This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Office for sale

73 Central Street, London, EC1V

£1,150,000
1,332 sq. ft.

Property Description

Commercial information

  • 1,332 sq ft (123 sq m)
  • Use class orders: A1 Shops, A2 Financial and Professional Services, A3 Restaurants and Cafes, B1 Business, D1 Non-Residential Institutions and D2 Assembly and Leisure

Key features

  • Corner pitch
  • Large windows on both elevations
  • Excellent floor to ceiling heights
  • Open plan offices
  • Air conditioning
  • Modern light fittings
  • Raised access floors
  • Open use class

Full description

Location

The property is situated on Central Street, in an area known as St. Luke's which is ideally located between both Clerkenwell and Shoreditch, just off Old Street. The area is well served by the various cafes, bars and restaurants of both Clerkenwell and Shoreditch, including the recently launched Palatino.

Transport

Barbican (Circle, Metropolitan, Hammersmith & City lines)
Old Street (Northern Line + First Capital Connect)
Farringdon (Circle, Metropolitan, Hammersmith & City lines and First Capital Connect)
Angel (Northern Line)
Buses 4, 43, 55, 56, 205, 214, 243 and 394

Description

73 Central Street occupies a corner pitch with large windows on both elevations.

Internally, the property provides excellent floor to ceiling heights and modern, open plan office accommodation with air conditioning, modern light fittings and raised access floors.

The property has been used as B1 Offices since it was first occupied in September 2013 but does benefit from the following use classes:

A1 Retail
A2 Financial & Professional Services
A3 Restaurants and Café
B1 Offices
D1 Medical, Educational & Institutional
D2 Leisure

Approximate Floor Areas

Ground 764 sq. ft. 70.9 sq. m.
L/Ground 568 sq. ft. 52.77 sq. m.
TOTAL 1,332 sq. ft. 123.67 sq. m.

Tenancies

The ground floor is currently let to Drew London Ltd on a three year lease from 19/05/2016 at a rent of £40,000 p.a.x.

The Lower Ground floor is currently let to On Flight Couriers Ltd on a three year lease from 19/12/2014 at a rent of £15,000 p.a.x.

Both leases are contracted outside the Landlord and Tenant Act 1954 (Part II).

Price

£1,150,000

Net initial yield of 4.48%, allowing for purchasers costs at 6.8%.

The long leasehold interest of 250 years from 18/10/2013 is offered for sale with the benefit of the tenancies outlined within these particulars.

Ground Rent

The long leasehold interest is subject to an annual ground rent of £1,000 which is reviewed upwards only every ten years in line with RPI.

Service Charge

The long leasehold interest is subject to an annual service charge. The service charge payable for the current service charge year is to be confirmed.

VAT

The property is elected for VAT.

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.


More information from this agent

Map & Street View

Disclaimer - Property reference 73CentralSt. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Anton Page LLP, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data ©OpenStreetMap contributors.