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Charterhouse Building, 13 Clerkenwell Road, London, EC1M 5PA

£1,750,000

£529.66 per sq ft

Business rates & charges may apply

Stirling Ackroyd, Commercial
SIZE AVAILABLE

3,304 sq ft

307 sq m

SECTOR

Office for sale

USE CLASSUse class orders: A1 Shops

A1

Floor Plan
1

Key features

  • Rare UK University Tenant Investment opportunity in the heart of Clerkenwell, LONDON
  • Long Leasehold Sale : £1,750,000 plus VAT - representing a gross yield of 7.14% before costs
  • Current Rental Income/Lease Term : £125,000 per annum, Lease expires in December 2028
  • Tenant : Queen Mary University London - Home to 3 of the Faculty of Medicine and Dentistry’s research Institutes
  • Impressive Frontage and offering an internal Lower Ground floor area of 3517 sq ft
  • Includes access to an allocated accessible car parking space in the underground car park

Description

Description
This is a rare opportunity to acquire an investment where the tenant is a world renowned London University. The lower ground commercial unit offers 3,517 sq ft of space.

Long Leasehold Term : 140 years from 2009 with 124 years remaining as of Oct 2025 with a peppercorn rent. The Service Charge for 2025 was advised to be £5,200 per annum.
Price/Yield : Based on the sale price of £1,750,000, the rental income of £125,000 represents a gross yield of 7.14% before costs. The sale is subject to VAT.

At £1,750,000, the sale represents a capital sales value of £530 per sq ft

Queen Mary University London, Charterhouse Campus, commenced their original 10 year Lease December 2018. The University opted not to exercise their break option after 5 years and the current lease is therefore due expire in December 2028. There have been no negotiations to extend the current lease.

The Charterhouse Square campus is home to three of the Faculty of Medicine and Dentistry’s research Institutes:
Barts Cancer Institute (formerly Institute of Cancer), William Harvey Research Institute and Wolfson Institute of Population Health


Location
The Charterhouse Building sits in the heart of Clerkenwell Road - on the junction of Clerkenwell Road, Old Street and Goswell Road.

Excellent transport links - Close to Barbican Tube Station (Circle, Metropolitan and Hammersmith & City lines) and the recently redeveloped Farringdon Station(Elizabeth, Metropolitan, Hammersmith & City and Circle lines and National Rail)

Energy Performance Certificates

EPC

Brochures

Charterhouse Building, 13 Clerkenwell Road, London, EC1M 5PA

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barbican Station0.2 miles
  • Farringdon Station0.3 miles
  • Old Street Station0.5 miles

About Stirling Ackroyd, Commercial

40 Great Eastern Street, London, EC2A 3EP

At Stirling Ackroyd, the city is in our DNA. We understand the way London operates and how people buy, sell, rent or let property. As one of the first East London estate agents, we have played a vital role in the residential and commercial development of Central and East London and through this, we have gained an integral understanding of local values and an unparalleled local knowledge of the area.

We are one of the leading commercial estate agents for commercial property in London. We provide our clients with the full range of comprehensive, professional, and up to date occupational and investment services with dedicated teams covering all commercial property sectors.

Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all your commercial property needs. Set up originally in a small office on Curtain Road, in the then unfashionable northern City fringe, we have watched the community we are part of grow into the prime property locations you see today.

Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment.

Notes

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Disclaimer - Property reference 333263-1. 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 Stirling Ackroyd, Commercial. 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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