40 Clerkenwell Close London EC1R 0AZ

Located on Clerkenwell Close, the building is at the heart of Farringdon and Clerkenwell’s lively social scene. The area is home to a diverse mix of offerings with restaurants, bars, hotels and gyms all within easy reach. Smithfield Market will be re-developed into a mixed-use cultural site forming the gateway to the City of London’s transformative initiative, The Culture Mile. The redevelopment will also accommodate the new London Museum, further enhancing the local area and rich amenity offering.

Constructed on an island site in 1988, the property is of brick, block and steel construction under a flat roof with two rotundas, one of which provides access to a roof terrace.

Each floor provides open plan floor plates with excellent floor to ceiling heights and raised access floors. Windows on all elevations, except the rear. The core provides a single staircase around a glazed lift shaft.

The property is vacant and has been stripped out. The strip out is comprehensive and includes the removal of all internal and external M&E.

Historically, the property has always been single let as a headquarters building.

The stripped-out property is a blank canvas, providing owner occupiers and developers with an excellent opportunity to design and build a modern building suited to current wants and needs.

Farringdon (Circle, Elizabeth, Hammersmith & City and Metropolitan lines and National Rail)
Barbican (Circle, Hammersmith & City and Metropolitan lines)
Chancery Lane (Central line)
Kings Cross St Pancras (Northern, Piccadilly and Victoria lines, National Rail and Eurostar)
Various bus routes

– Rare Farringdon refurbishment / redevelopment opportunity.
– Likely to appeal to owner occupiers and developers.
– Prime location, within a seven minute walk of Farringdon station.
– Providing unbeatable transport links across London, and beyond.
– Set on an island site, on a quiet street leading to Clerkenwell Green.
– Stripped out and ready for creative rejuvenation.
– Vacant & removed from the rating list.
– NIA of 11,281 sq ft & GIA of 12,767 sq ft.

The property is held freehold under registered title number NGL588273.

The property is offered for sale with Vacant Possession on completion.

Unconditional offers in excess of £5,500,000 are sought for the freehold interest. Subject to contract and exclusive of VAT.

A purchase at this level reflects a low Capital Value of £488 per sq ft.

The property is elected for VAT.

The property is located within The London Borough of Islington.

The property is not listed and is located within the Clerkenwell Green Conservation Area.

Prior to the strip out the property had an EPC Rating of C-75.

The property was removed from the rating list on 1 April 2023.

Floor	Sq. Ft.	Sq. M.
m 2 x Rotundas	584	54.25
3rd	2576	239.32
2nd	2697	250.56
1st	2650	246.19
Ground	2774	257.71
Total	11281	1048.03