Property photos
Offers over
£6,500,000
(£542.07/sq. ft)
Office for sale
Primrose Hill Business Centre, 110 Gloucester Avenue, Primrose Hill NW1Local area information
Property location
Nearby amenities
- Primrose Hill School 0.2 miles
- Haverstock School 0.2 miles
- Chalk Farm 0.2 miles
- Kentish Town West 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Primrose Hill, Chalk Farm and Regent's Park to find out more about the local area.
Features and description
- Freehold
- Two adjoining buildings set around A courtyard
- Running as A business centre
- Current gross income £375,000
- Opportunity to improve rents in the short term by upgrading
- Existing planning implemented for A rear extension of 3,660 sq ft
- Vacant possession on 3 months notice
- Estimated Rates Payable: £89932.5
Originally built as a dairy and described as the first serviced office in the UK, the property comprises two interconnecting buildings set around a courtyard with ramped access from the street. To be sold as a whole, the property comprises a double fronted building on Gloucester Avenue, set over Lower Ground, Ground & 3 upper floors. Each floor is arranged as 4-6 rooms around a central core with toilets, showers & kitchen. The rear mews building originally built as a warehouse is built over 2.5 floors and extends beyond the adjoining building providing larger floor plates. Access to the buildings is from a central courtyard through large stable doors.
Planning permission was granted for a 3rd floor extension of 340 sq m (3,660 sq ft) on the rear building to which a material start has been made.
The rear building would make a fantastic warehouse style office if done correctly.
The buildings currently runs as a business centre with 35 rooms of different sizes together with reception, meeting room, managers office, stores & a workshop. The licences can be terminated on 3 month's notice but provide income while a purchaser prepares their own plans. There is scope to upgrade individual rooms & the common areas and improve the income.
Location
Primrose Hill is one of London's most affluent area and retains its appeal as a Village environment. The building is located on Gloucester Avenue close to its junction with Regents Park Road in the heart of Primrose Hill.
The building is a 4 minute walk over the Iron Bridge to Chalk Farm Underground and just two minutes to the shops, cafes & restaurants.
Floor plans and tours
Floor plans (7)
7 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Bruce Commercial
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