3,630 Sq Ft Islington Letting

12th August 2014

Richard Susskind & Company Retail & Leisure department are delighted to announce that we have let the old Citroen garage at 133B Upper Street, N1 to Meatailer Ltd comprising a total of 3,630 sq ft. There is an abundance of strong retail and restaurant operators close by so Meatailer Ltd should be right at home here!

Meatailer Ltd started off its burger concept as Meatwagon in 2009 when one of its owners, Yianni Papoutsis, bought an old van and toured London’s car parks to serve street food to customers who’d heard about his idea through Twitter. Papoutsis first experienced cooking burgers for the public whilst working as a volunteer at Burning Man.

Further to the success of Papoutsis’ idea, he joined up with Scott Collins, who he met in a car park in Peckham in 2010, to create Meateasy in an abandoned pub in New Cross in January 2011. This restaurant stayed open for four months before both Papoutsis and Collins opened their first permanent site in November 2011 near Oxford Circus.

MeatLiquor, a burger and bar operation, opened in a site near Oxford Circus, London and also has units in York Place, Brighton, and Bank Street, Leeds. The sister site, MeatMarket, launched in Covent Garden’s Jubilee Hall in April 2012 complete with a takeaway option. Meatailer Ltd also has a Wishbone unit in Market Row, Brixton, and a MeatMission in Hoxton.

Situated in the heart of Islington they are in a fantastic location and we hope that Meatailer Ltd feel at home here. Richard Susskind & Company acted for the Landlord.

IMG_7646Burger2Inside Meatliquor

 

 

The Islington Portfolio – Upper Street, Camden Passage and Charlton Place, N1

9th July 2014

We have been instructed to market the above Freehold Investment. In summary, the opportunity provides the following:

  • Prominently located in the heart of one of London’s most vibrant and attractive neighbourhoods.
  • A rare opportunity to acquire a mixed-use portfolio comprising 14 properties.
  • Freehold.
  • Total accommodation of 20,552 sq ft comprising:

-10,792 sq ft of retail space

-5,757 sq ft of office space

-4,003 sq ft of residential space

  • Significant scope to develop and improve retail, residential and office accommodation. Potential exists to convert the existing office units to residential accommodation subject to planning.
  • Potential opportunity to take advantage of recent and ongoing rental growth.
  • Total current rent of £806,278 per annum.
  • Total ERV of £988,786 per annum.

We are seeking offers for the freehold interest. The closing date for written offers is 5pm 25th July 2014.

Should you require any further information or wish to arrange an inspection of the property please do not hesitate to contact Richard Susskind & Company (Richard Susskind, Jonathan Franks, Ashley Goodman or Dan Cohen) on 020 7831 8311 or our joint sole agents Michael Elliott (Mark Shipman, Nathan Sugar or Nick Steele) on 0207 493 8184.

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SUNCOURT HOUSE, 18-26 ESSEX ROAD, ANGEL N1

12th June 2014

On behalf of Derwent London, a contemporary 4,069 sq ft industrial style office refurbishment centrally located in vibrant Angel. The re-modelled third floor of Suncourt House provides a modern and flexible working environment, featuring openable windows, a bespoke lighting solution and galvanised wall and ceiling mounted air conditioning units.

Amenities include:

-Bespoke re-modelled reception

-Feature entrance door with security and 24 hour access

-Access controlled refurbished office floor

-Openable double-glazed windows providing (read more…) natural ventilation

-New raised metal tile access flooring

-Galvanised wall and ceiling mounted fan coil units providing controlled heating and cooling

-Suspended lighting installation

-2.9m floor to ceiling height

-New demised “super loos”

Outgoings:

Rent: £45.00 per Sq Ft

Rates: £11.15 per Sq Ft

Service Charge: £8.19 per Sq Ft

Please visit the buildings website www.suncourthousen1.co.uk for further information or contact Richard Susskind & Company (02078318311) or Hatton Real Estate (02071012020).

BuildingInside

6,500 Sq Ft Shoreditch Pre-Letting

5th June 2014

Richard Susskind & Company are delighted to announce the pre-letting of the First Floor at 31 Old Nichol Street to Visual DNA.

This contemporary building benefits from being in the heart of one of Shoreditch’s most sought after quarters. With windows overlooking Redchurch Street at the corner of Ebor Street, the property rubs shoulders with the likes of Albion, Shoreditch House and Dishoom.

The office now offers new comfort cooling, hanging lighting, new raised floors, a self-contained entrance from Old Nichol Street, excellent ceiling height, industrial style finishes and new WC’s. Following a substantial redevelopment courtesy of Quinn Architects  we were able to achieve a rent way in excess of our clients’ expectations.

Visual DNA use a patented technology creates accurate personality profiles which are driven by the science of altering big data from millions of opt-in visual personality quizzes into audience profiles. The data is then compared to the data collected through their global network of publisher partners of which they then identify internet users with similar personalities. This enables Visual DNA to create scalable segments that power targeted online advertising.

Situated in a prime Shoreditch location, with fantastic branding opportunities onto Redchurch Street, they are in a fantastic location and we hope that Visual DNA feel right at home in their new office.

Richard Susskind & Company and CF Commercial acted for the Landlord. Pilcher Hershman acted for Visual DNA.

Building Front

A New Shoreditch Stomping Ground For Sneakersnstuff!

27th May 2014

Richard Susskind & Company Retail & Leisure department are delighted to announce that we have let 107 – 108 Shoreditch High Street, E1, to Sneakersnstuff comprising a total of 4,000 sq ft over ground and lower ground floors.

Sneakersnstuff, a Swedish company, opened back in 1999 in Stockholm and became a great trademark for sneaker lovers. Their assortment of classics such as Converse Chuck Taylor’s, adidas Stan Smith’s, Puma Suedes, New Balance 577′s, Nike Air Force 1′s and Air Max 1′s has lead them to a great success. Due to their great success and creations, they were able to open up a second location six years later in Malmo and are now opening up a third in London whilst celebrating their 15th anniversary.

Situated in the heart of Shoreditch they are in a fantastic location and we hope that Sneakersnstuff feel at home in their new store. Richard Susskind & Company acted for the Landlord.

SneakernstuffSneakers

What A Week In Clerkenwell!

23rd May 2014

The Clerkenwell Design Week is over but what a fantastic week it has been! We have seen a variety of different exhibitors such as And Then DesignFoscariniBedontNomique and many more.  We went to the Design Factory at The Farmiloe Building on St John Street and thoroughly enjoyed seeing leading furniture, lighting and product design from around the world. The vibrant colours used with classic office furniture really caught a lot of attention!

There has been a clear buzz throughout the festival with the range of different interests which have gathered people from the surrounding areas of Clerkenwell. Each year Clerkenwell Design Week is a great success and we are very much looking forward to see what next year brings!

IMG_7724 IMG_7727 IMG_7728 IMG_7730IMG_7713 2

 

 

Freehold Investment Sale – 6 John Street, London WC1

21st May 2014

Richard Susskind & Company have been instructed to market the above investment. In summary, the opportunity provides the following:

  • Georgian-style building in a prime Midtown location.
  • 11,830 sq ft, 1,099 sq m (GIA) over LG, G and 4 upper floors.
  • Passenger lift (LG – 3rd floor).
  • Car parking at the rear for 5/6 vehicles.
  • Freehold
  • Planning permission has been granted (subject to a 106 Agreement) for the construction of a four bedroom house of 5,435 sq ft, 505 sq m (GIA) accessed via King’s Mews, occupying the current car park and part of the ground and lower ground floors.
  • The property is not listed but is in a conservation area.
  • B1 (Business)
  • The building has not been elected for VAT
  • We are seeking offers in excess of £7.95 million for the freehold interest with vacant possession. This provides a low capital value of £672 per sq ft (GIA).

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.

Clerkenwell Design Week

20th May 2014

Its that time of year when Clerkenwell opens its doors to the world. Clerkenwell Design Week is the UK’s leading independent design festival which annually attracts the international design community. This is due in no small part to Clerkenwell having more creative businesses and architects per square mile than anywhere else which makes it one of the most important design hubs in the world! From the 20th to the 22nd of May, Clerkenwell Design Week will showcase leading UK and international brands and companies in a series of showroom events, pop-up exhibitions and special installations that take place across the area.

Freehold Investment Sale – 91 Goswell Road, Clerkenwell, EC1

12th May 2014

Richard Susskind & Company have been instructed to market the above investment. In summary, the opportunity provides the following:

- Freehold
- Prime Clerkenwell location with its renowned fashion, media and technology occupiers, within close walking distance to both Farringdon and Barbican Stations
- Providing 17,117 sq ft approx of high quality office/showroom accommodation
- Arranged over basement, ground and 5 upper floors let to 4 tenants including Knoll International Ltd
- Substantial refurbishment in 2009 with a number of architecturally designed features throughout
- Opportunity to increase existing floor area by approx 2,118 sq ft NIA, by extending to the rear of the property, subject to planning
- Next rent review in September 2014 with market evidence to support ERV of £45.00 per sq ft
- Further opportunity to add value through active asset management
- Current passing rent is £662,879 per annum exclusive of all other outgoings

We are seeking offers for the freehold interest in excess of £12,000,000, exclusive of VAT and subject to contract. A price at this level reflects a net initial yield of 5.22% assuming purchaser’s costs of 5.8% and a capital value of £701 per sq ft.

Should you require any further information or wish to arrange an inspection of the property please do not hesitate to contact Ashley Goodman or Dan Cohen on 020 7831 8311.

Record Breaking Rent – Haywards Place, EC1

4th April 2014

Richard Susskind & Company are delighted to announce that we have now let the 2nd Floor of 17-18 Haywards Place at a record breaking rent!

Following a full refurbishment we attracted strong interest from a number of parties. Such was the quality of the building works, we were able to achieve a rent of £51.15 psf, a record for the building. Kinosis, a tenant who we placed in the building last year, have been growing at a rapid rate. As such they took the 2nd floor in addition to their existing office.

Kinosis are the creators of Touch Surgery, a mobile surgical training platform with over 100,000 downloads and a worldwide audience.

We were brought in to advise on and oversee a dramatic refurbishment of the property in 2013 with the works on the 2nd floor having just completed. This stunning Clerkenwell building now benefits from new reception, new bicycle storage and a drastically improved garden. The offices have new hanging lighting, new air conditioning, exposed brickwork and new WC’s.

We wish Kinosis a huge amount of success in their extra office space!

Richard Susskind acted jointly with Egan Asset Management for a private client.