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16 Laystall Street, Farringdon, EC1R 4PF

Offers in Excess of
£21,695,000

£1163.02 per sq. ft.

Business rates & charges may apply

Compton, London
SIZE AVAILABLE

18,654 sq. ft.

(1,733 sq. m.)

SECTOR

Office for sale

Key features

  • Prime Freehold.
  • Conveniently located in Farringdon, within close proximity to both Exmouth and Leather Lane Markets.
  • Excellent transport connectivity being within 650 metres of the new Farringdon Elizabeth Line (Crossrail) station.
  • Comprises 18,654 sq ft (1,733.0 sq m) of warehouse-style office accommodation arranged over basement, ground, and four upper floors.
  • Comprehensively refurbished asset offering brand new end of journey facilities, external amenity accommodation, and cutting-edge IT infrastructure.
  • The asset is multi-let to four office tenants. The 1st floor is vacant and will be subject to a 12 month vendor top up.
  • Total topped-up passing rent of £1,158,426 per annum equating to £62.10 per sq ft, with no dilution from the basement space.
  • Upcoming rental reversion opportunity across two floors (Ground & 2nd floor let off £50.00 - £54.42 psf), with limited capital expenditure required and prime rents in Farringdon in excess of £85.00
  • Energy Performance Certificate (EPC) rating of B, rare for a building of this age, future proofing it beyond 2030.
  • The WAULT is 2.60 years to expiries and 1.85 years to breaks.

Property description

Description
16 Laystall comprises a former warehouse offering a total of 18,654 sq ft of commercial office space arranged over a lower ground, ground and four upper
floors. Floorplates in the building range from 2,334 to 4,384 sq ft.

The refurbishment of 16 Laystall Street pays gentle respect to the design ethos of regency Farringdon, whilst offering everything expected from a modern,
cutting-edge office building.

Not only does the property offer a spacious openplan working environment but it also includes two beautifully landscaped terrace gardens. The terraces are accessed from the 3rd and 4th floors and provide an excellent space to unwind and relax.

Location
The property is situated on Laystall Street, which is spoilt with local amenity that includes Michelin-starred restaurants, independent coffee shops and the food stands of Exmouth and Leather Lane markets.
Given the building's convenient location just metres from the aforementioned amenity and a short walking distance to Farringdon Crossrail Station, 16 Laystall is perfectly positioned to take advantage of all that Farringdon has to offer.

Brochures

16 Laystall Street, Farringdon, EC1R 4PF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chancery Lane Station0.3 miles
  • Farringdon Station0.3 miles
  • Holborn Station0.5 miles

Notes

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Disclaimer - Property reference 106860-1. 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 Compton, 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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