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16-18 Kirby Street, London, EC1N 8TS

Offers in Excess of
£18,500,000

£955.28 per sq. ft.

Business rates & charges may apply

Richard Susskind & Company, London
SIZE AVAILABLE
19,366 sq. ft.
(1,799 sq. m.)
SECTOR
Office for sale

Key features

  • Freehold.
  • Prime location in the heart of Farringdon.
  • Exceptional connectivity being located within 300 metres of the Elizabeth Line (Crossrail) at Farringdon, due to open in 2022.
  • Comprehensively refurbished and extended by Buckley Gray Yeoman in 2009, with numerous subsequent rolling refurbishments.
  • 19,366 sq ft (1,799.1 sq m) of office accommodation over lower ground, ground and five upper floors, with 1,136 sq ft of roof terraces.
  • Multi-let to four office occupiers producing a topped up rent of £1,034,944 per annum, reflecting a low rent of £53.44 per sq ft overall.
  • The current in-place income provides a WAULT of 4.3 years to expiries and 2.8 years to breaks.
  • Well-timed lease events over the next 3 years provide an opportunity to capture proven reversion and rental growth.
  • Offers are invited in excess of £18,500,000, subject to contract and exclusive of VAT. Pricing at this level reflects a net initial yield of 5.24% (assuming purchaser’s costs of 6.7%) and a capital

Property description

Tenure: Freehold

Description
Prime location in the heart of Farringdon.

Brochures

16-18 Kirby Street, London, EC1N 8TS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Farringdon Station0.1 miles
  • Chancery Lane Station0.3 miles
  • Barbican Station0.4 miles

Notes

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Disclaimer - Property reference 85074-1. 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 Richard Susskind & Company, London. 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.

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