September 2013 London/Hereford – Boultbee has acquired 60-72 Ironmonger Row, London, EC21V. This mixed-use building was purchased for £6.8 million and comprises 9,595 sq ft of office space and 5,513 sq ft of residential space.
The building features high ceilings, exposed brickwork and excellent natural light, which adds to its residential appeal. It also includes a number of parking spaces, a two person lift and is eligible for the area’s 1.5 Gbps broadband service. The broadband service will enhance the building’s status as an office location for one of East London’s many creatives companies and start-ups.
The building is currently 100% occupied with two commercial tenants and four residential with options for lease renewals and extensions from March 2014. Ironmonger Row is a short walk from the iconic “Silicon Roundabout” at Old Street and is adjacent to the area’s three parks. The property is also ideally located to benefit from the Government’s planned £50m regeneration of the Old Street roundabout area.
BBRE managing director Clive Boultbee Brooks said:
“Ironmonger Row is a property ideally suited to London’s thriving technology community. Situated in an area famous traditionally for fashion and art, and more recently for its innovative business, this space offers the diversity required by young professionals in their residences and workplace.”
For more information contact:
Boultbee Brooks Real Estate
+44(0) 20 73498454
+44(0) 20 7404 5959