0 Bed Office For Sale

Description
Cosmopolitan House is a modern mixed-use building with prominent ground floor frontage onto Phipp Street.

The self-contained ground and lower ground floors provide fitted workspace with good natural daylight and a small (c. 300 sq. ft.) decked terrace.

Part of the ground floor, and lower ground floor benefit from their own entrances, making them easy to let or sub-let separately.

Location
Situated on Phipp Street which is a quiet street in the heart of Shoreditch where there is a huge selection of cafes, bars, restaurants and hotels on the doorstep. Mark Street Gardens and Hoxton Square are also nearby, providing green space options for the workforce to enjoy.

Transport
Shoreditch High Street (Overground)
Liverpool Street (Central, Circle, Hammersmith & City and Metropolitan lines, Overground and National Rail)
Old Street (Northern line and National Rail)

Highlights
• Self-contained space
• Reception area
• Fitted accommodation
• Modern lighting
• Concrete, timber and carpeted floors
• Air conditioning and air handling
• Exposed services
• 3 x kitchenettes
• 8 person passenger lift
• 7 x WCs & Shower facilities
• Security shutters and alarms
• Fibre connectivity
• Shared cycle storage

Approximate Floor Areas
GIA:
Ground - 5,392 sq. ft.
L. Ground - 5,262 sq. ft.
Total - 10,654 sq. ft.

NIA:
Ground - 4,370 sq. ft.
L. Ground - 3,929 sq. ft.
Total - 8,299 sq. ft.

Use Class
Office falling within Class E

Tenure
Long leasehold for a term of 999 years from 16 December 2009, circa 983 years remaining.

Part of the Ground Floor is let until 11/04/2026, further information available upon request.

Purchase Price
£2,950,000

£277 psf (GIA)

£355 psf (NIA)

Ground Rent
Peppercorn, if demanded.

Service Charge
We understand that service charge payable to year end 28/02/2026 equates to:

£42,366.76 per annum

£5.10 per sq. ft.

Business Rates
The property currently has four assessments:

Part Ground:
Rateable Value: £106,000 per annum
Payable: £58,830 per annum

Part Ground:
Rateable Value: £40,750 per annum
Payable: £20,035 per annum

Part L. Ground:
Rateable Value: £38,500 per annum
Payable: £19,212 per annum

Part L. Ground:
Rateable Value: £26,500 per annum
Payable: £12,224 per annum

Interested parties are expected to satisfy themselves as to the accuracy of these figures, either via London Borough of Hackney or VOA.

EPC
The property has an EPC rating of C – 63.

Measured Survey & Floor Plans
Available upon request.

VAT
The property is elected for VAT.