September 24, 2024
Freehold Office Building For Sale | 67-69 Turnmill Street, Farringdon EC1 | 13,146 sq. ft.
🚨🚨 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