Lindsey House 40 - 42 Charterhouse Street London EC1M 6JN

Lindsey House
40 - 42 Charterhouse Street
London
EC1M 6JN

Central London Public House and Office Investment

Net Rent £118,927.48
Historic Central London location
500 metres north of High Holborn and 200 metres west of The Barbican Centre
Tenants include Be At One Ltd, The Immigration Law Practice, Nick Baker Architects Ltd and Creditflux Ltd
Opposite the historic Smithfield Market
Redevelopment potential (subject to consents)

Lot
45
Auction
23rd October 2014
Rent
Gross: £122,427 per Annum Exclusive
Status
Sold
Price
£1,980,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Interested?

Expand
Photos
Map

Central London Public House and Office Investment

Net Rent £118,927.48
Historic Central London location
500 metres north of High Holborn and 200 metres west of The Barbican Centre
Tenants include Be At One Ltd, The Immigration Law Practice, Nick Baker Architects Ltd and Creditflux Ltd
Opposite the historic Smithfield Market
Redevelopment potential (subject to consents)

Lot 45
Auction 23rd October 2014
Rent Gross: £122,427 per Annum Exclusive
Status Sold
Price £1,980,000
Sector
Leisure
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 200 metres west of Barbican
Roads: A1, Clerkenwell Road (A5201), London Wall (A1211), A201
Rail: Barbican Underground (Circle, Hammersmith, Metropolitan), Farringdon Underground (Circle, Hammersmith, Metropolitan)
Air: London City Airport

Situation

The property is situated in a prominent corner position on the north side of Charterhouse Street, at its junction with Lindsey Street between The Barbican Centre and Farringdon directly opposite the historic Smithfield Market. The location will be further enhanced from the potential redevelopment of Smithfield Market. Nearby occupiers include Gaucho, Pret a Manger, Subway, Eat, Paul and Barclays Bank.

Tenure

Leasehold. Held from City of London Corporation for a term of 99 years from 24th June 1956 until 2055 at a fixed ground rent reserved of £3,500 per annum.

Location

Miles: 200 metres west of Barbican
Roads: A1, Clerkenwell Road (A5201), London Wall (A1211), A201
Rail: Barbican Underground (Circle, Hammersmith, Metropolitan), Farringdon Underground (Circle, Hammersmith, Metropolitan)
Air: London City Airport

Situation

Tenure

Leasehold. Held from City of London Corporation for a term of 99 years from 24th June 1956 until 2055 at a fixed ground rent reserved of £3,500 per annum.

Description

The property comprises public house accommodation on the ground and lower ground floor with self-contained office accommodation on the first, second and third floors. The property benefits from a passenger lift, a roof terrace and frontages to Charterhouse Street and Fox and Knot Street at the side.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
Lower Ground Ground	Public House Public House	68.58 sq m 99.01 sq m	(738 sq ft) (1,066 sq ft)	BE AT ONE LTD on assignment (1)	10 years from 29/09/2013 until 2023	£54,500	29/09/2018
First	Office	97.43 sq m	(1,048 sq ft)	THE IMMIGRATION LAW PRACTICE	5 years from 01/10/2012 (2)	£25,000	(30/09/2017)
Second	Office	97.43 sq m	(1,048 sq ft)	NICK BAKER RCHITECTS LTD	5 years from 21/07/2011	£20,627.48	(20/07/2016)
Third	Office	97.43 sq m	(1,048 sq ft)	CREDITFLUX LTD	6 years from 18/06/2010	£22,300	(17/06/2016)
Totals		459.88 sq m	(4,948 sq ft)			£122,427.48

(1) For the year ending 31/03/2013, Be At One Limited reported a turnover of £11,631,866, pre-tax profits of £331,089 and a total net worth of £471,620.
(Source: www.riskdisk.com 12/09/2014).
(2)The lease provides for a tenant option to determine on 01/10/2015.