INVESTMENT OPPORTUNITY 1 BERRY PLACE, EC1
A rare opportunity to acquire a freehold Victorian warehouse with original features situated in a quiet courtyard in Clerkenwell. 1 Berry Place provides 7,945 sq ft (GIA) of light industrial accommodation arranged over ground and first floors. There is a mezzanine providing a further 1,339 sq ft which has been excluded from the measurements. The property has the benefit of 3 car parking spaces and 1 loading bay space. The ground floor is majority workshop space with a reception area and office situated at the entrance. There are two further offices located on the first floor. The property benefits from two entrances, including the main entrance as well as a separate door leading directly to the first floor. In addition there are two garage loading doors towards the rear of the property. Originally known as Mulberry Place up until 1939, the property was once owned by Herbert and Sons and was used as a stables for horses that would transport milk around London during the second world war when there was petrol rationing. It was also used partly as a blacksmiths and a scale shop, as well as grinding and polishing shops. The current property is used as a workshop for model makers, and still retains many of its original features. Price 6,750,000 Building type Tenure Deal type Office Freehold Capital value (PSF) 850.00 Size (GIA) Development without income 7,945 SQ FT Marketed by: JLL London Unlimited For more information please visit: https://realla.co/1-berry-place-ec1
Rare freehold Victorian warehouse property in Clerkenwell 7,945 sq ft (GIA) of accommodation Vacant possession achievable following a six month leaseback to current tenants Refurbishment opportunity to create a self contained HQ building Ideally suited for owner-occupiers or property companies Equidistant from Barbican, Angel and Farringdon Underground stations Original character features including exposed timber beams
1 Berry Place, EC1, Data provided by Google
Floor Sq ft Sq m Comments Ground Floor 5,560 516.54 GIA First Floor 2,385 221.57 GIA Total size 7,945 738.12
Location overview The property is situated on the secluded street, Berry Place, just off the junction of Sebastian Street and Goswell Road. Located in the thriving submarket Clerkenwell, the property is equidistant between Barbican and Angel underground stations, both 10 minutes walk from the property. Farringdon Station is also 10 minutes walk from Berry Place, which will be the location of a new Crossrail station when works complete in 2018. Clerkenwell is one of the fastest evolving markets in London, with with many well-known household names moving to the area including Airbnb. Airports London City 6.9m, London Gatwick 26.4m National rail Farringdon 0.5m, Old Street 0.5m, City Thameslink 0.9m Tube Barbican 0.5m, Farringdon 0.5m, Angel 0.5m Lease overview The property is let in its entirety to Kandor Model Makers. They will require a 6 month leaseback upon completion in order to relocate, but full vacant possession will be achievable at the end of this leaseback. Planning overview The property is not listed and is not situated in any conservation area EPC
Offers We have been instructed to invite offers in excess of 6,750,000 for the freehold interest in 1 Berry Place, EC1. Notes: 0207 852 4273 JLL London Unlimited Oscar Matthews 07710 860274 JLL London Unlimited Harry Murphy 07792802640 JLL London Unlimited Michael Davis 07595736484 oscar.matthews@eu.jll.com harry.murphy@eu.jll.com michael.p.davis@eu.jll.com Property descriptions and related information displayed on this page are marketing materials provided by JLL- London Unlimited. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. JLL Dislaimer JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images maybe computer generated. Any photographs show only parts of the property as they appeared at the time they were taken @2015 Jones Lang LaSalle