Office FOR RENT in 197-205 City Rd, Old Street Works, Islington, Greater London

Property Description

197-205 City Rd – Old Street Works – Office Space – 38,023 sq ft – London EC1V
Old Street Works, located at 197-205 City Road, offers a versatile office building in the Northern Fringe Submarket of London. This 38,023 sq ft building is arranged over five floors, with 26,192 sq ft of office space and 11,831 sq ft of retail space. The office floors are accessible via lifts, with raised floors, air conditioning, and a range of modern amenities to cater to diverse business needs. The property is situated just a few hundred yards from Old Street Roundabout and Old Street Station, providing excellent transport connectivity.
Key Features
Total Size: 38,023 sq ft (NIA)
Available Office Space: 9,024 sq ft
Max Contiguous Space Available: 1,945 sq ft
Typical Floor Size: 5,787 sq ft
Asking Rent: £19 - £23 per sq ft (FRI)
Building Type: 3 Star Office
Floors: 5
Construction: Masonry
Building Height: 90 ft
Year Built: 1904
Tenancy: Multi-occupied
Owner Occupied: No
EPC Rating: D
Building Amenities
24-Hour Access
Reception
Accent & Recessed Lighting
Air Conditioning
Security System
Controlled Access
Skylights
Raised Floors
Smoke Detector
Leasing Details
Smallest Space Available: 1,570 sq ft
Max Contiguous Space Available: 1,945 sq ft
Vacancy: 9,024 sq ft
Leasing Spaces:
Ground Floor (Office): 1,765 sq ft
1st Floor (Office): 1,945 sq ft
1st Floor (Office): 1,872 sq ft
2nd Floor (Office): 1,570 sq ft
2nd Floor (Office): 1,872 sq ft
Building Notes
The property is arranged over six floors: ground and lower ground floors provide D1 space (non-residential institution) while the upper floors provide B1 office space.
Located in a prominent position on City Road, it is within a short walk to Old Street Station, providing access to key transport links, including the Northern Line and British Rail services.
The building offers a mix of retail and office spaces, making it a versatile option for a variety of businesses.
Sale Information
Sold Price (July 2017): £27,500,000 (£723.25 per sq ft)
Sale Type: Investment
Yield: 4.56%
Situated just a few minutes' walk from Old Street Station, Old Street Works offers excellent transport links to key London destinations, including Waterloo, London Bridge, Euston, and King's Cross, making it ideal for businesses with national and international connections. The building's proximity to Old Street Roundabout also places it at the heart of one of London's most vibrant business districts, with an abundance of local amenities.
Leasing Highlights
4-minute walk to Old Street Station
4-minute Underground ride to London Bridge
4-minute Underground ride to King's Cross
Flexible office space available for immediate occupation
For further details or to arrange a viewing, please contact FraserBond.