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Unit 11, Beaux Arts Building, Manor Gardens, Holloway, London N7 6JT

Guide Price
£750,000
Savills Auctions, London
PROPERTY TYPE

Office

SIZE

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Key features

  • To be offered on Tuesday 23 July
  • Of interest to investors and developers
  • A long head leasehold (250 years) reversionary investment secured upon part of the ground floor and basement portions of this landmark building
  • Currently arranged as community and ancillary accommodation
  • Single sub-lease expiring 2027 (but subject to any rights to renew under the Landlord and Tenant Act 1954)
  • Arranged in five parts, the majority sub-under-leased to charities in occupation
  • Total approximate gross internal floor area (GIA) 598 sq m (6,427 sq ft)
  • Potential upon reversion for conversion to residential apartments (subject to possession and requisite consents) or to receive occupational income from existing accommodation
  • We are informed by the vendor that the total current rents payable by all sub-under-lessees to the under-lessee are in excess of £136,000 per annum (see schedule)

Description

StrapLine

Auction Sale - 23/07/2024

Of interest to investors and developers - A reversionary charity investment with potential for residential development (subject to the requisite consents)


Description

The Beaux Arts Building is a handsome former office building which was completed in 1911 and built to house the GPO Money Order Office. The building was converted to flats in the 1990’s and a penthouse storey added.


The property comprises part of the ground floor of the building at its eastern extremity along with a lower ground floor conference room. Internally the accommodation has been divided into separately occupied spaces, some of which have in turn been sub-divided to provide consulting rooms, offices and reception areas. Windows from the eastern elevation overlook a courtyard.


The main entrance to the subject property is at the eastern end of the building directly from Manor Gardens. There is disabled ramp access from the street.


There is a separate main entrance from Manor Gardens exclusively serving the apartments which leads to an impressive entrance lobby.


Location

Manor Gardens is located off the east side of Holloway Road to the south of Archway Road and to the north of Seven Sisters Road. The area offers an excellent range of amenities including supermarkets, restaurants, pubs and bars. Open spaces are provided by Whittington Park, Tufnell Park Fields and Highbury Fields. Hampstead Heath and Highgate Woods are also easily accessible. The Emirates Stadium (home to Arsenal FC) is around a mile to the south.


Transport

The location has excellent connectivity with nearby Underground Stations including Holloway Road (Piccadilly Line) and Finsbury Park (Piccadilly and Victoria Lines), as well as National Rail services from Finsbury Park and Upper Holloway Overground.


Unit 11, Beaux Arts Building, Manor Gardens, Holloway, London N7 6JT

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Upper Holloway Station0.4 miles
  • Holloway Road Station0.6 miles
  • Arsenal Station0.7 miles
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About the agent

Savills Auctions, London

33 Margaret Street London W1G 0JD

Savills Auctions, London

Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.

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Notes

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Disclaimer - Property reference 153-11884. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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