoxton Studios is a substantial freehold Victorian warehouse on a highly visible Hoxton corner, offering 26,931 sq ft (GIA) of bright studio-style office space across basement to third floor. The building’s central atrium and large industrial windows deliver strong natural light and flexible floorplates of roughly 5,900 sq ft each — attractive for a range of commercial occupiers or creative workspace users.
A White-Red Architects feasibility study shows clear uplift potential: schemes range from light-touch refurbishment to full redevelopment, with a theoretical increase in GIA to 51,470 sq ft. The site’s proximity to Old Street and Shoreditch’s tech and creative cluster supports alternative uses such as hotel, aparthotel or co-living, subject to planning and consents.
Material considerations are straightforward. The property dates from the 1890s and will require significant capital for conversion or redevelopment; all alternative-use plans need statutory consents. The surrounding area scores high for crime and shows local deprivation indicators — important factors for occupational and lettability assessments. Offers are sought in excess of £10,000,000 for the freehold interest, reflecting approximately £371 per sq ft on the existing GIA.
Office for sale in Unit 115a, The Timber Yard, Hoxton, London, N1 6ND, N1 — £1,900,000 • 1 bed • 1 bath • 2709 ft²
Office for sale in 17-25 New Inn Yard, Shoreditch, EC2A 3EA, EC2A — £11,500,000 • 1 bed • 1 bath • 26340 ft²
High street retail property for sale in 32 Charlotte Road, Shoreditch, EC2A 3PB, EC2A — £1,695,000 • 1 bed • 1 bath • 2000 ft²
Office for sale in 82 Kingsland Road, London, E2 8DP, E2 — £2,250,000 • 1 bed • 1 bath • 3856 ft²
Office for sale in 1 & 3B Underwood Row, Shoreditch, London, N1 7LZ, N1 — £2,000,000 • 1 bed • 1 bath • 3763 ft²
Office for sale in The Timber Yard, 15 Drysdale Street, London, N1 6ND, N1 — £695,000 • 1 bed • 1 bath • 1423 ft²
