42-44 Carter Lane

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Key Points

Summary

Rare opportunity to acquire a prime value add opportunity in a core City of London location within 100 metres of St Paul’s Cathedral.

Description

Due to abortive negotiations, 42-44 Carter Lane is available at revised pricing. A highly attractive period style building occupying a prominent corner position with frontage onto both Carter Lane and Creed Lane. The building provides 2,509 sq. ft. (233.1 sq. m.) of office, retail and ancillary accommodation arranged over lower ground, ground and four upper floors. Typical upper floors provide regular space with excellent levels of natural light. Potential change of use to residential STPP and other usual consents or suitable for owner occupiers and developers as an office refurbishment.
Offers are sought in excess of £1,450,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a capital value of £577 per sq ft overall.

Location

Located in the core of the City of London within close proximity to London landmarks including St Paul’s Cathedral (100m), the Old Bailey (200m) and Goldman Sachs European HQ (400m). The building benefits from excellent transport communications, with Blackfriars, City Thameslink and St Paul’s mainline and underground stations all within a 4 minute walk. Crossrail at Farringdon Station is located only 700m to the north of the building connecting Heathrow in the west to Stratford in the east.

Specifications

Good floor to ceiling height
Excellent natural light
Central heating
Sliding sash windows
Perimeter trunking
Communal tea point
Communal WC facilities