Waterside was originally constructed as a multi storey warehouse in the mid 19th century before evolving into a print works arranged as 4 blocks.
Regent's Canal runs behind Waterside and Unit 19 has a rear facing outlook overlooking Wenlock Basin.
The blocks are arranged around a delightful courtyard that runs to the rear and provides canal side access. The courtyard is visually appealing and has been used as a film location for Kinky Boots, among others.
City Basin is also very nearby and has witnessed recent monumental additions to the local skyline as some of the world's top architects have developed striking residential towers.
Taking advantage of the voluminous floor to ceiling height, many of the 2nd floor units have fully fitted mezzanines, including Unit 19.
This unit's specification includes exposed, vaulted timber ceiling, double volume floor to ceiling height in the main room, attractive track run light system, painted brick walls, timber floor coverings and windows to 2 elevations.
Price | £1,850,000 |
Building type | Office |
Tenure | Long leasehold |
Deal type | Investment |
Net income | £109,670 |
NIY | 5.6 |
Size (NIA) | 1,994 sq ft |
Floor | Size |
---|---|
Mezzanine |
585
|
2nd |
1,409
|
Totals |
1,994
|
* All sizes NIA
Find out more information about this building's development and technical spec.
Find out moreSituated midway between Angel (Northern Line ) and Old Street (Northern Line and mainline services). Both are an approximate 10 minutes walk
Wharf Road is conveniently located for train access both north and south London. Similarly, City Road has numerous buses running along it, providing road transport to many points in central London.
Old Street 0.5m, Essex Road 0.6m, Hoxton 0.9m
Angel 0.4m, Old Street 0.6m, Essex Road 0.6m
A long leasehold interest commencing on 25 March 1987 and expiring on 24 March 2112.
Period | 125 years |
---|---|
Start year | 1987 |
Remaining | 92 years |
Tenant | Rent (p.a.) | Start date | Expiry date | Break option |
---|---|---|---|---|
Panasonic UK | £109,670 | 18/03/2018 | 17/03/2023 | 17/03/2021 |
Panasonic UK is a research and development department of Panasonic's European operations and is underwritten with net assets of close to a billion Euros.
Tenant | Turnover | Pre-tax profit | Net current assets |
---|---|---|---|
Panasonic UK, a d...More | -£23,321,128 | £0 | £914,478,458 |
Waterside is a Grade II listed building and is within the Regents Canal Conservation Area
B1
This property has potential to convert to residential or live work space, subject to planning and freeholder consent.
This has already been carried out to a number of properties within the development.
Asset management opportunities include re-gearing the head lease lease or would suit an owner occupier looking to purchase their own piece of Old Street.
Each party to pay their own legal costs along with a 50% 50% share of any superior landlord costs.
This property is not elected for VAT.
Certificate | Available on request |
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