Rosebery Avenue / Warner Yard, Clerkenwell, London, EC1R

Investment For Sale

Rosebery Avenue / Warner Yard, Clerkenwell, London, EC1R
Floor area: 6,256 sq. ft. (581 sq. m.)
Leasehold

££4,500,000

Features

- Long leasehold opportunity with approx. 124 years remaining
- Excellent location in central Clerkenwell
- Conveniently situated a short walk from Chancery Lane and Farringdon Stations
- Stunning recently refurbished warehouse style accommodation within an early 20th century building
- Quirky layout over two lower ground floors and a mezzanine level
- Existing NIA of approximately 6,256 sq.ft. / 581.42 sq.m
- Offered with vacant possession (furniture available by separate arrangement).
-  We are instructed to seek offers in excess of £4,500,000 exclusive and subject to contract  (£719.31   per sq.ft)

Nearest Train Stations

Transport  Farringdon - 0.3 miles
Transport  Farringdon Station - 0.32 miles
Circle
Hammersmith & City
Metropolitan
Transport  Chancery Lane Station - 0.33 miles
Central

Description

STUNNING NEWLY REFURBISHED OFFICE PREMISES OF SIGNIFICANT INTEREST TO OWNER OCCUPIERS AND INVESTORS

LOCATION

CLERKENWELL IS ONE OF CENTRAL LONDON’S MOST DYNAMIC LOCATIONS WELL KNOWN FOR ITS POPULARITY AMONG THE TECHNOLOGY, MEDIA AND CREATIVE INDUSTRIES. SITUATED JUST TO THE NORTH OF THE CITY AND FARRINGDON, WEST OF SHOREDITCH AND EAST OF MIDTOWN, CLERKENWELL OFFERS SOME OF THE BEST TRANSPORT CONNECTIONS AND AMENITIES IN LONDON.

Clerkenwell has a rich industrial past. Many of the remaining Georgian, Victorian and Edwardian warehouse buildings were previously occupied by the engineering, printing, publishing, brewing and food trades. The area was also known for clock and watch manufacture. While some vestiges of these trades remain, the area has been transformed to provide a variety of high end loft style apartments and new build residential schemes.  Former factories have been turned into showroom spaces or offices, providing some the most architecturally desirable business accommodation in London, especially for the creative, design and TMT sectors.

The area is home to a wide variety of excellent bars, restaurants and pubs. Outstanding restaurants such as Grainger & Co, Sosharu, The Quality Chop House, St John Restaurant, The Bleeding Heart, Club Gascon and Moro are all located within Clerkenwell. These first class restaurants are complimented by a range of fashionable bars, nightclubs and hotels, together with an excellent selection of cafes and pubs.

DESCRIPTION

HIGH SPECIFICATION, RECENTLY REFURBISHED WAREHOUSE STYLE ACCOMMODATION IN AN EARLY 20TH CENTURY BUILDING. THE PREMISES ARE ARRANGED OVER GROUND AND BASEMENT FLOORS AND A MEZZANINE LEVEL, TOTALLING APPROXIMATELY 6,256 SQ.FT. NIA.

The accommodation offers excellent open plan offices, with several meeting rooms and quirky work spaces built into the Rosebery Avenue viaduct. Much of the space overlooks Warner Yard and benefits from good natural light.

The accommodation has undergone significant alteration in recent years. The offices are of a solid brick construction with reinforced concrete and concrete floors. Internally the walls have been tanked. A particularly impressive double height area in situated centrally within the premises.

Currently providing serviced office space, the premises have been fitted out to an excellent standard, benefiting from mounted trunking, air conditioning and floor boxes. There are two kitchen areas and good WC facilities that include showers. Bike rack storage is situated on the Warner Yard side of the property.

TENURE

Long leasehold
Basement of 14 Rosebery Avenue / 4 – 5 Warner Yard London EC1

125 years (less 7 days) beginning on 26th March 2015

Lower ground floor 14 Rosebery Avenue

125 years (less 7 days) beginning on 26th March 2015

EPC

D (87)

The above EPC was carried out prior to refurbishment. A new EPC has been commissioned and is available on request.

VAT

We have been informed the property is elected for VAT
 
PROPOSAL

We are instructed to seek offers in excess of £4,500,000 (Four Million Five Hundred Thousand Pounds) exclusive for the long leasehold interests, subject to contract. This equates to a low capital value of approximately £719.31 per sq.ft.

The furniture in situ can be purchased by separate arrangement.

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Contact the office

Copping Joyce Surveyors Ltd
27 Phipp Street
London
EC2A 4NP

020 7749 1040
: 020 7749 1042
info@coppingjoyce.co.uk

Stamp Duty to pay is:

No stamp duty tax (less than 125K)