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Premier retail pitch in Farringdon

London, United KingdomUnlock address

85%

£7.365.000

Retail

#16646

Core+

3 Feb 2024

Property Details

Broker

For sale

19,158 sq.ft.

1,780 m²

Leasable area

384 £/sq.ft.

4,137 £/m²

7.00 %

3

Other

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Originally constructed in 1994, property a mixed use building arranged over basement, lower ground, ground and 7 upper floors totaling 76,887 sq ft (7,143 sq m) NIA. 35 car parking spaces are located on the basement and lower ground floors. The commercial element comprises of 4 units providing retail, office and leisure accommodation, totalling 19,158 sq ft arranged over ground and basement floors. Virtual Freehold (999 years at a peppercorn rent). Multi-let to a strong tenant lineup. Topped up passing rent of £550,587 pa. WAULT of 4.87 years to expiries across the let accommodation. Potential for a wide range of uses within use class E.