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Wenlock Works Shepherdess Walk

127,829 SF 92% Leased 5-Star Office Building London N1 7BP $129,221,441 ($1,011/SF) 7.50% Cap Rate

Investment Highlights

  • London is now the Tech Capital of the World, with an ecosystem worth in excess of £500 billion
  • Extensively redesigned by Buckley Grey Yeoman, Wenlock Works was redeveloped in 2020 to create best in class office space.
  • A short walk from Shoreditch and the eclectic mix of retail and leisure amenity available for occupiers and visitors alike

Executive Summary

Offers are invited for the freehold interest in excess of £104,000,000, which reflects a net initial yield of 7.50% (assuming full purchasers
costs of 6.80%) and a capital value of £808 per sq ft (Subject to Contract and exclusive of VAT).

Attachments

Sales Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
127,829 SF
Building Class
A
LoopNet Rating
5 Star
Year Built
2019
Price
$129,221,441
Price Per SF
$1,011
Cap Rate
7.50%
NOI
$9,691,608
Percent Leased
92%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
18,261 SF
Building FAR
4.73
Lot Size
0.62 AC

Amenities

  • 24 Hour Access
  • Atrium
  • Raised Floor
  • Kitchen
  • Reception
  • Basement
  • Bicycle Storage
  • Central Heating
  • Common Parts WC Facilities
  • Demised WC facilities
  • High Ceilings
  • Direct Elevator Exposure
  • Natural Light
  • Reception
  • Recessed Lighting
  • Secure Storage
  • Shower Facilities
  • Wi-Fi
  • Air Conditioning
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Lower Level-Ste 2
  • 3,310 SF
  • Office
  • Partial Build-Out
  • Now

Wenlock Works cleverly reinterprets the warehouses of Old Street’s industrial heyday to inspire new ways of thinking and working for its community of visionaries today. Throughout the building, high quality, timeless materials have been used in interesting and innovative ways. Dark, coal-fired brick reminiscent of Victorian warehousing cloaks the façade’s lower floors, while the vast factory-style steel windows flood the high-ceilinged spaces with abundant natural light. Much more than contemporary office space, Wenlock Works is a home for the new generation of innovators shaping the global cultural and digital landscape.

  • Ground-Ste 2
  • 7,442 SF
  • Office
  • Partial Build-Out
  • Now

Wenlock Works cleverly reinterprets the warehouses of Old Street’s industrial heyday to inspire new ways of thinking and working for its community of visionaries today. Throughout the building, high quality, timeless materials have been used in interesting and innovative ways. Dark, coal-fired brick reminiscent of Victorian warehousing cloaks the façade’s lower floors, while the vast factory-style steel windows flood the high-ceilinged spaces with abundant natural light. Much more than contemporary office space, Wenlock Works is a home for the new generation of innovators shaping the global cultural and digital landscape.

Space Size Space Use Condition Available
Lower Level-Ste 2 3,310 SF Office Partial Build-Out Now
Ground-Ste 2 7,442 SF Office Partial Build-Out Now

Lower Level-Ste 2

Size
3,310 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

Ground-Ste 2

Size
7,442 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

Lower Level-Ste 2

Size 3,310 SF
Space Use Office
Condition Partial Build-Out
Available Now

Wenlock Works cleverly reinterprets the warehouses of Old Street’s industrial heyday to inspire new ways of thinking and working for its community of visionaries today. Throughout the building, high quality, timeless materials have been used in interesting and innovative ways. Dark, coal-fired brick reminiscent of Victorian warehousing cloaks the façade’s lower floors, while the vast factory-style steel windows flood the high-ceilinged spaces with abundant natural light. Much more than contemporary office space, Wenlock Works is a home for the new generation of innovators shaping the global cultural and digital landscape.

Ground-Ste 2

Size 7,442 SF
Space Use Office
Condition Partial Build-Out
Available Now

Wenlock Works cleverly reinterprets the warehouses of Old Street’s industrial heyday to inspire new ways of thinking and working for its community of visionaries today. Throughout the building, high quality, timeless materials have been used in interesting and innovative ways. Dark, coal-fired brick reminiscent of Victorian warehousing cloaks the façade’s lower floors, while the vast factory-style steel windows flood the high-ceilinged spaces with abundant natural light. Much more than contemporary office space, Wenlock Works is a home for the new generation of innovators shaping the global cultural and digital landscape.

  • Listing ID: 33360470

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: Shepherdess Walk, London N1 7BP

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