Investment
Summary
Freehold.
Located at the interface of the City of London and Farringdon / Clerkenwell.
Multi-let to six tenants by way of seven leases, producing a total contracted annual rent of £2,031,224 (£65.70 per sq ft overall).
Newly developed office and retail property completed in 2018 by Helical plc.
30,929 sq ft total floor area of office, restaurant and ancillary accommodation arranged over lower ground, ground and first to sixth floors.
Weighted average unexpired term of circa 8.2 years to lease expiries and circa 5.6 years to earliest determination.
Within the 3.2 acre Barts Square development comprising 250,000 sq ft of new offices, 236 high quality residential apartments and 20,500 sq ft of retail and restaurant accommodation across 10 units.
24,013 sq ft of Grade A offices with typical upper floors in the order of 4,700 sq ft and a 220 sq ft terrace at 5th floor.
The asset is owned by a Jersey company.
Less than 200 metres south of the new Farringdon Station eastern ticket hall for the Elizabeth Line (Crossrail) and approximately 300 metres north of St Paul’s Station (Central Line).
6,414 sq ft of prominent retail accommodation with dual frontage to Bartholomew Close and Little Britain.
Investment
Summary
Freehold.
Located at the interface of the City of London and Farringdon / Clerkenwell.
Multi-let to six tenants by way of seven leases, producing a total contracted annual rent of £2,031,224 (£65.70 per sq ft overall).
Newly developed office and retail property completed in 2018 by Helical plc.
30,929 sq ft total floor area of office, restaurant and ancillary accommodation arranged over lower ground, ground and first to sixth floors.
Weighted average unexpired term of circa 8.2 years to lease expiries and circa 5.6 years to earliest determination.
Within the 3.2 acre Barts Square development comprising 250,000 sq ft of new offices, 236 high quality residential apartments and 20,500 sq ft of retail and restaurant accommodation across 10 units.
24,013 sq ft of Grade A offices with typical upper floors in the order of 4,700 sq ft and a 220 sq ft terrace at 5th floor.
The asset is owned by a Jersey company.
Less than 200 metres south of the new Farringdon Station eastern ticket hall for the Elizabeth Line (Crossrail) and approximately 300 metres north of St Paul’s Station (Central Line).
6,414 sq ft of prominent retail accommodation with dual frontage to Bartholomew Close and Little Britain.
Investment
Summary
Freehold.
Located at the interface of the City of London and Farringdon / Clerkenwell.
Multi-let to six tenants by way of seven leases, producing a total contracted annual rent of £2,031,224 (£65.70 per sq ft overall).
Newly developed office and retail property completed in 2018 by Helical plc.
30,929 sq ft total floor area of office, restaurant and ancillary accommodation arranged over lower ground, ground and first to sixth floors.
Weighted average unexpired term of circa 8.2 years to lease expiries and circa 5.6 years to earliest determination.
Within the 3.2 acre Barts Square development comprising 250,000 sq ft of new offices, 236 high quality residential apartments and 20,500 sq ft of retail and restaurant accommodation across 10 units.
24,013 sq ft of Grade A offices with typical upper floors in the order of 4,700 sq ft and a 220 sq ft terrace at 5th floor.
The asset is owned by a Jersey company.
Less than 200 metres south of the new Farringdon Station eastern ticket hall for the Elizabeth Line (Crossrail) and approximately 300 metres north of St Paul’s Station (Central Line).
6,414 sq ft of prominent retail accommodation with dual frontage to Bartholomew Close and Little Britain.
