£14.710.000
Confirmation
Refurbished freehold office building in Farringdon
London, United Kingdom
Office
#35597
Core+
26 Jan 2025
Property Details
Broker
For sale
18,530 sq.ft.
1,721 m²Leasable area
793 £/sq.ft.
8,547 £/m²7.75 %
6
Freehold
Fees
Investment Overview
Conveniently located in Farringdon, within close proximity to both Exmouth and Leather Lane Markets. Comprises 18,630 sq ft (1,730.7 sq m) of warehouse-style office accommodation arranged over ground and four upper floors, with ancillary lower ground floor storage space. Comprehensively refurbished asset offering brand new end of journey facilities, external amenity accommodation, and cutting-edge IT infrastructure. The asset is multi-let to six office tenants. Total passing rent of £1,217,215 per annum equating to £65.34 per sq ft, with no dilution from the lower ground floor space. Energy Performance Certificate (EPC) rating of B, future proofing it beyond 2030. The WAULT is 3.4 years to expiries and 2.0 years to breaks.
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