MapOffers in excess of
£6,000,000Office for sale
328 City Road and 7-8 Wakley Street, Islington, EC1V 7LT
Office
22364
Features and description
- Freehold
- Located within London’s established ‘tech belt’, approximately 0.2 miles from Angel Underground Station and 0.7 miles from Old Street Station
- Existing accommodation extends to approximately 22,364 sq ft (GIA) / 18,281 sq ft (NIA) across three buildings, spanning: lower ground, ground and five upper floors
- To be sold with vacant possession
- The asset benefits from four planning consents, which allow the conversion of the entire asset into 24 residential units and a ground floor self-contained E-Class commercial unit
- The consented scheme provides a total of 20,691 sq ft / 1,922.2 sq m (NSA)
Description
The site comprises three interconnected buildings of varying scale:
• 7-8 Wakley Street arranged over ground to second floors
• 328 City Road arranged over ground to fifth floors
• Central courtyard building arranged over lower ground to first floors
Location
328 City Road & 7–8 Wakley Street is strategically positioned within EC1, one of Central London’s most dynamic and well-connected submarkets, in the heart of the ‘tech belt’ spanning King’s Cross, Clerkenwell, Farringdon and Old Street.
Planning Consent
The asset benefits from four permitted development consents, which allow the conversion of entire asset into 24 residential units and a single E-Use Class commercial unit.
Wakley Street Front Building - Class MA Consent
On 11 February 2025, under application number P2024/3731/PRA, consent was granted for: “Prior approval application for change of use of floors
of existing commercial unit (Class E) to residential (Class C3) to provide 6 no. self-contained residential units.
328 City Road - Class MA Consent
On 11 February 2025, under application number P2024/3731/PRA, consent was granted for: “Prior approval application for change of use of floors
of existing commercial unit (Class E) to residential (Class C3) to provide 6 no. self-contained residential units.”
Wakley Street Front Building - Class AB Consent
On 4 July 2025, under application number P2025/1164/ PRA, consent was granted for: “Application under Schedule 2, Part 20, Class AB of
the Town and Country Planning (General Permitted Development) Order (GPDO) 2015 (as amended) for prior approval for the construction of one additional storey immediately above the existing roof of a detached building in commercial or mixed use (Use Class E, Betting Office, Payday Loan Shop, Launderette) to create 2 new self-contained flats (Use Class C3), together with associated works.”
Wakley Street Courtyard – Class MA Consent
In September 2025, under application number P2025/2288/PRA, consent was granted for: “Notification of Prior Approval for the change of use of
the ground and first floor levels of existing commercial building (Class E) to residential accommodation to provide 10x self-contained residential units (Class C3) under ‘Class MA’ of Schedule 2 of the Town and Country Planning (General Permitted Development) Order (GPDO).”
The site comprises three interconnected buildings of varying scale:
• 7-8 Wakley Street arranged over ground to second floors
• 328 City Road arranged over ground to fifth floors
• Central courtyard building arranged over lower ground to first floors
Location
328 City Road & 7–8 Wakley Street is strategically positioned within EC1, one of Central London’s most dynamic and well-connected submarkets, in the heart of the ‘tech belt’ spanning King’s Cross, Clerkenwell, Farringdon and Old Street.
Planning Consent
The asset benefits from four permitted development consents, which allow the conversion of entire asset into 24 residential units and a single E-Use Class commercial unit.
Wakley Street Front Building - Class MA Consent
On 11 February 2025, under application number P2024/3731/PRA, consent was granted for: “Prior approval application for change of use of floors
of existing commercial unit (Class E) to residential (Class C3) to provide 6 no. self-contained residential units.
328 City Road - Class MA Consent
On 11 February 2025, under application number P2024/3731/PRA, consent was granted for: “Prior approval application for change of use of floors
of existing commercial unit (Class E) to residential (Class C3) to provide 6 no. self-contained residential units.”
Wakley Street Front Building - Class AB Consent
On 4 July 2025, under application number P2025/1164/ PRA, consent was granted for: “Application under Schedule 2, Part 20, Class AB of
the Town and Country Planning (General Permitted Development) Order (GPDO) 2015 (as amended) for prior approval for the construction of one additional storey immediately above the existing roof of a detached building in commercial or mixed use (Use Class E, Betting Office, Payday Loan Shop, Launderette) to create 2 new self-contained flats (Use Class C3), together with associated works.”
Wakley Street Courtyard – Class MA Consent
In September 2025, under application number P2025/2288/PRA, consent was granted for: “Notification of Prior Approval for the change of use of
the ground and first floor levels of existing commercial building (Class E) to residential accommodation to provide 10x self-contained residential units (Class C3) under ‘Class MA’ of Schedule 2 of the Town and Country Planning (General Permitted Development) Order (GPDO).”
Property information from this agent
About this agent
We know workspace, the value of thoughtful design and that your brand's home is an extension of its culture, fostering productivity and wellbeing.