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Office for sale

55 Farringdon Road, London, United Kingdom EC1M 3JB

Sold STC £4,250,000
4,716 sq. ft.

Property Description

Commercial information

  • 4,716 sq ft (438 sq m)

Key features

  • Prime location sitting adjacent to Farringdon Station in the heart of Clerkenwell.
  • The building provides 4,716 Ft2 (NIA) of superb warehouse style office accommodation arranged over lower ground to 4th floors.
  • The building is multi let to 6 tenants and produces a reversionary passing rent of 166,263 (35.26 per Ft2).
  • Seeking offers in excess of 3.85 million for the freehold interest.
  • This provides a low capital value of 816.37 per Ft2 (NIA) and a net initial yield of 4.08% assuming purchasers costs of 5.8%.

Full description

The building provides column free open plan floor plates all with self-contained WC’s and air conditioning. The upper floors benefit from excellent natural daylight and superb ceiling height. An external balcony on the first floor provides tenants with the added amenity of outdoor space.\n\nClerkenwell is one of London’s most sought after locations and is a favoured destination for companies in the creative, technology and fashion industries. Local occupiers include Ben Sherman, Kurt Geiger, Agent Provocateur, Alexander McQueen, Airbnb and WPP.

55 Farringdon Road is situated at the west side of Farringdon Road between the junctions of St Cross Street to the north and Greville Street to the south.

Transport links are excellent with Farringdon underground station and National rail in very close proximity of the building.

The underground at the newly refurbished Farringdon station provides commuters with access to the Circle line, Hammersmith and City line and Metropolitan line. The Thameslink provides direct access by rail, north and south to such towns as St Albans, Brighton and Wimbledon. Both
Gatwick and Luton Airport can also be reached in under an hour using the Thameslink service.

Crossrail is due for completion in 2018; when Farringdon will become London’s best serviced station.\n\nThe property is elected for VAT and as such will be payable on the purchase price.

Map & Street View

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