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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 – 2,176 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.
  • The total proposed NIA of the commercial element is 1,157 sq ft (107.5 sq m).
  • The total proposed NIA of the residential element is 2,342 sq ft (217.6 sq m).
  • The total proposed NIA for the full scheme is 3,498 sq ft (325.1 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 £50 per sq ft.
  • Financial contributions under CIL and S106 to be confirmed.
  • Freehold.
  • The property is not registered for VAT.
  • Guide Price - £1,750,000 (One Million, Seven Hundred & Fifty Thousand Pounds) subject to contract.
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