Description

• Freehold.
• Situated in Farringdon, one of London’s most sought after sub-markets.
• Three minutes’ walk from Farringdon station where Elizabeth Line services are now operational.
• 9,246 sq ft of office, showroom and ancillary accommodation.
• Prominent self-contained showroom unit.
• Multi-let and part vacant.
• £531,383 pax including Vendor top ups.
• 1st floor recently let at £62.50 psf by way of a five year lease.
• Ground and lower ground floors under offer to an established jewellery business for a term of ten years.
• Opportunities to drive value through: –
– Introduction of Cat A plus ‘fitted’ solutions targeting at premium rents.
– Re-letting three high quality office floors.
– Upgrading the second floor which has been stripped out.
– Completing ground and lower ground floor letting (in solicitors hands).
• Price: £7.75 million
• NIY: c. 6.50%
• Capital Value: £837