Retail/Jewellery Workshop Investment in Renowned Central London Location
Let to The Warden & Commonalty of the Mystery of Goldsmiths of the City of London
10 year lease renewal from October 2016 (subject to option)
Between Farringdon Station and Hatton Garden, in Hatton Garden's Jewellery Quarter
Nearby occupiers include Amazon, Warner Brothers, Saatchi and Saatchi, Deloitte,
J Sainsbury Plc and retailers including Tesco Express, Boots the Chemist, JD Wetherspoon and a number of well known jewellers
Lot 19
Auction 11th December 2019
Status Sold
Price £685,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
0.1 miles west of Farringdon Station
0.3 miles north-east of Chancery Lane Underground Station (Central Line)
Roads
Farringdon Street, A40
Rail
Farringdon Station, Chancery Lane
Air
London City
Situation
The property is located in a thriving commercial district in Clerkenwell, approximately 1/4 of a mile north of the City of London and within easy reach of London's West End and Holborn. The area benefits from excellent communications, being close to Farringdon Tube and Rail Station (Hammersmith & City and Circle Lines) and Chancery Lane Tube Station (Central Line). Greville Street forms part of London's affluent jewellery quarter in Hatton Garden, world renowned for the trading of jewellery. The area is becoming one of London's most up and coming locations, attracting occupiers that include Amazon, Warner Brothers, Saatchi and Saatchi, Deloitte, J Sainsbury Plc and retailers including Tesco Express, Boots the Chemist, JD Wetherspoon and a number of well known jewellers. The area is to benefit from the opening of Crossrail Farringdon Station, which is located a short distance from the property.
Tenure
Virtual Freehold. Held for a term of 999 years from
9th January 2007 at a peppercorn rent.
Location
Miles
0.1 miles west of Farringdon Station
0.3 miles north-east of Chancery Lane Underground Station (Central Line)
Roads
Farringdon Street, A40
Rail
Farringdon Station, Chancery Lane
Air
London City
Situation
The property is located in a thriving commercial district in Clerkenwell, approximately 1/4 of a mile north of the City of London and within easy reach of London's West End and Holborn. The area benefits from excellent communications, being close to Farringdon Tube and Rail Station (Hammersmith & City and Circle Lines) and Chancery Lane Tube Station (Central Line). Greville Street forms part of London's affluent jewellery quarter in Hatton Garden, world renowned for the trading of jewellery. The area is becoming one of London's most up and coming locations, attracting occupiers that include Amazon, Warner Brothers, Saatchi and Saatchi, Deloitte, J Sainsbury Plc and retailers including Tesco Express, Boots the Chemist, JD Wetherspoon and a number of well known jewellers. The area is to benefit from the opening of Crossrail Farringdon Station, which is located a short distance from the property.
Tenure
Virtual Freehold. Held for a term of 999 years from
9th January 2007 at a peppercorn rent.
Description
The property comprises ground floor retail accommodation with basement workshop/ancillary, which forms part of a larger six storey building.
VAT
VAT is applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk
Description
The property comprises ground floor retail accommodation with basement workshop/ancillary, which forms part of a larger six storey building.
VAT
VAT is applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement
Retail/Assay Office Workshop/Marking Room
38.54 sq m 35.38 sq m
(415 sq ft) (381 sq ft)
THE WARDEN AND COMMONALTY OF THE MYSTERY OF GOLDSMITHS OF THE CITY OF LONDON (1) t/a The Goldsmiths’ Company Assay Office
10 years from 25/10/2016 until 24/10/2026 (2)
£34,000
25/10/2021
Total
73.92 sq m
(796 sq ft)
£34,000
(1) The Worshipful Company of Goldsmiths, more commonly known as The Goldsmiths' Company, is one of the Twelve Great Livery Companies of the City of London and received its first royal charter in 1327 (Source: thegoldsmiths.co.uk 12/11/2019). This property specialises in priority hallmarking services for small quantities of items and is conveniently sited for the local community of Hatton Garden. (2) The lease is subject to a tenant option to determine on 25th October 2021.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
