Northburgh House 10 Northburgh St 42,904 SF 100% Leased Office Building London EC1V 0AY £42,000,000 (£978.93/SF) 5.87% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold.
- Located just a short walk from Farringdon, Barbican and Old Street stations, providing excellent access
- Refurbished to a high internal specification retaining many original features including vaulted ceilings & traditional industrial warehouse doors
- Prime Clerkenwell location, one of London’s most dynamic commercial, cultural and creative centres.
- Striking former warehouse comprising approximately 42,904 sq ft of grade A office, retail/showroom and ancillary accommodation
EXECUTIVE SUMMARY
Offers are invited in excess of £42,000,000 (Forty Two Million Pounds) a 100% interest in the JPUT that holds the freehold interest. This reflects a net initial yield of 5.87% (assuming purchaser’s costs of 1.80%) and a capital value of £979 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
42,904 SF
Building Class
C
Year Built
1900
Price
£42,000,000
Price Per SF
£978.93
Net Initial Yield
5.87%
NOI
£2,465,400
Percent Leased
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
7,151 SF
AMENITIES
- Controlled Access
- Security System
- Accent Lighting
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The Ground and Lower Ground floors at 10a Northburgh Street provide a self contained warehouse style unit. The glass frontage provides excellent branding opportunities for any potential occupier. The space is connected via an internal staircase and benefits from original cast iron columns throughout
| Space | Size | Space Use | Condition | Available |
| Ground | 7,021 SF | Office | Shell Space | 30 Days |
Ground
| Size |
| 7,021 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| 30 Days |
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