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Prime location in the heart of Farringdon

London, United KingdomUnlock address

88%

£14.800.000

Office

#14646

Core+, Value-Add

1 Mar 2024

Property Details

Broker

For sale

16,608 sq.ft.

1,543 m²

Leasable area

891 £/sq.ft.

9,591 £/m²

4.65 %

3

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.00 %

0.40 %

Investment Overview

Freehold property situated in a prime location in the heart of Farringdon, one of London’s most sought after submarkets. Exceptional connectivity being located within 350 metres of the Elizabeth Line (Crossrail) at Farringdon station, which is now operational. 16,608 sq ft of contemporary office accommodation, over lower ground, ground and five upper floors. The top two floors interconnect and have a vaulted ceiling. Multi-let to 3 office occupiers, generating a rent of £736,680 per annum, reflecting a low rent of £44.36 per sq ft overall. Well-timed lease events over the next 1.75 years, providing an opportunity to reposition the asset.