14 Bowling Green Lane, Clerkenwell, London, EC1R 0BD
2,088 Sq Ft / Offices
For Sale
- £1,400,000.00
Under Offer - Last updated: 30 October 2024
Summary
This handsome period flat-fronted period building enjoys a mid-terrace position along the peaceful and well-served Clerkenwell back-water that is Bowling Green Lane. The property comprises c. 2,088 sq/ft. (194 sq.m.) arranged across five distinct floors with the current commercial occupiers each enjoying a lateral level of their own with a mixture of self-contained and shared kitchen, washroom and storage facilities to the rear of the building. Generating c. £60,000 per annum, the building has been assessed at being able to deliver a Projected Rental Income of c. £85,000 per annum, post further refurbishment.
The property is presented in very good decorative order and benefits from excellent levels of natural light and a range of graded office spaces that would either benefit from a light refresh to those that have being completely refurbished throughout. The vendor informs us that in accordance with Schedule of Occupational Leases below, full vacant possession can be secured with 3 months’ notice.
Number 14 Bowling Green Lane also enjoys a highly favourable PTAL rating of 6a indicating a near perfect set of results for its proximity to public transport.
This building now presents a rare opportunity for an owner-occupier to secure a handsome self-contained Freehold in the heart of Clerkenwell with flexible use classes, subject to securing the necessary consents.
Key Points
Immediately handsome Freehold.Opportunity to add value via change of use (STPP).Trendy EC1 location.Part occupied with current income of c. £62,000 p/a.Attractive Capital Value of £670 p/sq/ft.Excellent transport connections.Location
Bowling Green Lane is a relatively discreet backwater in the heart of Farringdon that enjoys both superb transport connections and a broad range of local retail, restaurant and entertainment facilities that serve the local residential and office-based population to an exceptional degree.
The subject property enjoys the benefit of numerous local bus routes and is a 10 minute walk to Farringdon Station which has the desirable advantage of both the Elizabeth Line and multiple tube lines (Metropolitan, Circle, Hammersmith & City).
The property also enjoys the immediate delights of Exmouth Market with its eclectic mix of eateries and unique retailers as well as the famous Old Session House Members Club and restaurant and the extensive and inspiring delights of the Smithfield district with its broad range of bars, clubs and restaurants.Terms
Proposal: ‘Guide Price’ of £1,400,000
EPC: Currently commissioned.
VAT: The property is not elected for VAT.
Rateable Value: £40,650 P/A
Rates Payable: Approx. £20,325 P/A. We strongly recommend that you verify the rates with the London Borough of Islington.
Tenure: Freehold.
FURTHER INFORMATION:
Should you wish to arrange an inspection or require further information, please contact the sole selling agents:-
Chris Ryan
cryan@winkworth.co.uk
M: 07385 413368
Tom Lewin
tlewin@winkworth.co.uk
M: 07783 250337
Winkworth Clerkenwell
T: 020 7405 1288
E: dfletcher@winkworth.co.uk
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,400,000.00
| NA |
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