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Beautiful office building in London, fully tenanted.

Office Space for Sale in London, London, UK

  • Price:GBP 9,000,000.00

  • Type:Office Space

  • Reference:OS2998

  • Bedrooms:0

  • Bathrooms:0

  • Furnishings:Unspecified

  • Area:Sq.Mts 808.00

Mirage Property is pleased to present this investment building located right behind a locally famous building (designed and occupied by an architect and was controversial design which was in contest). The location is a beautiful setting with small private garden next to the building and an old church opposite, with a number of pubs and restaurants round the corner. Most importantly it is 250m from the new Cross Rail station at Farringdon.

Salient details below:

• Freehold.
• Prime location at the heart of Farringdon.
• Exceptional connectivity being located within 150 metres of the Elizabeth Line (Crossrail) at Farringdon,.
• Comprehensively refurbished in 2020 to provide outstanding Grade A office accommodation.
• 8,695 sq ft (807.8 sq m) of office and ancillary accommodation over lower ground, ground and three upper floors, with unique communal roof terrace.
• Fully let & multi-let to three office occupiers at a rent of £482,570.50 per annum, reflecting a rent of approximately £55.50 per sq ft overall.
• Income provides a WAULT of 6.7 years to expiries and 3.5 years to breaks.

The seller will be guiding £9,000,000 which is giving a net income yield of 5% and also shows a capital value of £1,000 per sq ft.

Further information:

14 Clerkenwell Close is centrally located at the heart of Farringdon, one of the most diverse central London submarkets, also benefiting from close proximity to the financial centre around St Paul’s and cultural hub at the Barbican. The area continues to attract a wide range of tenants, from start ups to multinational TMT giants, drawn to the excellent connectivity and strong amenity provision.
Significant improvements to local infrastructure, not least the opening of the Elizabeth Line, will cement Farringdon’s credentials as one of the most accessible areas in London.

GBP 9,000,000.00

Interested in this property?

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Please mention the reference:

OS2998

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