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Agent's details

60-76 Ironmonger Row

For sale: £6,500,000.00|9,519 Sq Ft|Office, Offices

Property details

FOR SALE£6,500,000.00
SIZE9,519 Sq Ft
ADDRESS60-76 Ironmonger Row, Old Street, EC1V 3QR
TYPEOffice, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON19th November 2021

Description

Key Points

  • Freehold
  • The office accommodation is let to Christian Louboutin UK Limited and Lyon Managed Services Limited at a total passing rent of £430,000, reflecting a highly reversionary £45.17 per sq ft
  • The 14 residential apartments are sold on individual 999 year leases expiring 23 June 3002 producing a total passing rent of £850 per annum
  • Total passing rent £430,850 per annum
  • Offers are invited in excess of £6,500,000 subject to contract and exclusive of VAT. This reflects a low capital value of £682 per sq ft and a NIY of 6.22%, assuming purchaser costs of 6.64%
  • Summary

    Prime City Fringe Office & Residential Freehold Investment Sale

    Description

    The property is a characterful Edwardian warehouse arranged over lower, ground and four upper floors. The lower ground and ground floors comprise two self-contained offices totalling 9,519 sq ft (884.6 sq m). These highly specified duplex units offer much sought after office accommodation that benefits from excellent natural light at both ground and lower ground floors. The upper floors comprise 14 private residential apartments, which have been sold on long leaseholds. In addition, there are four car parking spaces at ground floor level accessed via security gates.

    Location

    60 – 76 Ironmonger Row is centrally located within the Old Street district, an area characterised by its eclectic mix of office and residential accommodation. The property occupies a prominent corner position on Ironmonger Row equidistant from Old Street and City Road. It is a short walk from London’s famous Old Street Roundabout, the home of Europe’s Tech Sector, as well as London’s growing fashion industry.

    Location

    marker
    Location: 60-76 Ironmonger Row, Old Street, EC1V 3QR

    Old Street (0.3 miles)

    Barbican (0.5 miles)

    Moorgate (0.7 miles)

    Old Street (0.3 miles)

    Barbican (0.5 miles)

    Farringdon (0.6 miles)

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