Office for sale in Laystall Street, London EC1R

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Office for sale 18,654 sq. ft*
Tenure: Freehold Council tax band: Not available

Property description

Key Points

  • Prime Freehold.
  • Conveniently located in Farringdon, within close proximity to both Exmouth and Leather Lane Markets.
  • Excellent transport connectivity being within 650 metres of the new Farringdon Elizabeth Line (Crossrail) station.
  • Comprises 18,654 sq ft (1,733.0 sq m) of warehouse-style office accommodation arranged over basement, ground, and four upper floors.
  • Comprehensively refurbished asset offering brand new end of journey facilities, external amenity accommodation, and cutting-edge it infrastructure.
  • The asset is multi-let to four office tenants. The 1st floor is vacant and will be subject to a 12 month vendor top up.
  • Total topped-up passing rent of £1,158,426 per annum equating to £62.10 per sq ft, with no dilution from the basement space.
  • Upcoming rental reversion opportunity across two floors (Ground & 2nd floor let off £50.00 - £54.42 psf), with limited capital expenditure required and prime rents in Farringdon in excess of £85.00 per sq ft.
  • Energy Performance Certificate (EPC) rating of B, rare for a building of this age, future proofing it beyond 2030.
  • The wault is 2.46 years to expiries and 1.70 years to breaks.
  • Description

    16 Laystall comprises a former warehouse offering a total of 18,654 sq ft of commercial office space arranged over a lower ground, ground and four upper
    floors. Floorplates in the building range from 2,334 to 4,384 sq ft.

    The refurbishment of 16 Laystall Street pays gentle respect to the design ethos of regency Farringdon, whilst offering everything expected from a modern, cutting-edge office building.

    Not only does the property offer a spacious openplan working environment but it also includes two beautifully landscaped terrace gardens. The terraces are accessed from the 3rd and 4th floors and provide an excellent space to unwind and relax.

    Location

    The property is situated on Laystall Street, which is spoilt with local amenity that includes Michelin-starred restaurants, independent coffee shops and the food stands of Exmouth and Leather Lane markets.
    Given the building's convenient location just metres from the aforementioned amenity and a short walking distance to Farringdon Crossrail Station, 16 Laystall is perfectly positioned to take advantage of all that Farringdon has to offer.

    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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