Richard Susskind & Company are delighted to announce the sale of 20 Hoxton Square, N1, to Gold Section Homes LLP. RS&Co acted on behalf of HoxDev Ltd who were seeking offers in excess of £5 million for the freehold interest in the property, which has a total approximate floor area of 10,560 sq ft currently arranged over 5 floors.
20 Hoxton Square is situated in the heart of Shoreditch, close by to both Old Street and Liverpool Street stations. Over the last few years Shoreditch has undergone much regeneration and is now considered one of the coolest and most fashion forward parts of London. The area has become a popular destination for businesses and visitors alike; home to shops, markets, restaurants, bars, studios and galleries. Hoxton Square certainly epitomizes the Shoreditch scene, with a series of bars and restaurants surrounding the square as well as the presence of the renowned White Cube contemporary art gallery; the site is a key landmark for visitors.
This deal is an exciting progression for Hoxton as not only is it one of the few freehold sales to have occurred in the area recently but also as we look forward to seeing Gold Section Homes commence building works to the planned mixed-use scheme. This will comprise a new high quality modern build that will stand out as a contemporary piece of architecture whilst still being sympathetic to the listed buildings adjacent to it. The scheme will provide a superb ground and lower ground floor gallery/showroom space of approximately 7,500 sq ft in addition to 6 striking apartments arranged over three floors. This addition to Hoxton Square has been carefully designed to reinforce the stylish character of Shoreditch and form a dynamic focal point to the north side of the square. We look forward to seeing the finished project, which is due to complete in September 2013.