• Posted 25th August 2017

Case Study 1

The property comprises a period Georgian-style building located on Hackney Road approximately 300m from Hoxton Station, close to Shoreditch High Street and Columbia Road Flower Market. The existing freehold building totals 3,743 sqft and is arranged over lower ground, ground and two upper floors. It is currently used as multiple recording studios under a B1 office consent. Planning permission has been obtained for a new 5-storey building arranged over basement, ground and three upper floors including a reconstructed front facade to accommodate 5 apartments with a GIA of 4,960 sqft and offices totalling 5,296 sq ft. There may be potential to enhance the planning further by reconfiguring the five residential flats to create up to eight/nine units which may prove easier to sell and generate further value.