Office for sale
Property description & features
- Tenure: Freehold
- Prime Corner Freehold Office/Showroom accommodation
- Self Contained with two entrances
- 4,266 sqft over Lower Ground, Ground and First Floors
- Raised Floors
- Attractive Ground Rent invetsment, with ground rents doubling to £10,000 per annum in June 2024
A prime, self contained Freehold in central Farringdon, 250 meters from Farringdon Station.
Corner building fronting Farringdon Road and Pear Tree Court. The commercial element is self contained with two entrances on Farringdon Road, meaning the three floors can be occupied on a floor by floor basis.
The commercial element requires a comprehensive refurbishment and benefits form excellent floor to ceiling heights.
The 18 residential flats are sold off on 999 year leases from 1999 and are accessed via a separate entrance on Pear Tree Court.
The passing ground rent is £5,000 per annum and doubles in June 2024 to £10,000 per annum. In June 2059 it increases to £20,000 per annum and then increases again to £25,000 per annum from June 2084.
We are seeking offers in excess of £2,350,000 reflecting an attractive capital value of £550 per sq ft.
Location
58 Farringdon Road is situated in a prime Farringdon location, 250 metres from Farringdon Station’s Turnmill entrance providing access to the new Elizabeth Line (Crossrail), Thameslink and London Underground network.
Crossrail: Tottenham Court Road (2 mins), Bond Street (4 mins), Paddington (8 mins), Heathrow Airport (31 mins).
Both Leather Lane and Exmouth Street Markets are within a 5 minute walk offering an array of street vendors, bars, cafes and restaurants.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 193157-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Compton - London.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.