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Agent's details

Property agent
Milton Karamani

Herbal Hill Gardens, Clerkenwell Road

For sale: POA|19,158 Sq Ft|Other, Leisure Property, Office, General Retail, Other Property Types & Opportunities, Licensed & Leisure, Offices, Retail

Property details

FOR SALEPOA
SIZE19,158 Sq Ft
ADDRESSHerbal Hill Gardens, Clerkenwell Road, Farringdon, EC1R 3BT
TYPEOther, Leisure Property, Office, General Retail, Other Property Types & Opportunities, Licensed & Leisure, Offices, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON13th June 2023

Description

Key Points

  • Virtual Freehold (999 years at a peppercorn rent).
  • Premier retail pitch in Farringdon, one of London’s most vibrant and fashionable sub-markets.
  • Excellent transport connectivity, situated opposite Farringdon station and 0.5 miles from Chancery Lane.
  • Multi-let to a strong tenant lineup.
  • Topped up passing rent of £550,587 pa.
  • WAULT of 4.87 years to expiries across the let accommodation.
  • Potential for a wide range of uses within use class E.
  • Summary

    Prime Class E Investment Opportunity

    Description

    Originally constructed in 1994, Herbal Hill Gardens comprises a mixed use building arranged over basement, lower ground, ground and 7 upper floors totaling 76,887 sq ft (7,143 sq m) NIA.

    35 car parking spaces are located on the basement and lower ground floors.

    The commercial element comprises of 4 units providing retail, office and leisure accommodation, totalling 19,158 sq ft arranged over ground and basement floors.

    Location

    Situated on the corner of Farringdon Road and Clerkenwell Road, the property benefits from thriving local amenities including Michelin-starred restaurants, independent coffee shops and the food stands of Exmouth and Leather Lane markets.

    Given the breadth of local amenities and the building’s proximity to Farringdon Crossrail Station, Herbal Hill Gardens is perfectly positioned to take advantage of all that Farringdon has to offer.

    Herbal Hill Gardens is situated within a cluster of recently developed, best-in-class Farringdon office buildings which include The Ray, Bloom and Kaleidoscope, all of which have benefitted from strong occupier demand and achieved significant lettings over the last 24 months.

    Location

    marker
    Location: Herbal Hill Gardens, Clerkenwell Road, Farringdon, EC1R 3BT

    Farringdon (0.2 miles)

    Chancery Lane (0.3 miles)

    Barbican (0.5 miles)

    Farringdon Rail (0.2 miles)

    Farringdon (0.2 miles)

    Barbican (0.5 miles)

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