Let to a furniture showroom until October 2038 (no breaks)
Forming part of The Lexicon mixed-use development
Floor area of approx. 119.80 sq m (1,289 sq ft)
5 yearly Rent Reviews
Prime City Road location in central London, close to Old Street, the Barbican and the City of London.
600 metres from Angel & Old Street Underground stations
Nearby occupiers include Co-op, McDonald’s and Simply Fresh.
Lot 13A
Auction 29th October 2026
Rent £74,500 per Annum Exclusive
Status Available
Guide* £750,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1 mile north of St Paul's Cathedral, 1 mile east of King's Cross
Roads
A1, A40, A5201
Rail
Angel Underground Station (Northern Line - Zone 1), Old Street Underground Station (Northern Line - Zone 1)
Air
London City Airport
Situation
The property is located on City Road, equidistant between Angel and Old Street, within an established mixed-use area benefiting from significant residential and commercial development. The property occupies a position adjacent to City Road Basin within the Lexicon, a prestigious modern mixed-use development boasting 300 apartments, close to the Old Street technology and business district. Angel and Old Street Underground stations are both within walking distance. Nearby occupiers include Co-op, McDonald’s and Simply Fresh.
Tenure
Long Leasehold. Held for a term of 150 years less 10 days from 14/06/2001 at a peppercorn ground rent.
Location
Miles
1 mile north of St Paul's Cathedral, 1 mile east of King's Cross
Roads
A1, A40, A5201
Rail
Angel Underground Station (Northern Line - Zone 1), Old Street Underground Station (Northern Line - Zone 1)
Air
London City Airport
Situation
The property is located on City Road, equidistant between Angel and Old Street, within an established mixed-use area benefiting from significant residential and commercial development. The property occupies a position adjacent to City Road Basin within the Lexicon, a prestigious modern mixed-use development boasting 300 apartments, close to the Old Street technology and business district. Angel and Old Street Underground stations are both within walking distance. Nearby occupiers include Co-op, McDonald’s and Simply Fresh.
Tenure
Long Leasehold. Held for a term of 150 years less 10 days from 14/06/2001 at a peppercorn ground rent.
Description
The property comprises a ground floor commercial unit currently used as a furniture showroom, forming part of a larger prestigious mixed-use development.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor commercial unit currently used as a furniture showroom, forming part of a larger prestigious mixed-use development.
VAT
VAT is 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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Showroom/Office
119.80
(1,289)
INDIVIDUAL t/a a furniture showroom
12 years from 12/10/2026
£74,500 (1)
12/10/2031 12/10/2036
Total
119.80
(1,289)
£74,500
N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (1) The lease provides for a 6 month rent free period, the Seller will 'top-up' the rent from completion of the sale until the end of the rent free period. The property will effectively produce £74,500 per annum from completion of the sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
