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30 Bastwick St

5,108 SF Light Industrial Unit Offered at £4,600,000 in London EC1V 3PS

Investment Highlights

  • Purchase prime London real estate at Islington's dynamic tech quarter with planning approvals for the construction of a four-storey office block.
  • With the average area office commercial value reaching up to £894 per square foot, the site offers an exceptional investment opportunity.
  • Secure this valuable asset and enjoy excellent connectivity to both the national motorway network and London city centre.
  • Find unrivalled commuting options with various Underground and National Rail stations nearby and a selection of bus routes servicing the area.

Executive Summary

Located in the heart of Islington in a prime London location, 30-36 Bastwick Street comprises a spacious warehouse/storage unit licensed for B1/B8 use. Available for sale, the unit presents the unique chance to secure a valuable asset in a thriving business district. Situated in a highly sought-after area, this property's strategic location has placed the unit amongst thriving businesses, commercial enterprises, and excellent transportation links. Enjoy streamlined planning with approvals already secured for the construction of a four-storey office block development, streamlining the planning process. The site offers 16,667 square feet of permitted development land boasting excellent development potential, with the 'Average Area Residential Value' secured at £980 per square foot and the average area office commercial value standing at £894 per square foot. Appealing to a wide range of businesses, the area is the go-to destination for startups, entrepreneurs, and tech professionals, making it an ideal address for businesses that thrive on cutting-edge advancements. Situated in Islington's dynamic tech quarter, the unit occupies a prominent position fronting Bastwick Road, which connects Central Street to Goswell Road. From here, occupiers can easily access the City of London, a short drive south of the site via the A1. Find one of the main arterial roads, the A501, also a short distance north, offering convenient road access across North London. This highly connected destination is also well served by local bus routes with various bus stops within close proximity, alongside access to both the Underground and National Rail networks with various stations nearby. This spacious, rarely available accommodation enjoys excellent redevelopment potential and presents an exceptional freehold investment opportunity ideally situated in the heart of Islington. Please contact the agent for more information and planning details.

Property Facts

Price £4,600,000
Unit Size 5,108 SF
No. Units 1
Total Building Size 5,388 SF
Property Type Light Industrial (Unit)
Property Subtype Light Manufacturing
Sale Type Investment
Building Class C
Number of Floors 1
Typical Floor Size 5,108 SF
Year Built 1930
Lot Size 0.38 AC
Sale Conditions Development Sale

1 Unit Available

Unit 30

Unit Size 5,108 SF
Price £4,600,000
Price Per SF £900.55
Unit Use Light Industrial
Sale Type Investment
Tenure Freehold
Sale Conditions Development Sale
Description

Comprising a substantial warehouse/storage unit currently licensed for B1/B8 use, with alternative uses subject to approvals. The unit presents a 5,108-square-foot unit benefitting from two roller shutter doors and dedicated office accommodation for up to eight people.

Sale Notes

Enjoy a streamlined planning process with consent already gained for the construction of a four-storey office block. Please contact the agents for more information.

Amenities

  • EPC - D

Utilities

  • Lighting
  • Water
  • Sewer
  • Listing ID: 31080000

  • Date on Market: 29/02/2024

  • Last Updated:

  • Address: 30 Bastwick St, London EC1V 3PS

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