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For Sale

Clerkenwell

7-9 Woodbridge Street, EC1R 0LL

Availability (0)

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  1. Information
  2. Map
  3. Area & Transport
  4. E.P.C
  5. Other Documents
  1. Introduction

    Prime Clerkenwell Freehold Investment For Sale. The property will be of significant interest to private investors seeking an architecturally designed sought-after investment within the heart of Clerkenwell's creative district

    Property Details

    Vendor
    Private
    Tenure
    Freehold - Title number NGL879072
    Size
    3,145 Ft² (292.18 M²) NIA
    Tenancy
    Single let to ETCH (UK) Limited on a 5-year lease expiring 6th August 2023. The Tenant benefits from a Break Option on 7th August 2021
    WAULT
    3.89 years to lease expiry and 1.89 years to break
    Current Income
    £200,000 /A (£63.59 /Ft²) exclusive
    Price
    Offers invited in excess of £3,750,000 (£1,192 /Ft²), subject to contract and exclusive of VAT.
    Net Initial Yield
    5.01% assuming purchaser costs of 6.52%
    VAT
    The property has been elected for VAT and it is anticipated that the transaction will be treated as a Transfer of a Going Concern.
    EPC
    Rating of C-62
    Legal Costs
    Each party to bear their own legal costs in this transaction
    Conservation Area
    The property is located in the Clerkenwell Green conservation area.
    Listed Status
    The building is not listed
    Local Authority
    The London Borough of Islington

    Description

    Planning Usage:

    7-9 Woodbridge Street is a highly attractive former Victorian warehouse style office building. The building was comprehensively refurbished in 2009 to provide 3,163 ft2 (293.85 m2) of stylish office accommodation arranged over the lower ground, ground, first and mezzanine levels.

    The property benefits from impressive floor to ceiling heights, as well as a courtyard on the ground floor.

    Amenities

    1. Handsome period Victorian facade
    2. Private courtyard
    3. Generous floor to ceiling heights
    4. Fantastic natural daylight
    5. Original exposed brickwork
    6. Timber flooring throughout office floors
    7. Cast iron radiators
    8. Modern lighting
    9. Exposed timber beams on top floor

    Availability (0)

    FloorSize (Ft2 | M2)Price (sale | /Ft2)Planning UsageStatus
    Mezz526£3,750,000B1Sold
    1st904B1
    Ground865B1
    Lower Ground850B1
    Total / Avgs.0T.B.C

    NB - We are seeking "Offers in Excess of" £3,750,000

  2. Location

    7-9 Woodbridge Street,
    London EC1R 0LL

  3. Transport

    Farringdon
    Circle, Hammersmith & City, Metropolitan
    First Capital Connect, Thameslink
    Barbican
    Circle, Hammersmith & City, Metropolitan

    More info

    <div>Clerkenwell has fast become one of London’s most sought after</div><div>office locations.&nbsp;</div><div><br></div><div>Synonymous with innovation, creativity and technology, Clerkenwell is the hub of London’s world renowned Tech Belt and home to many of Europe’s most creative occupiers.</div><div><br></div><div>Clerkenwell benefits from vibrant retail, showroom and leisure provisions. St John Street and Clerkenwell Road are well known for their interior design and furniture showrooms attracting customers from around the world.</div><div><br></div><div>Local trend setting restaurants include Grainger &amp; Co, Modern Pantry &amp; St John. Exmouth Market offers an assortment of local gourmet restaurants, cocktail bars and pubs.</div><div><br></div><div><div>The property occupies a prominent position on the western side of Woodbridge Street in the heart of Clerkenwell.</div><div><br></div><div>Running in a north to south direction connecting Sekforde Street and Aylesbury Street, Woodbridge Street is a highly desirable location moments from trendy Clerkenwell Green and in proximity to Exmouth Market, Smithfield Market and Farringdon Station.</div></div>

  4. E.P.C

    To be provided in due course.

  5. Other Documents

    MARKETING BROCHURE

MISREPRESENTATION ACT — These particulars do not form part of any offer of contract. They are issued as a general guide, but do not constitute representation of fact. Parties should satisfy themselves as to their accuracy. Unless otherwise stated, all prices/rents are quoted exclusive of vat. All terms and information provided is subject to contract & without prejudice.