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Leather Lane & Baldwin’s Gardens, Hatton Garden, London EC1N

A VACANT COMMERCIAL BUILDING WITH PLANNING FOR A MIXED USE DEVELOPMENT
For sale
  • A prime location on Leather Lane situated only 0.2 miles from Chancery Lane Underground Station (Central Line) and 0.3 miles from Farringdon Station (Crossrail, National Rail, Circle, Hammersmith & City and Metropolitan Lines).
  • A vacant building formerly used as a restaurant on the ground and basement with the upper parts operating as commercial and residential. There is side access to the upper parts via Baldwin’s Gardens.
  • Current total GIA – 2,541 sq ft.
  • A resolution to grant planning consent has been granted for the conversion and extension of the building to provide a jewellery workshop on the lower ground, E-class commercial on the ground and four flats at first to fourth floors – 3 x 1 bed and 1 x 2 bed. Camden Council Ref: 2020/5897/P.
  • An additional planning consent exists for: ‘the erection of additional storey at fourth floor level, and erection of rear extension at first to fourth floors to provide additional office (Use Class B1a) and workshop floorspace on the fourth floor (Use Class B1c)’. Camden Council Ref: 2018/2839/P.
  • The total proposed NIA for the residential scheme (Ref: 2020/5897/P) is 3,372 sq ft (313.3 sq m).
  • The total proposed NIA for the commercial scheme (2018/2839/P) is 3,216 sq ft (298.8 sq m).
  • Residential resales in the area are in excess of £1,000 per sq ft with the commercial rents commanding in the region of £65+ per sq ft.
  • The residential financial contributions under CIL and S106 to be confirmed.
  • Freehold.
  • The property is not registered for VAT.
  • Guide Price - £1,650,000 (One Million, Six Hundred & Fifty Thousand Pounds) subject to contract.
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