Office for sale73 Central Street, London, EC1V
1,332 sq. ft.
- 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
- 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
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.
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
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:
A2 Financial & Professional Services
A3 Restaurants and Café
D1 Medical, Educational & Institutional
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.
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).
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.
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.
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.
The property is elected for VAT.
Each party is to be responsible for their own legal costs incurred in the transaction.
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