Office for sale in Spa Green Estate, Rosebery Avenue, London EC1R

£3,450,000 (£878.53/sq. ft)
3,927 sq. ft*
Interested in this property? Call +44 20 3641 4350 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Warehouse-style building in prime EC1 location.
  • Moments from Exmouth Market and The Mount Pleasant Sorting Office site as well as Farringdon and Chancery Lane Stations.
  • Virtual Freehold (122 years unexpired).
  • 3,972 Sq Ft (nia) over upper ground and lower ground floors.
  • Vacant possession within 12 months.
  • Single let to The Frontline Organisation until 06/02/2019 (outside L&T Act 1954)
  • Asset management opportunities include regearing the occupational lease and / or head lease, refurbishing the premises and change of use (stp).
  • Excellent natural light and ceiling height in both floors.
  • Seeking offers in excess of £3,450,000. A purchase at this level reflects a net initial yield of 7.17%, assuming purchaser costs of 6.8% and a low capital value of £878 psf.

Property description

Owner occupier / investment opportunity: Media style office for sale in clerkenwell

Offers

We are seeking offers in excess of £3,450,000 (Three Million Four Hundred and Fifty Thousand). A purchase at this level reflects a capital value of £878 psf.

Building

A self-contained office premises arranged over upper ground and lower ground floors totalling 3,972 sqft (369 sq. M approx) situated on the West side of Rosebery Avenue, close to its junction with Laystall Street.

The property provides warehouse-style space, with excellent ceiling height, natural light and original features throughout. The premises has been refurbished recently, and has the benefit of original exposed brickwork, a feature metal staircase and new kitchens and WC/shower facilities.

The building is within walking distance of Chancery Lane (Central Line) and Farringdon (Metropolitan, Circle, Hammersmith & City, Elizabeth (December 2018) Lines and Thameslink) underground stations which provide excellent access across London.

Bus routes along Rosebery Avenue, Clerkenwell Road and Gray’s Inn Road also provide easy access around the Capital.

Lease

125 year Long Leasehold from March 2015 (unexpired term of 122 years).

Location

Within the last decade, the City Fringe has seen a significant shift in office demand, with Clerkenwell becoming one of the most desirable places to work in Central London. Clerkenwell has been an attractive location for a number of industries; notably for various creative and media lead companies enjoying the amenities which the local area has to offer.

The building is situated within close proximity to the junction where Rosebery Avenue meets Clerkenwell Road. The area boasts a variety of local amenities including Exmouth Market and Leather Lane catering for the lunch time trade. The area is home to a diverse collection of excellent cafes, bars and restaurants.

The property is moments from the Mount Pleasant sorting office site, which will include residential, retail, offices and public space.

VAT

We have been informed that the property is elected for VAT.

Nearby transport

  • Farringdon (0.3 miles)
  • Chancery Lane (0.3 miles)
  • Farringdon (0.3 miles)
  • London City Airport (7.3 miles)
  • London Heathrow Airport (15.4 miles)
  • London Gatwick Airport (26.1 miles)
  • Blackfriars Millennium Pier (0.9 miles)
  • Savoy Pier (1.0 mile)
  • Festival Pier (1.1 miles)

Nearby schools

View all schools in Camden
  • Christopher Hatton Primary School (0.0 miles)
  • St Alban's Church of England Primary School (0.2 miles)
  • St George the Martyr Church of England Primary School (0.2 miles)
  • CATS College London (0.6 miles)
  • Tech City College (0.8 miles)
  • DLD College London (1.6 miles)
  • Children's Hospital School at Gt Ormond Street and UCH (0.3 miles)
  • Italia Conti Academy of Theatre Arts (0.6 miles)
  • Elizabeth Garrett Anderson School (0.7 miles)
Note: Distance is shown as a straight line measurement

Local info for Camden

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Richard Susskind and Co, EC1N on +44 20 3641 4350 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Richard Susskind and Co, and do not constitute property particulars. Please contact Richard Susskind and Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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