1-7 Upper Street & 2-6 Liverpool Road, N1_Property for Sale

Upper Street 1, London, Greater London, N1 0PQ, UK

1-7 Upper Street & 2-6 Liverpool Road, N1

Asset description

Freehold
Prominent corner site directly opposite Angel Station providing unrivalled connectivity
Significant ongoing local development set to further enhance the immediate micro-location
The building totals 23,142 sq ft NIA comprised of 15,782 sq ft of office accommodation and 7,360 sq ft of retail space arranged lower ground, ground and three upper floors
1-7 Upper Street & 2-6 Liverpool Road has recently undergone a comprehensive refurbishment to provide best in class workspace with exceptional ESG credentials, including EPC A for the offices
The offices are single let to e.l.f. until July 2034 and account for 54% of the total income
91% of the total income derived from tenants with a credit rating of 5A1 and 5A2
Total contracted income of £1,831,935 per annum reflecting an overall office rent of £65.27 per sq ft
WAULT of 7.0 years to expiries and 4.2 years to breaks
Potential to undertake asset management initiatives to enhance the WAULT in the short term or explore asset break up in the longer term

Offers are invited in excess of £27,500,000, subject to contract and exclusive of VAT. An acquisition at this level reflects £929 per sq ft on the offices and 6.51% for an acquisition of the UK SPV (2.30% purchaser’s costs).

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Attributes

Tenure

Freehold

Building area net

23,142 sf

Occupancy

100%

WAULT to expiries

7 years

WAULT to breaks

4.2 years

Media

Investment highlights

1-7 Upper Street & 2-6 Liverpool Road comprises 15,782 sq ft of office accommodation and 7,360 sq ft of retail space, arranged over basement, ground, and three upper floors.

The building has recently undergone a comprehensive refurbishment to create best in class, design led workspace. 1-7 Upper Street & 2-6 Liverpool Road has been designed with sustainability in mind, with sustainable materials used during construction. The refurbishment includes new glazing throughout, energy efficient LED lighting and heat pump technology to heat and cool the building. Brand new high quality end of trip facilities have been incorporated at basement level with secure cycle storage available in the rear private courtyard. In line with modern occupier demands, the 3rd floor now benefits from a private 1,823 sq ft wraparound terrace. The building has market leading environmental credentials including an EPC rating of “A” for the offices.