A smaller deal in our own neighbourhood of Bloomsbury, MHA bought this lower ground storage area and former car park before securing change of use planning under Camden Council from ancillary residential use (C3) to office, gym or veterinary clinic ‘sui generis’ (B1/B8/D1/D2), in January 2017. The property benefits from both vehicular and pedestrian access.
“This lower-ground space is evidence that to us, size doesn’t matter. We’re led much more by the particulars of the market than a guide price. Our research told us that there was a serious shortage of storage facilities in Holborn. Ergo this little gem…”