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
  • Sector
    Leisure
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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

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.

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

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.

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.

Property Documents

  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    01.10.14
    File Size
    49 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Waller Pollins Goldstein Premier House, 112 Station Road
Edgware
Middlesex
HA8 7BJ
Keith Goldstein 208 238 5858kgoldstein@wallerpollins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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