FOR SALE 14 Dufferin Street, London, EC1

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Marilynn Barnett
5 years ago
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FOR SALE 14 Dufferin Street, London, EC1 INVESTMENT SUMMARY Rare Freehold Opportunity in EC1 Self-Contained Office

offices. Third and Fourth Floors are fitted out as a duplex apartment.

Offices let at a low passing rent of 59,328 per annum ( 23.29 per sq ft) with strong reversionary potential.

1 FOR SALE 14 Dufferin Street, London, EC1 INVESTMENT SUMMARY Rare Freehold Opportunity in EC1 Self-Contained Office Building comprising 3,972 sq ft in highly sought after Location Lower Ground to Second Floor currently occupied as offices. Third and Fourth Floors are fitted out as a duplex apartment. Offices let to RQ Spaces Limited for a term until 12 July Offices let at a low passing rent of 59,328 per annum ( per sq ft) with strong reversionary potential. Duplex Apartment currently vacant with potential to convert it back into B1 use. Offers invited in excess of 3,500,000, reflecting a Low capital value of 880 per sq ft overall. 48 Gracechurch Street, London, EC3V 0EJ

MAP 14 Dufferin St LOCATION 14 Dufferin Street is located on the North Side of

Old street is 100m to the North and City Road 200m to the East.

becoming a major internationally renowned tech and media hub.

White Collar Factory and Helical Bar s Bower Scheme both on the Old Street

The property is within easy walking distance of Barbican and Moorgate Undergound

Station (Northern line)and Liverpool Street Underground (Central, Circle,

2 MAP 14 Dufferin St LOCATION 14 Dufferin Street is located on the North Side of Dufferin Street, at it s junction with Cahill Street. Old street is 100m to the North and City Road 200m to the East. The Old Street area has undergone significant transformation over the last 5 years becoming a major internationally renowned tech and media hub. A number of high profile local developments are underway including Derwent London s White Collar Factory and Helical Bar s Bower Scheme both on the Old Street Roundabout. The property is within easy walking distance of Barbican and Moorgate Undergound Station (Circle, Metropolitan, Hammersmith & City lines) Old Street Underground Station (Northern line)and Liverpool Street Underground (Central, Circle, Metropolitan, Hammersmith & City lines) and main line station. Crossrail will open at Liverpool Street in 2018 providing improved connectivity and airport access. For indicative purposes only. Not to Scale. LOCATION PLAN A Unique Location in Popular Clerkenwell

The building was refurbished immediately prior to the current tenant s occupation and has been fitted out for use as serviced offices with common amenities throughout the building.

3 DESCRIPTION The property is a self-contained warehouse style building on lower ground, ground and four upper floors. The lower floors are B1 offices with the upper two floors having been used as a 3 bed duplex apartment. The building was refurbished immediately prior to the current tenant s occupation and has been fitted out for use as serviced offices with common amenities throughout the building. There are a number of kitchenettes throughout the building. AMENITIES The accommodation was refurbished in 2012 and benefits from the following: Excellent Natural light Original exposed brickwork Wooden floors Stylish reception Central heating Kitchen facilities ACCOMMODATION The property has been measured by Murphy Asset Services in accordance with the 6 th edition of the RICS Code of Measuring Practice. The property comprises a total net internal area of 3,972 square feet as follows: Floor Sq Ft Sq m 4 th rd nd st Ground Basement Total 3, Typical Floorplan for Indicative Purposes. Not to Scale.

TENURE The property is held Freehold under registered title number

of 59,238 per annum. The full rent equates to 23.

4 TENURE The property is held Freehold under registered title number NGL TENANCY The basement to second floors are let to RQ Spaces Limited. The lease is dated 13 th July 2012 and is for a term of 5 years at a rent of 59,238 per annum. The full rent equates to per square foot overall for basement to second floors. RQ Spaces Limited is a private company specialising in providing high quality flexible working spaces to the creative sector.

PLANNING The building is situated in the London Borough of Islington and we understand it has planning consent for B1 office use throughout. VAT The property is elected for VAT.

5 PLANNING The building is situated in the London Borough of Islington and we understand it has planning consent for B1 office use throughout. VAT The property is elected for VAT. EPC The property has an Energy Performance Asset Rating of D 91. The full Energy Performance Certificate is available on request. PROPOSAL Offers Invited for the Freehold Interest in excess of 3,500,000, (three million five hundred thousand pounds) exclusive of VAT. A purchase at this level reflects a capital value of 880 per sq ft overall. CONTACT US By appointment through sole agents: BBG Real Estate Giles Godbold giles.godbold@bbgreal.com Robert Douglas Robert.douglas@bbgreal.com Misrepresentation Act: These particulars are intended to give a fair description of the property and any intending lessees/purchasers must satisfy themselves as to their accuracy. They do not form part of any contract and whilst every effort has been made to ensure accuracy, this cannot be guaranteed. The Code for Leasing Business Premises in England and Wales 2007 strongly recommends that you seek advice from a qualified property professional before agreeing or signing a business tenancy agreement. The code is available through the institutions and trade associations or on

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