£14.800.000
Confirmation
Prime location in the heart of Farringdon
Property Details
Broker
For sale
16,608 sq.ft.
1,543 m²Leasable area
891 £/sq.ft.
9,591 £/m²4.65 %
3
Freehold
Fees
Investment Overview
Freehold property situated in a prime location in the heart of Farringdon, one of London’s most sought after submarkets. Exceptional connectivity being located within 350 metres of the Elizabeth Line (Crossrail) at Farringdon station, which is now operational. 16,608 sq ft of contemporary office accommodation, over lower ground, ground and five upper floors. The top two floors interconnect and have a vaulted ceiling. Multi-let to 3 office occupiers, generating a rent of £736,680 per annum, reflecting a low rent of £44.36 per sq ft overall. Well-timed lease events over the next 1.75 years, providing an opportunity to reposition the asset.
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