Farringdon Road Freehold Sold

16th May 2013

Richard Susskind and Company are very pleased to announce that we have sold the freehold of 161 Farringdon Road on behalf of our client Markbest Ltd.

The vacant property was purchased by a private investor for £3.5 million. Previously let to Service Point UK, the property benefits from natural light on three sides, open-plan floors and a private patio garden.

The building consists of a total of 10,082 Sq Ft over six floors and is only a short walk away from Farringdon and Chancery Lane train stations. It is also located next to Britain’s first gastro pub, The Eagle.

Director at Susskinds Jonathan Franks who sold the building says, “This is an example of yet another investor seeking holdings in an area with obvious rental growth. Given its proximity to Exmouth Market, Mount Pleasant and Farringdon Station, this micro-market is improving rapidly.”

Richard Susskind & Company acted for Markbest Ltd, Granby Martin acted for the private investor.