Clerkenwell Acquisition

13th December 2011

Richard Susskind & Co are delighted to announce the acquisition of 112-114 Goswell Road, EC1, on behalf of clients. The freehold office investment was purchased for £1.95 Million which reflects a capital value of £336 per sq ft.

The building is arranged on basement, ground and three upper floors with a total floor area of approx 5,789 sq ft. The Metropolitan Police Authority occupies the ground and basement floors and there are no future plans for occupancy.

Placed on the east side of Goswell Road at its junction with Bastwick Street positions it conveniently in-between Farringdon, Old Street and Barbican tube station. These prominent areas form a mixed atmosphere from the business edge of Farringdon to the buzz around the technological Silicon Roundabout area.  This versatility of occupiers has formed a unique creative mix and rendered it highly sought after.

We have a number of other clients seeking similar investment development opportunities in and around city-fringe, please refer any future opportunities to our agents.