PRIME FARRINGDON FREEHOLD INVESTMENT FOR SALE

We’re delighted to be selling 67-69 Turnmill Street, EC1, a freehold mixed-use development on the doorstep of Farringdon Station.

– High quality office and showroom accommodation in a prime Farringdon location.

– 13,146 sq. ft. of commercial space and 13 sold off residential apartments.

– Fully let to four tenants with a strong anchor tenant responsible for 40.98% of the income.

– Commercial rental income of £678,512 per annum.

– Highly reversionary income with an average passing rent of £51.61 per sq. ft.

– WAULT of 5.70 years to expiry and 2.62 to breaks.

– £10,500,000 (Ten Million and Five Hundred Thousand Pounds).

– Reflecting a Capital Value of £799 per sq. ft.

– A purchase at this level would reflect a Net Initial Yield of 6.08%, after allowing purchasers costs at 6.8%.

For further information or to arrange a viewing, please contact sole agents Anton Page – Finn Ledwidge or Stephen Page

fledwidge@antonpage.com / spage@antonpage.com
020 7336 1313