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41-43 Saffron Hill, Camden EC1N Investment for sale

£1,400,000

Property description

    Property features

  • Investment
    (Investment)
  • Dimensions: 163 m2
    (1758 ft2)

This new investment opportunity comprised of high-quality office space over the ground and lower ground floor only. The ground and lower ground floors offer a large open plan space with high ceilings and partitioned meeting rooms. The ground floor also benefits from having an abundance of natural light.

Location: The property is prominently positioned on Saffron Hill, just off the busy Farringdon road and in close proximity to its junction with Clerkenwell Road. The property benefits from excellent transport links with Farringdon station just a minutes walk away, providing easy access to both Underground and National Rail lines. Farringdon Road also provides access to various bus routes which gives access to areas such as Waterloo and Dulwich Village. The unit is in close proximity to multiple successful retailers such as KFH, Tesco express and Costa Coffee.

Terms & conditions: The office is occupied by Red Construction Group Limited on a reversionary outside the LTA 1954 lease expiring August 2024. The passing rent is £56,100 per annum. There is also a rent review on the 3rd of August 2022 and 2023. The freehold also benefits from a total of £1,600 pa ground rent from 8 flats to the upper floors, sold off on long leaseholds. TOTAL INCOME £57,700 pa.

Business rates: The property has a Rateable Value of £28,500. Interested parties are advised to make their own enquiries of the Local Authority, London Borough of Camden, for verification of rates payable.

Sale: WE ARE INSTRUCTED TO SEE OFFERS IN THE REGION OF £1.4 MILLION FOR THE FREEHOLD.

Additional information

Tenure

Freehold

Nearest stations

  • Farringdon (0.1 miles)
  • Farringdon (0.1 miles)
  • Chancery Lane (0.3 miles)

Property location map

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