Pear Tree Court, 58 Farringdon Road, Farringdon, EC1R 3BP

Description
A prime, self contained Freehold in central Farringdon, 250 meters from Farringdon Station.

Corner building fronting Farringdon Road and Pear Tree Court. The commercial element is self contained with two entrances on Farringdon Road, meaning the three floors can be occupied on a floor by floor basis.

The commercial element requires a comprehensive refurbishment and benefits form excellent floor to ceiling heights.

The 18 residential flats are sold off on 999 year leases from 1999 and are accessed via a separate entrance on Pear Tree Court.

The passing ground rent is £5,000 per annum and doubles in June 2024 to £10,000 per annum. In June 2059 it increases to £20,000 per annum and then increases again to £25,000 per annum from June 2084.

We are seeking offers in excess of £2,350,000 reflecting an attractive capital value of £550 per sq ft.

Location
58 Farringdon Road is situated in a prime Farringdon location, 250 metres from Farringdon Station’s Turnmill entrance providing access to the new Elizabeth Line (Crossrail), Thameslink and London Underground network.

Crossrail: Tottenham Court Road (2 mins), Bond Street (4 mins), Paddington (8 mins), Heathrow Airport (31 mins).

Both Leather Lane and Exmouth Street Markets are within a 5 minute walk offering an array of street vendors, bars, cafes and restaurants.