The Goldsmiths' Company Assay Office, 17 Greville Street
Hatton Garden
London
EC1N 8SQ

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
    11/Dec/2019
  • Rent
    £34,000 per
  • Status
    Available
  • Price*
    £550,000 - £600,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • The Goldsmiths' Company Assay Office, 17 Greville Street<br>Hatton Garden<br>London<br>EC1N 8SQ
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
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 Office10 years from 25/10/2016
until 24/10/2026 (2)
£34,00025/10/2021
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 £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.11.19
    File Size
    10 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    627 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Marshall Hatchick Solicitors The Ancient House, 22 Church Street
Woodbridge
Suffolk
IP12 1DH
Colin Clark 020 7935 3272colin.clark@marshallhatchick.co.uk

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