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
    Sold Post
  • Price*
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • 13 New North  Street<br>Holborn<br>Central London<br>WC1N 3PJ
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  • Map

* 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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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
£85,43714/04/2023
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.

Property Documents

  • Site Plan
    Updated Date
    07.05.19
    File Size
    982 KB
    View PDF
  • Catalogue Page
    Updated Date
    07.05.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 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 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Chown Commercial Limited 24 Bridge Street
Northampton
NN1 1NT
Simon Chown 01604 604050 spc@chowncommercial.co.uk
Seller's Solicitors
Laytons LLP 2 More London Riverside
London
SE1 2AP
Mark Reis 0207 842 8034Mark.reis@laytons.com

Useful Links

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