B1 Office Sold
The property is situated on the eastern side of Rosebery Avenue, close to the junction with Farringdon Road and adjoins the former Clerkenwell Fire Station. The building is in an area comprising a mixture of residential and office accommodation in the main.
The property is superbly located at the western edge of Clerkenwell near popular Exmouth Market. Excellent bars, restaurants and shops can be found in the immediate vicinity as well as in nearby Angel, Bloomsbury, Midtown and the City. The location also provides good access to the West End with Oxford Street being situated only 1.5 miles from the property.
The property is an excellent example of late Georgian architecture dating from the early 1800s. The Grade II listed property provides approximately 2,253 sq ft over four stories plus basement, with additional storage space provided in the attic (approximately 120 sq ft).
The property is typical of its age being constructed to a traditional design of solid brick walls with suspended timber floors, under a mansard roof with slate tile finish.
The property is accessed at ground floor level. The floors currently provide a mixture of open plan and cellular office accommodation. Good natural light is provided throughout via large box sash windows. A kitchen and shower room are located in the lower ground and each floor benefits from its own WC.
The accommodation requires some refurbishment, but benefits from a wealth of period features including original wood panelling and 9 fireplaces. There is gas central heating and a well proportioned courtyard garden is situated to the rear, offering rare private outdoor space in this location.
The property has been measured in accordance with the Code of Measuring Practice (6th Edition), and provides the following approximate Gross Internal Areas (GIA):
Floor Sq M Sq ft
Third 39.93 430
Second 44.43 478
First 40.91 440
Ground 40.75 438
Lower Ground 43.38 467
Total 209 2,253
Offices within class B1 of the Town and Country Planning (Use Classes) Order 1987 as amended.
The property might be suitable for residential use subject to obtaining the necessary planning consents. The property is Grade II listed and located in the Rosebery Avenue conservation area.
Freehold with vacant possession. The vendor will also consider leasing the property.
We have been informed that the property is not elected for VAT.
We are seeking offers in the region of £2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds) exclusive and subject to contract for the freehold interest.
The vendor will also consider leasing the property on a FRI lease for a term to be agreed at a rent of £75,000 per annum (approx £44.38 per sq ft (GIA) per annum)