Offers over
£2,500,000
(£586.03/sq. ft)
Office for salePear Tree Court, 58 Farringdon Road, Farringdon EC1R
4,266 sq. ft
Freehold
About this property
Prime Corner Freehold Office/Showroom accommodation
Self Contained with two entrances
4,266 sqft over Lower Ground, Ground and First Floors
Raised Floors
Attractive Ground Rent invetsment, with ground rents doubling to £10,000 per annum in June 2024
Description
A prime, self contained Freehold in central Farringdon, 250 meters from Farringdon Station.
Corner building fronting Farringdon Road and Pear Tree Court. The commercial element is self contained with two entrances on Farringdon Road, meaning the three floors can be occupied on a floor by floor basis.
The building has recently undergone a comprehensive refurbishment and benefits form excellent floor to ceiling heights.
The 18 residential flats are sold off on 999 year leases from 1999 and are accessed via a separate entrance on Pear Tree Court.
The passing ground rent is £5,000 per annum and doubles in June 2024 to £10,000 per annum. In June 2059 it increases to £20,000 per annum and then increases again to £25,000 per annum from June 2084.
We are seeking offers in excess of £2,500,000 reflecting a capital value of £586 per sq ft.
Location
58 Farringdon Road is situated in a prime Farringdon location, 250 metres from Farringdon Station’s Turnmill entrance providing access to the new Elizabeth Line (Crossrail), Thameslink and London Underground network.
Crossrail: Tottenham Court Road (2 mins), Bond Street (4 mins), Paddington (8 mins), Heathrow Airport (31 mins).
Both Leather Lane and Exmouth Street Markets are within a 5 minute walk offering an array of street vendors, bars, cafes and restaurants.
A prime, self contained Freehold in central Farringdon, 250 meters from Farringdon Station.
Corner building fronting Farringdon Road and Pear Tree Court. The commercial element is self contained with two entrances on Farringdon Road, meaning the three floors can be occupied on a floor by floor basis.
The building has recently undergone a comprehensive refurbishment and benefits form excellent floor to ceiling heights.
The 18 residential flats are sold off on 999 year leases from 1999 and are accessed via a separate entrance on Pear Tree Court.
The passing ground rent is £5,000 per annum and doubles in June 2024 to £10,000 per annum. In June 2059 it increases to £20,000 per annum and then increases again to £25,000 per annum from June 2084.
We are seeking offers in excess of £2,500,000 reflecting a capital value of £586 per sq ft.
Location
58 Farringdon Road is situated in a prime Farringdon location, 250 metres from Farringdon Station’s Turnmill entrance providing access to the new Elizabeth Line (Crossrail), Thameslink and London Underground network.
Crossrail: Tottenham Court Road (2 mins), Bond Street (4 mins), Paddington (8 mins), Heathrow Airport (31 mins).
Both Leather Lane and Exmouth Street Markets are within a 5 minute walk offering an array of street vendors, bars, cafes and restaurants.
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