Office for sale in Clerkenwell Close, London EC1R

Offers over £8,250,000 (£698.32/sq. ft)
Interested in this property? Call +44 20 8033 6251 * or Request Details

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Office for sale 11,814 sq. ft*

Property description

Key Points

  • Freehold
  • Striking mixed use office and residential investment located in the heart of Clerkenwell, one of Central London’s most desirable and sought-after sub-markets
  • A tmt hotspot and home to some of the boldest, brightest, and most prestigious names in global business
  • Less than 500 metres from new Elizabeth Line Services at Farringdon Station - the only Central London Station to provide 3-way connectivity to London Underground, Thameslink, and Elizabeth Line services
  • Mixed use property comprising modern media-style offices and 13 “sold off” residential units
  • 10,568 sq ft (981.8 sq m) of Grade A offices arranged over upper and lower ground floors
  • Single let to Mybuilder Limited until 20 September 2022 at an average passing rent of £45.42 psf – 43% discount to prime Farringdon rents of £80.00 psf
  • Total passing rent £505,201 per annum
  • Description

    10,568 sq ft (981.8 sq m sq m) of stylish, self-contained, modern offices arranged over upper and lower ground floors single let at an average passing of £45.42 per sq ft - 43.00% discount to prime Farringdon rents of £80.00 per sq ft.

    Impressive double height reception area and floor-to-ceiling windows with excellent natural light.

    Offers in excess of £8,250,000 (subject to contract) reflecting a net initial yield of 5.74% (assuming purchasers’ costs of 6.67%) and a capital value of £781 psf.

    Location

    Prominently located in the heart of Clerkenwell less than 500m from the new Elizabeth line (Crossrail) at Farringdon Station.

    31A Clerkenwell Close is situated in a diverse pocket of 20 vibrant Farringdon within London’s burgeoning tech belt.

    The property occupies a prominent corner position at the junction of Clerkenwell Close and Bowling Green Lane.

    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.

    — 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)

    Property info

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

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    For more information about this property, please contact
    Compton, EC1V on +44 20 8033 6251 * (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 Compton, and do not constitute property particulars. Please contact Compton 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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