58 Farringdon Rd - Pear tree Court 4,266 SF Office Unit Offered at £2,200,000 in London EC1R 3BP
INVESTMENT HIGHLIGHTS
- Prime location
- Excellent local amenities
- Close to Farringdon Station
PROPERTY FACTS
| Price | £2,200,000 |
| Unit Size | 4,266 SF |
| No. Units | 1 |
| Total Building Size | 21,264 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 5 |
| Typical Floor Size | 4,253 SF |
| Year Built | 1898 |
AMENITIES
- Raised Floor
- Security System
- Roof Lights
- Accent Lighting
- Roof Terrace
- Air Conditioning
1 UNIT AVAILABLE
Unit 58
| Unit Size | 4,266 SF |
| Price | £2,200,000 |
| Price Per SF | £515.71 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
The commercial element requires a comprehensive refurbishment and benefits form excellent floor to ceiling heights.
The 18 residential flats are sold off on 999 year leases from 1999 and are accessed via a separate entrance on Pear Tree Court.
The passing ground rent is £5,000 per annum and doubles in June 2024 to £10,000 per annum. In June 2059 it increases to £20,000 per annum and then increases again to £25,000 per annum from June 2084.
SALE NOTES
We are seeking offers in excess of £2,200,000 reflecting an attractive capital value of £550 per sq ft.
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