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F R E E H O L D F O R S A L E W I T H V A C A N T P O S S E S S I O N– S A M E O W N E R S H I P S I N C E 1 9 6 5 –
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A U N I Q U E O P P O R T U N I T Y T O A C Q U I R E A P I E C E O F L O N D O N H I S T O R Y
0 1 / E X E C U T I V E S U M M A R Y S H O R E D I T C H S T A B L E S
Self contained former stables in the heart of Hoxton
Freehold
Comprises 18,975 sq ft GIA over ground and first floors
Unique opportunity for owner occupiers, developers and investors
Planning permission has been obtained to undertake a compressive refurbishment and change the use to B1a office
Within close proximity to Old Street, Angel and Hoxton stations
The vendor is seeking offers in excess of £13,450,000.00 (Thirteen Million, Four Hundred and Fifty Thousand Pounds) equating to £708.00 /sq ft
0 2 / T H E B U I L D I N G
H I S T O R Y66 Buttesland Street was built in 1895 as a stable, and was described in the Shoreditch Observer as a ‘large fine depot, a substantial and serviceable building with healthy and comfortable accommodation for 180 horses’. It sits behind a row of houses on Buttesland Street, all constructed between 1810-35.
The premises, known as the Pitfield Street Depot, was built by G Parker of Peckham, with steelwork by Newton Chambers Co, and opened in December 1895. In the early part of the 20th Century, motor power began to overtake horsepower, and the last LGOC horse-drawn omnibus ran on 18 October 1911.
The LGOC sold the leasehold of most of the site to the Eastern Motor Wagon Company, which made it its headquarters and whose fleet of 31 steam lorries undertook local haulage work.
The premises was acquired in the early 1930s by Cromer Cars, who made further changes to the former covered yard, inserting the concrete mezzanine gallery which was originally fitted with a gantry and overhead travelling crane.
Since 1965 the premises has been occupied by the current tenant, Wharfside furniture company.
S H O R E D I T C H S T A B L E S
0 3 / L O C A T I O N
I N T H E H E A R T O F T R E N D Y H O X T O NThe area was historically known as the home of the fashionable arts and music scene.
Characterised by its attractive warehouse style buildings and vibrant cultural atmosphere, Hoxton, has over recent years become increasingly fashionable to both occupiers and investors alike.
The sub-market has become synonymous with the rapidly expanding Tech, Fin-Tech and Design industries.
The area constantly evolves and breaks boundaries with new emerging food trends, a growing number of boutique retail brands, a cutting edge arts scene and an overwhelming choice of cocktail bars, cafes, pubs and pop up events spaces.
It is easy to see why the area continues to attract forward-thinking businesses who are drawn to the amenity offering as well as the creative environment.
S H O R E D I T C H S T A B L E S
Bunhill Row
Pentonville Road
Euston Road
Upp
er S
t
Pitfield St
Wharf Rd
Chiswell St
Hoxton St
Curtain Rd
Hackney
Rd
York Way
Cale
doni
an R
oad
Gray’s Inn Road
Gray’s Inn Road
Farringdon Street
Farringdon Rd
Guilford Street
Rose
bery
Ave
nue
Worship St
Holborn Viaduct
Shepherdess Walk Bath St
Provost St
Brick Lane
Whitecross St
Wenlock Rd
Rivington St
Central St
G
olden Lane
Tabe
rnac
le S
t
Paul St Wilson St
Clifton St
Luke St
St John’sSquare
Redchurch St
Boundary St
Leonard St
Nile St
Ebenezer St
Old Nichol St
Bonhill St
Scrutton St
Buttesland St
Bis hop sgat eTheobalds Road
C
lerkenwell Road
Old St
Old St
City Rd
M
oorgate
East
Rd
London Wall
Great Eastern St
Commercial St
Kingsland Rd Shoreditch H
igh St
City Rd
East Road
Gosw
ell Rd
Old SpitalfieldsMarket
WhitecrossMarket
Tea Building
Old TrumanBrewery
ArnoldCircus
FinsburySquare
FinsburyCircus
HoxtonSquare
S H O R E D I T C HH I G H S T R E E T
H O X T O N
L I V E R P O O LS T R E E T
F A R R I N G D O N B A R B I C A N
R U S S E L LS Q U A R E
C H A N C E R Y L A N E
M O O R G A T E
A N G E L
H O L B O R N
K I N G S C R O S S
S T P A N C R A S
O L DS T R E E T
05
0607
0102
10 1503
04
08 14 24
09
11
12
13
19 2026
21
22
16
17
18
23
2527
28
29
30
01
02
03 04 05
06 07
08 13
11
09
14
10
12
1516
0 4 / L O C A T I O N
L O C A L O C C U P I E R S
L O C A L A M E N I T I E S
F O O D & D R I N K
01 Breakfast Club 02 Bone Daddies03 Enoteca da Luca04 Gloria05 Nightjar06 Ozone Coffee 07 Passo08 Popolo09 Queen of Hoxton10 Serata Hall11 Shoreditch Grind12 St Leonards13 The Princess of Shoreditch14 Tramshed15 Wagamamas
01 Adobe02 AHMM03 Airbnb04 Box05 BrainLabs06 Capital One07 Checkout.com08 Ebiquity
A N E I G H B O U R H O O D F U L L O F S U R P R I S E SHoxton continues to thrive with it’s diverse mix of amenities helping to attract a thriving number of tech and web companies, along with business from other key sectors.
L I F E S T Y L E & L E I S U R E
16 Ace Hotel17 Barrys Bootcamp18 Boxpark19 Citizen M 20 Cowshed21 Fight Club22 Gymbox23 House of Hackney24 Mr Start25 Nobu Hotel 26 Shoreditch House 27 Sunspel28 The Curtain 29 The Hoxton Hotel 30 Tokyobike
09 Farfetch 10 Infosys11 Inmarsat12 Runpath13 Totally Money 14 WeWork15 Spark4416 Turner Broadcasting
S H O R E D I T C H S T A B L E S
0 5 / C O M M U N I C A T I O N S
U N R I V A L L E D C O N N E C T I O N S
R E V I T A L I S I N G O L D S T R E E T Old Street station is undergoing a £50m upgrade which will convert the existing 1970s roundabout into an attractive new pedestrianised public space, including seating and trees.
It will see the north-western ‘arm’ of the junction by City Road closed and two-way traffic reintroduced to the gateway to Tech City as it continues to be a hub for the thousands of people who live, work and socialise nearby.
Old St5 minutes
Shoreditch High St.9 minutes
Moorgate15 minutes
Liverpool St.15 minutes
Bank14 minutes
Kings Cross St Pancras15 minutes
Bond Street27 minutes
Tottenham Court Rd25 minutes
Hoxton10 minutes
Angel12 minutes
London Bridge15 minutes
Source TfL
S H O R E D I T C H S T A B L E S
Shoreditch Stables is conveniently located within a short walk of Old Street and other key stations, offering excellent transport links.
W A L K I N G T I M E S F R O M T H E B U I L D I N G
J O U R N E Y T I M E S V I A O L D S T
0 6 / L O C A T I O N
L O C A L F R E E H O L D & L E A S I N G T R A N S A C T I O N S
S H O R E D I T C H S T A B L E S
L O C A L F R E E H O L D & L E A S I N G T R A N S A C T I O N S
L E A S I N G T R A N S A C T I O N S
160 O L D S T R E E T E C 1 T H E B O W E R , O L D S T R E E T E C 1 C H A P T E R H O U S E , B R U N S W I C K P L A C E E C 1 34-38 P R O V O S T S T R E E T E C 1
Developer Great Portland Estates
Size 6,930 sq ft
Floor 7th
Tenant Sensat
Lease Term
3 years
Rent £82.50 / sq ft
Developer Helical
Size 10,046 sq ft
Floors 13th
Tenant OpenPayd Holdings
Lease Term
5 years
Rent £87.50 /sq ft
Developer LBS Properties
Size 18,052 sq ft
Floors 2nd – 4th
Tenant Ebiquity PLC
Lease Term
10 years
Rent £70.00 /sq ft
Developer Private
Size 11,306 sq ft
Floors LG – 5th
Tenant Meira GTx
Lease Term
10 years
Rent £60.50 /sq ft
V E S T R Y S T R E E T S T U D I O S , 10-19 V E S T R Y S T R E E T & 65-69 E A S T R O A D N 1
16 C H A R T S T R E E T N 1 34-38 P R O V O S T S T R E E T E C 1
Tenure Freehold
Size 22,562 sq ft
Completion £19,250,000 (£853 / sq ft)
Tenure Freehold
Size 11,487 sq ft
Completion £9,250,000 (£805 / sq ft)
Tenure Freehold
Size 11,223 sq ft
Completion £13,500,000 (£1,203 / sq ft)
C H A P T E R H O U S E , B R U N S W I C K P L A C E E C 1
Tenure Freehold
Size 33,982 sq ft
Completion £46,000,000 (£1,353 / sq ft)
T H E B U I L D I N GThe London General Omnibus Company (LGOC) acquired the land between the rear of the terraces of houses on Buttesland Street and Haberdasher Street in 1893-1895, and plans were approved for a stable block in 1894. Much of the original features from this period are still prevalent.
The site is split between the East and the West wing. Both wings consist of a ground and first floor. The West wing is currently used as back of house space, and the floor above is used for additional storage. Both floors of the East wing houses the showroom to Wharfside, a furniture company.
0 7 / T H E B U I L D I N G S H O R E D I T C H S T A B L E S
0 8 / T H E B U I L D I N G
E X I S T I N G A C C O M M O D A T I O NW I N G F L O O R S Q F T ( G I A ) S Q M ( G I A )East First 3,814 354
Ground 5,931 551Total 9,745 905
West First 2,842 264Ground 5,427 504Total 8,269 768
Reception Internal 317 29External 644 60Total 961 89
Total 18,975 1,762
G R O U N D F L O O R 1 2 , 3 1 9 S Q F T / 1 ,1 4 4 S Q M
F I R S T F L O O R 6 , 6 5 6 S Q F T / 6 1 8 S Q M
Floor Reception Core Courtyard For indicative purposes only. Not to scale.
Buttesland Street
N
S H O R E D I T C H S T A B L E S
Buttesland Street
P R O P O S E D D E V E L O P M E N T
0 8 / T H E B U I L D I N G S H O R E D I T C H S T A B L E S
Proposed refurbishment (CGI for indicative purposes only)
The vendor has worked closely with ThirdWay Architecture to secure planning to change the use to B1a Offices and undertake a comprehensive refurbishment of the building.
Details of the planning permission can be found here:http://hackney.hk/2017/3411/info
0 9 / T H E B U I L D I N G
D E V E L O P M E N T P O T E N T I A LPlanning permission granted to reposition the building and undertake a full refurbishment in place.
G R O U N D F L O O R 9 , 8 5 3 S Q F T / 9 1 6 S Q M
F I R S T F L O O R 6 , 5 6 9 S Q F T / 6 1 0 S Q M
For indicative purposes only. Not to scale.
N
Floor Reception Core Courtyard
S H O R E D I T C H S T A B L E S
Proposed refurbishment (CGI for indicative purposes only)
Buttesland Street
Buttesland Street
W I N G F L O O R S Q F T ( N I A ) S Q M ( N I A ) S Q F T ( G I A ) S Q M ( G I A )East First 3,993 371 4,041 375
Ground 4,864 452 5,931 551Total 8,857 823 9,972 926
West First 2,576 239 2,884 268Ground 4,989 464 5,427 504Total 7,565 703 8,311 772
Reception Internal 317 29 317 29External 644 60 644 60Total 961 89 961 89
Total 17,383 1,615 19,244 1,787
C O N T A C TF U R T H E R I N F O R M A T I O NT E N U R EThe property is held Freehold. L I S T E D S T A T U SPart Grade II Listed. P L A N N I N G P E R M I S S I O NDetails held in the data room. V A TApplicable. L O C A L A U T H O R I T YThe London Borough of Hackney. O I E OThe Freeholder is seeking offers in excess of £13,450,000.00.
For further information or to arrange a viewing please contact the sole letting agents:
Shaun Simons 020 7871 7422 [email protected]
Alexander Howarth 020 7871 7430 [email protected]
Colliers International give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. March 2020.
Designed & Produced by Cre8te – 020 3468 5760 – cre8te.london
1 0 / F U R T H E R I N F O R M A T I O N S H O R E D I T C H S T A B L E S