Office for sale in 31A Clerkenwell Close, Clerkenwell

£8,250,000.00
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OFF-873

£698.32 per sq. ft.

Key features

  • Striking mixed use office and residential investment located in the heart of Clerkenwell, one of Central London’s most desirable and sought-after sub-markets
  • A TMT hotspot and home to some of the boldest, brightest, and most prestigious names in global business
  • Less than 500 metres from new Elizabeth Line Services at Farringdon Station - the only Central London Station to provide 3-way connectivity to London Underground, Thameslink, and Elizabeth Line
  • Mixed use property comprising modern media-style offices and 13 “sold off” residential units
  • 10,568 sq ft (981.8 sq m) of Grade A offices arranged over upper and lower ground floors
  • Single let to Mybuilder Limited until 20 September 2022 at an average passing rent of £45.42 psf – 43% discount to prime Farringdon rents of £80.00 psf
  • Total passing rent £505,201 per annum
  • Property description

    Description
    10,568 sq ft (981.8 sq m sq m) of stylish, self-contained, modern offices arranged over upper and lower ground floors single let at an average passing of £45.42 per sq ft - 43.00% discount to prime Farringdon rents of £80.00 per sq ft.

    Impressive double height reception area and floor-to-ceiling windows with excellent natural light.

    Offers in excess of £8,250,000 (subject to contract) reflecting a net initial yield of 5.74% (assuming purchasers’ costs of 6.67%) and a capital value of £781 psf.

    Location
    Prominently located in the heart of Clerkenwell less than 500m from the new Elizabeth line (Crossrail) at Farringdon Station.

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