Office for sale in Saffron Hill, London EC1N

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: Band C.

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