Office for sale

7-9 Woodbridge Street, London, EC1R

Offers in Excess of £3,750,000
3,145 sq. ft.

Property Description

Commercial information

  • 3,145 sq ft (292 sq m)
  • Use class orders: B1 Business

Key features

  • Prime Clerkenwell freehold interest
  • Situated in the heart of London's Tech Belt, a short walk from Farringdon Station
  • Highly attractive Victorian warehouse conversion, with impressive floor to ceiling heights throughout
  • Comprises 3,145 ft2 (292.18 m2) of office accommodation arranged over lower ground, ground, first and mezzanine levels
  • Single let to ETCH (UK) Limited at a total passing rent of 200,000 /A reflecting a reversionary 63.59 /ft2
  • 3.89 years to lease expiry and 1.89 years to break
  • Offers invited in excess of 3,750,000 (1,192 /ft2), subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 5.01% assuming purchaser costs of 6.52%

Full description

Tenure: Freehold

Location

The property occupies a prominent position on the western side of Woodbridge Street in the heart of Clerkenwell.

Running in a north to south direction connecting Sekforde Street and Aylesbury Street, Woodbridge Street is a highly desirable location moments from trendy Clerkenwell Green and in proximity to Exmouth Market, Smithfield Market and Farringdon Station.

Clerkenwell has fast become one of London's most sought after office locations. Synonymous with innovation, creativity and technology, Clerkenwell is the hub of London's world renowned Tech Belt and home to many of Europe's most creative occupiers.

Clerkenwell benefits from vibrant retail, showroom and leisure provisions. St John Street and Clerkenwell Road are well known for their interior design and furniture showrooms attracting customers from around the world.

Local trend setting restaurants include Grainger & Co, Modern Pantry and St John. Exmouth Market offers an assortment of local gourmet restaurants, cocktail bars and pubs.

Transport

Farringdon Station (Metropolitan, Hammersmith & City, Circle and Elizabeth Lines and Thameslink)
Chancery Lane Station (Central Line)
Kings Cross Station (National Rail services)
St. Pancras International (Eurostar services)
Buses 55, 243, 63 (Oxford Circus, Waterloo, Kings Cross)

Description

7-9 Woodbridge Street is a highly attractive former Victorian warehouse style office building. The building was comprehensively refurbished in 2009 to provide 3,163 sq. ft. (293.85 sq. m.) of stylish office accommodation arranged over the lower ground, ground, first and mezzanine levels.

The property benefits from impressive floor to ceiling heights, as well as a courtyard on the ground floor.

Amenities

- Prime Clerkenwell freehold interest
- Situated in the heart of London's Tech Belt, a short walk from Farringdon Station.
- Highly attractive Victorian warehouse conversion, with impressive floor to ceiling heights throughout.
- Comprises 3,145 sq. ft. (292.18 sq. m.) of office accommodation arranged over lower ground, ground, first and mezzanine levels.
- Single let to ETCH (UK) Limited at a total passing rent of £200,000 /A reflecting a reversionary £63.59 per sq. ft.
- 3.89 years to lease expiry and 1.89 years to break
- Offers invited in excess of £3,750,000 (£1,192 per sq. ft.), subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 5.01% assuming purchaser costs of 6.52%

Approximate Floor Areas

Mezzanine - 526 sq. ft. - 48.87 sq.m.
First Floor - 904 sq. ft. - 83.98 sq. m.
Ground Floor - 865 sq. ft. - 80.36 sq. m.
Lower Ground - 850 sq. ft. - 78.97 sq. m.
Total - 3,145 sq. ft. - 292.18 sq. m.

Tenure

7-9 Woodbridge Street is held Freehold. Title number NGL879072.

Price

Offers invited in excess of £3,750,000 (£1,192 per sq. ft.), subject to contract and exclusive of VAT.

Service Charge

To be confirmed

Rates

To be confimed


More information from this agent

Nearest stations

  • Farringdon (0.3 mi)
  • Barbican (0.5 mi)
  • Angel (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Farringdon (0.3 mi)
  • Barbican (0.5 mi)
  • Angel (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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