259 Goswell Road, London, EC1V 7AH

Description
259-279 Goswell Road is a recent development that ranges from 2 - 6 stories with basement space. The development comprises 60 flats and commerical floors over the ground and basement level. The subject property; Ground & Basement - 259 Goswell Road is currently the home of The Urdang Academy – a pre-vocational and professional training centre in the performing arts, formed in 1970 by Leonie Urdang, her revolutionary ethos aimed to promote individuality and diversity within the performing arts industry and is now recognised as one of the finest performing arts colleges in the United Kingdom. Presented to the market as their former Headquarters, this is an exceptionally rare opportunity to acquire FOR LEASE/SALE a fully self-contained and significant building with an arsenal of spectacular state-of-the-art features.

This exceptional piece of real estate enjoys a stylish and modern façade along with a commanding position on Goswell Road, the building benefits from a smart reception space with large central walkways that lead to several supremely fitted rooms of varying sizes currently arranged as dance studios – the ground floor also contains office space and meeting room facilities.

Benefiting from a substantial programme of holistically designed internal upgrades, this property is available to the market for a wide range of uses. The Landlords have dedicated significant resources to creating a free-flowing range of spaces with excellent levels of natural light in parts, air-conditioning and security features that offer a 'best-in-class' opportunity to potential occupiers.

Location
Goswell Road is a highly prominent thoroughfare located within the London Borough of Islington. The road itself reaches from the junction with Clerkenwell Road in the south to Old Street in the North. The nature of the EC1 locale is ever-changing with several large developments in the vicinity of note. There are also several large educational providers including the University of London and the Sir John Cass School highlighting the appeal of the area in this context.

Terms
Title & Tenure: The is offered FOR LEASE/SALE with Full Vacant Possession. Title Number: AGL297446

Rateable Value: We strongly advise interested parties to make their own enquiries with the local authority: (London Borough of Islington).

Method of Sale: To be confirmed. Further details will be provided in due course.

Lease Terms: To be agreed.

VAT: To be confirmed.

Proposal:-

We are instructed to seek offers in the region of £475,000 per annum (subordinate terms to be agreed). The property is also available for sale on a price-on-application basis. Each party will be responsible for their legal fees.
Viewings: The site can be viewed externally from Goswell Road. All internal viewings are by strict appointment via sole agents Winkworth Commercial.

Permitted Use
The current leaseholder successfully sought planning permission in 2013 for the ‘Change of use of part ground floor and part basement from B1 to D1 to form an educational establishment for the teaching of singing/acting and dance’. The proposals cover 1352 sqm of the building and the use proposed is specific to the Urdang Academy. Ref: P2013/1858/FUL (London Borough of Islington)

Section 8 of the Approval Notice states that – The D1 Use shall be strictly limited to the Urdang Academy as a performing arts studio and no planning permission is hereby granted for any other purposes by any other occupier within Use Class D1. On the Urdang Academy ceasing their use of the property, the use shall revert to B1.

The property, under the new legislation, will therefore revert to ‘E-Class’, on the departure of The Dang Academy from the premise, the property is therefore immediately available to an interested party requiring this classification on an unconditional basis.

However, the Landlord is making an application to the Local Authority (London Borough of Islington) for F1 non-residential provisions (formally D1), therefore the property will be made available to all interested parties requiring F1 Use on a subject-to-planning permission basis.

All related documents are available to interested parties and their representatives upon request.

Connectivity
The property is superbly located in terms of connection to the London Underground Network with Angel Station only 200m in distance, Old Steet is also close by. There are also several excellent bus routes servicing the area. The property has excellent local transport connections, this is demonstrated via a best-in-class ‘PTAL’ rating of 6B.

Bus - The nearest bus stop is Goswell Road/Hall Street (Stop UM). It is located 25 away or approximately 1-minute walking distance.
Tube - The nearest tube station is Angel. It is located 200m away or approximately 4 minutes walking distance.
Train -The nearest station is Kings Cross. It is located 0.35km away or approximately 15 minutes walking distance.
Air – Heathrow Airport is 25km away and reachable within 1 hour by car, or approx. 45 minutes via public transport.