13 New North Street
Holborn
Central London
WC1N 3PJ

Central London Office Investment

Let to Drees & Sommer UK Limited
Self-contained offices with direct entrance from the street
Prominent Central London location
Residential conversion potential (subject to consents)
100 metres from Great Ormond Street Hospital
Within walking distance from Holborn and Tottenham Court Road (Crossrail) Stations

Lot
22
Auction
14/Feb/2019
Rent
£85,437 per Annum Exclusive
Status
Available
Price*
Contact Us
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Auction & Property Update

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

Property Information

Location

Miles: 400 metres east of the British Museum, 400 metres west of Gray’s Inn, 0.6 miles to Covent Garden, 1.5 miles to Regent’s Park
Roads: A40, A501, A1, M1
Rail: Russell Square (Piccadilly), Holborn (Piccadilly, Central), Tottenham Court Road (Central, Northern), Euston Railway Station, King’s Cross St. Pancras
Air: London City, London Gatwick, London Heathrow, London Stansted

Situation

The property is situated on a prominent corner on New North Street, approximately 100 metres south of the world renowned Great Ormond Street Hospital and approximately 450 metres north of Holborn Underground Station (Central, Piccadilly). Gray’s Inn, the centre of the legal profession, is some 400 metres to the east. Major office occupiers close by include Media Com, Warner Bros and Unite.

Tenure

Long Leasehold. Held for a term of 125 years from May 1998 at a fixed peppercorn rent.

Description

The property comprises a refurbished ‘Loft Style’ self-contained air-conditioned office accommodation on the ground floor and lower ground. The property forms part of a larger period building that has been converted to residential flats.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground Lower Ground	Office Office	57.99 sq m 91.74 sq m	(624 sq ft) (988 sq ft)	DREES & SOMMER UK LIMITED (1)	5 years from 15/04/2018	£85,437	14/04/2023
Totals		149.73 sq m	(1,612 sq ft)			£85,437

(1) Drees & Sommer UK Limited is part of a leading German real estate and consulting practice. The tenant company was incorporated in April 2020 and is rated by Experian as “Very Low Risk”. For the year ending 31st December 2017, Drees & Sommer UK Limited reported a total net worth of £192,669.