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Freehold warehouse-style mixed-used building

England, United Kingdom

81%

£14.500.000

Mixed use

#16896

Core+

29 Oct 2024

Property Details

Broker

For sale

21,826 sq.ft.

2,028 m²

Leasable area

664 £/sq.ft.

7,149 £/m²

Freehold

4

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

A Freehold warehouse-style mixed-used building comprising 21,826 sq ft fronting Farringdon Street, a prime Central London location. Significantly reconstructed in 2010, the property is arranged as three retail units and five upper floors of office accommodation, with typical office floors of c. 3,380 sq ft.Multi-let to two office and two retail tenants providing a low overall passing rent of £39.10 per sq ft providing substantial reversionary potential with prime City rents now in excess of £70.00 per sq ft. Building provides various asset management opportunities including : • Letting the vacant retail and office floors • Undertaking a refurbishment of the office floors on vacant possession • Enhancing reception and end of trip facilities • Rationalising or repositioning the plant on the 5th floor to gain additional NIA