Office for sale in Saffron Hill, London EC1N

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Office for sale

Property features

  • Freehold for Sale
  • Office of 1758 sq ft / 163 sq m
  • Income of £58,000 per annum
  • 8 flats sold on long leases

Property description

Freehold For Sale. Mixed used building with ground and basement office let to commercial tenant and upper parts with 8 residential flats sold on long leases.

Location: Situated on Saffron Hill close to its junction with both Farrindgon Road and Clerkenwell Road. 41-43 Saffron Hill benefits from its proximity to Farrindgon Station providing easy access to both Underground and National Rail lines, as well as Crossrail in 2018. The amenities and local stores of both Exmouth Market and Leather Lane are within walking distance alongside open space of Clerkenwell Green and Spa Fields Park which would be attractive to any tenant.

Description: At the time of inspection, the subject property comprised of a large open plan ground floor office with a partitioned conference room with an abundance of natural light with high ceilings. The lower ground level comprises of a lovely open plan office space with an additional meeting and conference room. The office is currently occupied by Red Construction Group Limited and guaranteed by Lusarder Plc by way of a three-year lease contracted outside of the Landlord and Tenant Act 1954, as amended until August 2024 with a passing rent of £56,100 pax.

Accommodation: Ground floor: 1,033 SqFt / 95.97 SqM Lower Ground floor: 725 SqFt / 67.35 SqM Total: 1,758 SqFt / 163.32 SqM The above floor areas are approximate and have been measured on gross internal basis.

Tenure : Freehold, subject to the lease in place on the ground and lower ground floor.

EPC: An EPC Certificate has been commissioned at Band F. AR4366/kc 12.18
price: Quoting £1,300,000.

VAT : All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.

Business rates: The property has a Rateable Value of £28,500. Interested parties are advised to make their own enquiries of the Local Authority, London Borough of Camden, for verification of rates payable.

Service charge: A service charge is applicable. Further details on application.

Legal fees: Each party to bear their own legal costs incurred in this transaction.

Contact: Strictly by appointment via the landlord’s agents

Property info

Floorplan(s): Floorplan

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For more information about this property, please contact
Hurford Salvi Carr, EC1M on +44 20 8033 0882 * (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 Hurford Salvi Carr, and do not constitute property particulars. Please contact Hurford Salvi Carr 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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