Freehold Investment Sale – 91 Goswell Road, Clerkenwell, EC1

12th May 2014

Richard Susskind & Company have been instructed to market the above investment. In summary, the opportunity provides the following:

– Freehold
– Prime Clerkenwell location with its renowned fashion, media and technology occupiers, within close walking distance to both Farringdon and Barbican Stations
– Providing 17,117 sq ft approx of high quality office/showroom accommodation
– Arranged over basement, ground and 5 upper floors let to 4 tenants including Knoll International Ltd
– Substantial refurbishment in 2009 with a number of architecturally designed features throughout
– Opportunity to increase existing floor area by approx 2,118 sq ft NIA, by extending to the rear of the property, subject to planning
– Next rent review in September 2014 with market evidence to support ERV of £45.00 per sq ft
– Further opportunity to add value through active asset management
– Current passing rent is £662,879 per annum exclusive of all other outgoings

We are seeking offers for the freehold interest in excess of £12,000,000, exclusive of VAT and subject to contract. A price at this level reflects a net initial yield of 5.22% assuming purchaser’s costs of 5.8% and a capital value of £701 per sq ft.

Should you require any further information or wish to arrange an inspection of the property please do not hesitate to contact Ashley Goodman or Dan Cohen on 020 7831 8311.