Long leasehold office investment for sale in London, EC1

This property is marketed by:
Andrew Scott Robertson

Key Features

• 2,292 sq. ft. (212.93 sq. m.)
• Long leasehold interest - offers in excess of £950,000
• Less than 500m from Farringdon station
• Character building comprising offices arranged over 4 floors
• Long lease at peppercorn rent - 90 years unexpired
• Single let to The Museums Association until 28/09/2031
• Rent review due September 2026 with scope for an increase
• Total rent passing £93,000 pa
• Net initial yield 9.29% assuming purchaser's costs of 5.39%
• Capital value £414 per sq. ft.

Location

42 Clerkenwell Close is situated in a diverse pocket of vibrant Farringdon within London’s burgeoning tech belt. The property occupies a prominent position within Clerkenwell Close. Nearby occupiers include Zaha Hadid, Unilever, Deloitte Digital, Alexander McQueen and Microsoft The property benefits from excellent amenities and is located 320 metres from both Exmouth & Leather Lane Markets, home to some of London’s most renowned casual and formal dining spots.

CLERKENWELL

• One of Central London’s most fashionable, vibrant and desirable sub-markets.
• A major commercial centre with a diverse building stock.
• Boasting some of the boldest, brightest and most exciting names in global businesses including Amazon, Moonpig, Publicis Groupe and Microsoft
• First class local amenities offering a variety of eateries, food markets and bars
• Outstanding connectivity to Central London and beyond (500 metres to Farringdon station)