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25   May,   2018

DTZ Investors marketing 80 Clerkenwell Road for sale

A Ben Adams Architects designed redevelopment, completed to an exceptional standard in 2017. This 12,387 sq ft building comprises 4,057 sq ft of showroom accommodation at ground and lower ground floors and 8,330 sq ft of new office accommodation arranged over the 1st to 5th floors. The building is prominently located on the corner of Clerkenwell Road and St John Street in the heart of Farringdon and is fully-let to five tenants producing a total passing rent of £914,524.50 per annum (£73.83 per sq ft). The property provides a weighted average unexpired lease term of 8.37 years (5.63 years to break). Colliers have been instructed to seek offers in excess of £15.95 million, which reflects a net initial yield of 5.37%.

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