We are delighted to announce the freehold sale of Angel House, 338 Goswell Road, EC1. This former tobacco warehouse, which measures approximately 45,808 sq ft was sold to Workspace. Our clients Gascoyne Holdings and Bolton Group achieved a price of £34,200,000 which reflects a net initial yield of 3.67%.
Angel House is a grand warehouse building, typical of the location, and has a wide range of tenants in situ. The top three floors were recently refurbished as part of our letting campaign with our joint agents Allsop. These recent lettings meant that Gocardless, Schawk, Wayfair and Joss & Main now call the building home.
Gocardless, founded in 2011, is one of Europe’s leading Direct Debit providers. They make it easy to accept recurring payments online and are backed by some of the world’s leading investors including Accel Partners, Balderton Capital and Y Combinator.
Schawk, founded in 1953, enhance consumer desire and make brands more profitable by efficiently delivering consistent brand experiences.
Wayfair is one the most successful online destinations for all things home. Joss & Main are part of the Wayfair group and provide an online members-only retail experience that offers limited time sales on some of the world’s best brands for the home.
The refurbishment to the office floor provides a high quality open plan working environment which is perfectly suited to the creative, financial and professional sectors. The unit is within walking distance of Farringdon and City Thameslink Stations, as well as Chancery Lane and St Paul’s tube stations.
We would be delighted to come and talk to you about the competitive service we can offer. For more info please get in touch with Richard on 020 7831 8311.
GetBynder Ltd, a marketing resource management company, and Blueglass Ltd, a digital marketing agency, are the two newest tenants following on from our recent lettings. Leather Lane has recently become one of Central London’s most popular destinations for street food. It includes a variety of new food stalls such as Grill My Cheese, Chick, Boom Burger & many more.
The unit is newly refurbished, has a new wooden floor, new modern suspended lighting, new air conditioning, bike storage, new male & female WC’s and a refurbished reception area.
Richard Susskind & Company Retail & Leisure department are delighted to announce that we have acted again on behalf of Street Feast. We have secured the carpark at the Hamilton Buildings on Great Eastern Street, Shoreditch, London comprising an approximate area of 1,153 square metres.
Street Feast have been breathing a new life into local communities since May 2012 by helping launch dozens of small businesses and transforming the lives of many street food traders. These include Rotary Bar, Gin Store, Whisky Bar, Tequila Tree House, Rum Shack, Frontier Bar, Street Vin, Kozel Beer Truck, Kamm Shed, Winyl, Smokestak, 20 Traders, B.O.B.’s Lobster, Bleecker Street, Breddos, Kimchinary, Mama’s Jerk, Rola Wala, Slider Bar, You Doughnut!, Yum Bun and more!
They have revived London‘s abandoned car parks, builders’ yards, warehouses, power stations and a 1950s market to create a fresh way of eating, drinking and hanging out. They currently have Model Market in Lewisham, Dalston Yard in Dalston and Hawker House in Hackney.
They are opening a ‘Dinerama’ which will take place in Shoreditch Yard, the second largest licensed venue in Hackney. The venue will hold 1,100 people with six permanent diners, six food shacks and six concept bars and will be open five days a week compared to the other Street Feasts which are only open at weekends.
Situated in the heart of Shoreditch they are in a fantastic location and we hope that Street Feast feel at home here. Richard Susskind & Company acted for Street Feast and Allsop acted for the Landlord, City of London.
If his name sounds familiar then it’s because he was the Chef Director at Polpo, who along with Russell Norman set up the original Polpo in Soho. Tom Oldroyd has been chef director at the Venetian small plate chain – which will shortly open its sixth branch in Chelsea.
He has now left the company to focus on the launch of his own venture, which will be called Oldroyd Ltd and will launch at 344 Upper Street in June. As fans of the Polpo group we’re pretty excited to hear he’s going solo.
The 40 cover restaurant will feature a no-reservation café downstairs and upstairs you’ll find bistro style dining which will take bookings.
The menu will change daily focusing on locally sourced British produce with inspiration taken from Tom’s travels throughout Europe and the US. So expect to find smaller plates such as confit mustard duck wings, pea and pork jowl croquette with summer truffle mayonnaise, larger plates including Cornish chorizo, prawn & broad bean paella, with cockles and aioli. Those after something a bit lighter for summer can tuck into Grilled peach, Dorset coppa and perroche or if you want to stick to something meatier then get your hands on porchetta rolls with stuffing, crackling and pickled fennel.
Come the weekend there’ll be brunch dishes alongside the main menu. So if you’re a little hungover or simply want to while away the hours, you can get stuck into bacon and egg pappardelle and waffle iron rosti with smoked salmon served with soured cream – all washed down with Bloody Marys of course…unless you’re really suffering and then you can have a cold-pressed juice.
Richard Susskind & Company Retail & Leisure department are delighted to announce that we have let 28 Hatton Wall, EC1, to The Lion and The Fox comprising a total of 1,597 sq ft over ground and lower ground floors.
The Lion and The Fox, established in 2015 by hair stylist Tim Pateman and photographer Leo Cackett, is a Salon & Gallery which uses all-natural Davines products to deliver the highest standard within their relaxed yet professional atmosphere and are currently offering a 25% discount for first visits (excluding Colour Treatments) at the moment.
Situated in the heart of Farringdon they are in a fantastic location and we hope that The Lion and The Fox feel at home in their new salon. Richard Susskind & Company acted for the Landlord, Boultbee Brooks.
Richard Susskind & Company have been instructed to market the above virtual Freehold. In summary, the opportunity provides the following:
– Occupying a prominent position on the corner of Prescot Street and Leman Street
– Virtual Freehold
– Sought after location popular with professional, technology and creative occupiers
– Total accommodation of 5,289 sq ft at raised ground floor level
– Vacant possession as of 27th August 2015
– Local evidence to support rents in excess of £40 psf
– Rapidly changing location with numerous mixed-use schemes being built in the vicinity
– Suitable for a range of purchasers including owner occupiers and investors
– Asset management opportunity to enhance value by refurbishing premises
Offers are invited in excess of £3m, subject to contract for the virtual Freehold interest. Should you require any further information or wish to arrange an inspection of the property please do not hesitate to contact Jonathan Franks or Dan Cohen on 020 7831 8311.