PRIME FARRINGDON MIXED-USE INVESTMENT
- Located in the heart of Farringdon with an electric mix of restaurants, cafes, hotels and cultural amenities.
- Situated less than 0.3 miles to Farringdon station, providing access to the Circle, Hammersmith & City and Metropolitan lines together with Thameslink and Elizabeth line services.
- Comprising 4,154 sq ft GIA.
- The ground and lower ground floor is let to Lebanese Grill VIP Ltd on a 15 year lease from November 2023 (12.9 years term certain).
- The uppers floors are arranged as 18 self-contained units, on a management agreement with Home to Host Ltd.
- Current passing rent £277,000 per annum.
- Freehold.
PROPOSAL
We are instructed to seek offers in excess of £3,250,000 (Three Million, Two Hundred and Fifty Thousand Pounds) subject to contract.
A Purchase at the asking price would reflect a Net Initial Yield of 8% assuming standard purchasers costs of 6.48%.
