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42-46 Clerkenwell Clos
2,292 SF Office Unit Offered at £950,000 in London EC1R 0AZ
Investment Highlights
- Located in the heart of Clerkenwell’s tech sector
- Character building comprising offices arranged over 4 floors
- Single let to The Museums Association until 28th September 2031 with no breaks at £40.58 per sq. ft
- Less than 500m from Farringdon station - vibrant location
- Long lease at peppercorn rent - 90 years unexpired
- Net initial yield 9.29% assuming purchaser's costs of 5.39%
Executive Summary
The property comprises a terraced building of traditional brick construction, arranged over basement and three upper floors, providing office accommodation throughout. The property is located on the corner of Clerkenwell Close and Newcastle Row. Farringdon Underground and mainline Railway Station is within walking distance.
Property Facts
| Price | £950,000 | Sale Type | Investment |
| Unit Size | 2,292 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 5 |
| Total Building Size | 7,526 SF | Typical Floor Size | 1,880 SF |
| Property Type | Office (Unit) | Year Built | 1890 |
| Price | £950,000 |
| Unit Size | 2,292 SF |
| No. Units | 1 |
| Total Building Size | 7,526 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 5 |
| Typical Floor Size | 1,880 SF |
| Year Built | 1890 |
1 Unit Available
Unit 42
| Unit Size | 2,292 SF | Sale Type | Investment |
| Price | £950,000 | Tenure | Long Leasehold |
| Price Per SF | £414.49 | Net Initial Yield | 9.29% |
| Unit Use | Office | NOI | £88,255 |
| Unit Size | 2,292 SF |
| Price | £950,000 |
| Price Per SF | £414.49 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 9.29% |
| NOI | £88,255 |
Sale Notes
Office Long Leasehold Investment. Offers in excess of £950,000. Less than 500m from Farringdon station. Character building in a vibrant location. Single let with total rent passing of £93,000 pa.
Amenities
- Conferencing Facility
- Security System
- Accent Lighting
- Air Conditioning
-
Stewart Rolfe -
Robin Catlin -
Andrew Scott Robertson
Presented by
42-46 Clerkenwell Clos
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