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Agent's details

57-59 West Smithfield, EC1A

For sale: £1,600,000.00|2,915 Sq Ft|Mixed Use, Other Property Types & Opportunities

Property details

FOR SALE£1,600,000.00
SIZE2,915 Sq Ft
ADDRESS57-59 West Smithfield, London, EC1A 9DS
TYPEMixed Use, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON4th April 2024

Description

Key Points

  • Rare opportunity
  • Freehold investment
  • Prominent location
  • Mixed-use building
  • Passing rent £83,907 pa
  • Potential for rental growth
  • Summary

    Prime Farringdon Freehold Investment Opportunity

    Description

    57-59 West Smithfield comprises an attractive, Grade II Listed six storey building providing two commercial units across ground and basement with
    residential apartments on the upper floors.

    57 West Smithfield is arranged to provide a restaurant unit on ground floor with kitchen and storage at basement level. The restaurant provides approximately 40 covers and benefits from both a side frontage and a rear frontages onto St Bartholomew the Great Courtyard.

    59 West Smithfield is currently arranged to provide a bar on the ground floor with ancillary storage at basement level. It also benefits from a side frontage onto Cloth Fair.

    The upper floors are separately accessed and comprise 17 residential apartments which have been sold off on long leases.

    Location

    57-59 West Smithfield is located in the heart of Farringdon, on the southern side of Smithfield Market and adjacent to Barts Square.

    The local area is characterised by a diverse mix of architecture, from converted warehouses and period buildings to ground-breaking contemporary
    developments.

    Farringdon is one of the most vibrant districts in London and is home to a diverse mix of global businesses from the tech, fashion, finance and creative sectors. Local occupiers include Amazon, Snap, Goldman Sachs, TikTok, LinkedIn, Adidas and Kurt Geiger.

    Farringdon also boasts one of London’s best food and beverage scenes with notable restaurants including Smiths of Smithfield, St John, Moro and Luca.

    Location

    marker
    Location: 57-59 West Smithfield, London, EC1A 9DS

    Barbican (0.1 miles)

    Farringdon (0.3 miles)

    St. Paul's (0.3 miles)

    Barbican (0.2 miles)

    Farringdon (0.2 miles)

    Farringdon Rail (0.3 miles)

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