Prime Freehold Central London Investment/Development Opportunity
Entirely occupied by GSC Solicitors LLP
Refurbishment or residential development potential (Subject to Consents)
Exclusive address adjacent to Holborn Circus
Six Week Completion Available
Walking distance from Chancery Lane Underground Station & Farringdon Underground & Mainline Station
Crossrail completion will establish the location as one of the most important transport hubs in Central London
Lot 14
Auction 18th October 2012
Rent £190,000 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
1 mile from City, 2 miles from West End
Roads
A40, A315, A402, M4
Rail
Chancery Lane Underground Station (Central Line), Farringdon Underground & Mainline Station (Hammersmith & City, Circle, Metropolitan & Thameslink Lines), King’s Cross & St Pancras Underground & Mainline Railway Stations
Air
City Airport, Gatwick International Airport
Situation
The property is situated on the east side of Ely Place, a historic cul-de-sac which lies adjacent to Holborn Circus and Hatton Garden jewellery quarter. Ely Place is ideally positioned in the heart of Central London between the West End and City forming part of an area that is dominated by major corporate office occupiers from sectors including legal and accountancy professions, banking firms and Government offices. De Beers, PricewaterhouseCoopers, Goldman Sachs, Irwin Mitchell, Deloitte and the Old Bailey are all approximatley 5 minutes walking distance from the property.
Tenure
Freehold.
Location
Miles
1 mile from City, 2 miles from West End
Roads
A40, A315, A402, M4
Rail
Chancery Lane Underground Station (Central Line), Farringdon Underground & Mainline Station (Hammersmith & City, Circle, Metropolitan & Thameslink Lines), King’s Cross & St Pancras Underground & Mainline Railway Stations
Air
City Airport, Gatwick International Airport
Situation
The property is situated on the east side of Ely Place, a historic cul-de-sac which lies adjacent to Holborn Circus and Hatton Garden jewellery quarter. Ely Place is ideally positioned in the heart of Central London between the West End and City forming part of an area that is dominated by major corporate office occupiers from sectors including legal and accountancy professions, banking firms and Government offices. De Beers, PricewaterhouseCoopers, Goldman Sachs, Irwin Mitchell, Deloitte and the Old Bailey are all approximatley 5 minutes walking distance from the property.
Tenure
Freehold.
Description
The property, which forms part of a terrace of buildings with a gatehouse entrance, comprises two former Grade II Listed Georgian townhouses now configured as a single office building. The office accommodation benefits from underfloor trunking, suspended ceilings, 6-person passenger lift, comfort cooling units and a reception area leading to the core staircase. The accommodation is arranged over lower ground, ground and four upper floors and following a substantial refurbishment programme in 1999 also includes an extension to the rear of the ground floor. Access is via 32 Ely Place.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register
their details with the Auctioneers and provide identification on site.
Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, which forms part of a terrace of buildings with a gatehouse entrance, comprises two former Grade II Listed Georgian townhouses now configured as a single office building. The office accommodation benefits from underfloor trunking, suspended ceilings, 6-person passenger lift, comfort cooling units and a reception area leading to the core staircase. The accommodation is arranged over lower ground, ground and four upper floors and following a substantial refurbishment programme in 1999 also includes an extension to the rear of the ground floor. Access is via 32 Ely Place.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register
their details with the Auctioneers and provide identification on site.
Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Lower Ground Ground First Second Third Fourth
Ancillary Office Office Office Office Office
80.60 sq m 200.30 sq m 98.00 sq m 97.90 sq m 92.30 sq m 75.10 sq m
15 years from 12/10/1999 ona full repairing and insuringlease
£190,000
11/10/2014
Totals
644.20 sq m
(6,935 sq ft)
£190,000
(1) The property is entirely occupied by GSC Solicitors LLP. Founded in 1972, GSC Solicitors LLP is a commercial law firm with seven partners and 35 staff. Their clients include publicly quoted companies, major institutions, private individuals etc based in he UK and overseas. They have established a reputation for their expertise in corporate, commercial, real estate and intellectual property work, with a specific focus in the media, banking, finance and healthcare sectors. In addition, they are well known for high profile international commercial, tax and trust work. (Source: www.gscsolicitors.com 17/09/2012)
