£12.500.000
Confirmation
Refurbishment opportunity
Property Details
Broker
Deactivated
20,164 sq.ft.
1,873 m²Leasable area
619 £/sq.ft.
6,673 £/m²Freehold
1
Fees
Investment Overview
Located in the heart of Clerkenwell, home to some of the most high profile TMT businesses globally. The existing building comprises 20,614 sq ft (1,915 sq m) of F1 (educational) accommodation arranged over lower ground, ground and six upper floors. The property is single let at a rent of £780,000 per annum reflecting £37.84 per sq ft until the 23rd September 2022. Planning permission was granted in November 2021 for a comprehensive refurbishment to create 21,723 sq ft (2,018 sq m) of Grade A office accommodation with additional massing and a newly constructed 9th floor with an external roof terrace.
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