Prime Freehold Investment for Sale on Prominent Corner Position Investment Highlights
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Prime Freehold Investment For Sale On Prominent Corner Position Investment Highlights • Prominently located, at the heart of • 80 Clerkenwell Road is held Freehold and Farringdon, on the corner of Clerkenwell has the benefit of a long lease over part Road and St John Street. of 82 Clerkenwell Road expiring 19th January 2999 at a peppercorn rent. • Excellent transport connectivity which will be further enhanced when the • Multi let to five tenants producing a Elizabeth Line (Crossrail) opens at the total passing rent of £914,524.50 /A end of 2018 at Farringdon Station (£73.83 /Ft²). approximately 320 metres to the south west of the property. • Provides a weighted average unexpired lease term of 8.37 years to lease expiries • A Ben Adams Architects designed (5.63 years to break). office and showroom redevelopment completed to an exceptional standard • Offers are invited in excess of in 2017, resulting in a “Very Good” £15,950,000 (£1,287.64 /Ft²), subject BREEAM assessment. to contract and exclusive of VAT. • 12,387 Ft² (1,150.7 M2) mixed • This reflects a net initial yield of 5.37% 01 use building comprising 4,057 Ft² (assuming acquisition costs of 6.73%). (376.9. M2) highly sought after showroom accommodation at ground and lower ground floors and 8,330 Ft² (773.9 M2) of new office accommodation arranged over the 1st to 5th floors. London No.1 Financial Centre ahead of New York and Hong Kong in the £13.8 Z/Yen Index 2017 BILLION INVESTED IN LONDON TECH COMPANIES % Over the past five years London has benefited from more tech investment 70 than Amsterdam, Berlin, Dublin and Paris combined Of the FTSE 100 are Six International airports provide (Tech City 2017 Report) based in London access to over 396 destinations 02 GDP London’s GDP per capita is the highest in Europe 10 MILLION London is the Fintech Capital of the world, Europe’s largest City with the being home to 17 of the top 50 Global population forecast to reach Fintech companies, the highest density 10 million by 2030 anywhere in the World CITY UNIVERSITY y Rd OF LONDON Dingle 80 Clerkenwell Road EC1 King Square Gardens r St One of Clerkenwell’s Leve E V A most sought after and Y R T G E S O Bartholomew B IVAL E C S t prominent addresses. S PER d S Square W r O wa R Se E L EXMOUTH d Spa Fields L 80 Clerkenwell Road is situated at Clerkenwell / Farringdon have R R MARKET n Park D t t o e S ell S the heart of Farringdon on a prominent become one of Central London’s core t Tre Mitch p 31 ear m P a S St C freehold corner site at the junction of office markets and its commanding status h n 25 t LN T to e r p n N J m Clerkenwell Road and St John Street. as the choice location for the Tech and o E O o 14 St t N E C 4 k r 20MINS R H ic a tw l G N s W Creative industries. This has attracted FA Ba S G S t R N 36 H R LI T 15 I I Clerkenwell Road is the district’s principal a multitude of businesses to the area. N W 1 T G O E D B C east to west thoroughfare, connecting Old Nearby office occupiers include: O 8 10MINS R O N 34 T G T S R S S Street in the east to Farringdon Station in N LD O D TO O S n T L S W 12 e U D T the west. Similarly St John Street forms a Fa e T S 3 rne rr r A 18 E r i G E N St ng l GR 35 t the main north south route in the area d l 5 S o e tic L n w l N l n Ba connecting Angel Islington in the north an e 13 e rk 22 10 le 03 to Smithfield in the south. 27 C 9 10MINS St ne 2 LL RD rtu 19 LERKENWE S Fo C B T r i J 5MINS T 17 t u to O r n ST JOHNS GATE Charterhouse 33 n H 32 m S S 1 Adidas 19 IDEO N 28 t T Precincts ann St i F l J l S 23 O 2 Agent Provocateur 20 Karmarama S T S t H A L N H F 3 AHMM 21 Knoll E F F A ’ A S A R T R T O L H R 20 4 Airbnb 22 Kohler T N N I O Charterhouse E N R H T 5 Alexander McQueen 23 Kurt Geiger N G S 30 Square N L I IA L D S N G U L H O T 6 Amazon 24 Lastminute.com 16 A AR N R 26 7 C D C BARBICAN CENTRE 7 Anomaly 25 McCann s R OWCROSS ST n E de D ar N G 24 A 8 BDP 26 Moo in’s ldw L Ba D 9 Bowers & Wilkins 27 Moon Pig E Thomas More T R G S e St SE S Residents Garden l G 10 Box.com 28 Publicis Groupe R evil U SMITHFIELD MARKET A Gr 21 O H A Y R E T 11 Capgemini 29 Samsung S RT A E I H N C S 12 Deloitte Digital 30 Save The Children N T R R E D 13 Duravit 31 Splash LD E E T FI d H l 14 G Adventures 32 Steelcase IT e F SM W fi A W Smith 15 GoCardless 33 Tesco Digital R HOLB 11 R OR I N C N 16 Grey 34 Unilever IRCUS S ST BARTS MUSEUM G no n w l D OFLONDON LONDON WALL 17 Grimshaw 35 Vitra H r i O ll e t N 18 Hansgrohe 36 Zaha Hadid t 6 e f S T w e 29 N 80 Clerkenwell Road A prominent office and showroom building in Barbican St Paul’s Smithfield Farringdon the heart of Farringdon Market 04 History Many of the warehouses and workshops of Clerkenwell’s industrial past remain, but are now home to a myriad of businesses including architectural practices, design showrooms, fashion houses, TV and film production companies, media agencies and hi-tech firms. 05 1888 1896 1930s 1949 2017 Original buildings No. 80 was converted Occupied partly Having been Redeveloped by Ben Following erected and first into a coffee tavern and as the Myddleton severely damaged Adams Architects. completion, the occupied by workmen’s temperance Hotel which closed during the Second building has been wholesale grocers hotel, Pearce’s Dining and mid-1930s and World War, No. 80 successfully let to Phillips & Co. Refreshment Rooms. partly as Butler and No. 82 were full occupation. & Crispe. successfully rebuilt. At No.82, Phillips & Co. were succeeded by Butler & Crispe, wholesale patent- medicine warehousemen who had not long been there when the premises was destroyed by fire in November 1896. Clerkenwell Home of London’s Creatives and its growing Tech Sector Clerkenwell is one of Central London’s In addition, new trend setting most exciting urban villages. It is the hub restaurants including Granger & Co, of London’s world renowned Tech Belt Modern Pantry, Albion, Sosharu and Luca and the favoured location for Europe’s have opened in Clerkenwell to satisfy Creatives. Enjoying a rich economic the diverse workforce and increase the history, Clerkenwell has blossomed over cosmopolitan feel to the area. the last decade to become a significant The area’s appeal will be further enhanced commercial centre attracting some of the when the Elizabeth Line opens in 2018 brightest and most innovative businesses at Farringdon Station. The new rail line is from the technology, creative, media and expected to be the catalyst for further fashion sectors. growth for this vibrant office market. Complementing the office market is the excellent retail, showroom and leisure 06 amenity, which has transformed in recent years. Clerkenwell Road and St John Street have become synonymous with interior and furniture showrooms, drawing customers from across the UK seeking cutting edge designs for both commercial and residential properties. CITY UNIVERSITY OF LONDON y Rd Dingle King Square Gardens r St Leve E V A Y Bartholomew R E L ST B VA Square E RCI t S PE rd S O wa R Se EXMOUTH Spa Fields MARKET Park A d G t g t ell S R O S itch d Tree M n N n S r o L a W Pe FA t N S p E t R E m E R R t L C a S I G L N h S on e G t G rt T p R n IN m t D o J o D L C r O N O t a W S N H k l O ic S Connected London R B N t tw D h S as t W S urg B b H S h T ort e N I T k E f o OLD STREET C 80 Clerkenwell Road benefits from r N B R d o e O e r r S t r S exceptional transport connections h y s T b S S t u t J G providing this location with unparalleled r S O g T h S O T H D links to the rest of Central London and n S L e N t O L e T D r S S commuter locations beyond.