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Unique Freehold Workshop / Warehouse with Development Potential - London N7

Of interest to owner occupiers, investors and developers

  • For sale
  • For sale
  • For sale
  • For sale
  • For sale
  • For sale
  • For sale
  • For sale
  • For sale

Location

The property is situated to the east of the junction of Holloway Road (A1) on the north side of Hercules Street in a busy area of Inner North London.

Public transport communications are excellent with Holloway Road London Underground Station (Piccadilly Line) being only 885m to the south. Upper Holloway London Overground Station (Gospel Oak to Barking Line) is 780m to the north. Archway London Underground Station (Northern Line) is 1.2km (0.75 miles) to the north. Highbury & Islington London Underground (Victoria & Overground Lines) and Great Northern Rail Interchange is only 1.94km (1.2 miles) to the south.

Holloway Road is a principal bus route. Buses stopping nearby include the 17, 29, 43, 91, 253, 259, 263, 271, 393, N29, N41, N91, N253 and N279. 

A notable local landmark is Arsenal's Emirates Stadium 870m to the south-east.



Property reference:27889    Updated: 10 Jul 2020


1a Hercules Street, 
LONDON N7 6AT

Guide price £1,050,000 subject to contract


Features

  • Late Victorian freehold with vacant possession
  • Existing built space with a gross internal area of 338.95 sq.m (3,649 sq.ft)
  • 0.086 acre site with significant development and further site assembly potential
  • Alternative use and redevelopment potential STPP
  • Highly desirable North London location
  • Excellent transport communications
  • A1 Holloway Road: c.35m
  • Holloway Road London Underground Station (Piccadilly Line): c.885m
  • Upper Holloway London Overground Station (Gospel Oak to Barking Line): c.780m
  • Archway London Underground Station (Northern Line): c.1.2km (0.75 miles)
  • Highbury & Islington London Underground and Rail Station c.1.94km (1.2 miles)

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The property comprises a unique single storey brick built workshop / warehouse, probably dating from the late Victorian Period and separate WC block & storage room with a gross internal area of circa 333.5 square metres (3,585 square feet) and occupying a site of approximately 0.086 acres. 

The property is accessed via an undercroft access through a secure gate off of Hercules Street. There are rights of way over the accessway and courtyard area (highlighted blue on the OS plan available to download from our website) located between the two separate parts of the title, also shown on the OS plan.

Apart from the development potential that could be realised by exploring possible reconfiguration of the existing space and alternative uses, there may be potential for complete redevelopment of the site, subject to the necessary planning consents.

Viewings

By prior appointment with Gilmartin Ley, telephone 020 8882 0111.

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Accommodation

Main Building 324.08 sq.m. / 3488 sq.ft.

WC Block / Store 14.87 sq.m. / 160 sq.ft.

Site Area 348.03 sq.m. / 3746 sq.ft.

Gross internal area 338.95 sq.m. /3648 sq.ft. 

Terms: Freehold for sale with vacant possession

Service charge: N/A

Local authority: London Borough of Islington