The property is situated in a prominent corner position on the north side of Charterhouse Street, at its junction with Lindsey Street between The Barbican Centre and Farringdon directly opposite the historic Smithfield Market. The location will be further enhanced from the potential redevelopment of Smithfield Market. Nearby occupiers include Gaucho, Pret a Manger, Subway, Eat, Paul and Barclays Bank.
Tenure
Leasehold. Held from City of London Corporation for a term of 99 years from 24th June 1956 until 2055 at a fixed ground rent reserved of £3,500 per annum.
Location
Miles
200 metres west of Barbican
Roads
A1, Clerkenwell Road (A5201), London Wall (A1211), A201
The property is situated in a prominent corner position on the north side of Charterhouse Street, at its junction with Lindsey Street between The Barbican Centre and Farringdon directly opposite the historic Smithfield Market. The location will be further enhanced from the potential redevelopment of Smithfield Market. Nearby occupiers include Gaucho, Pret a Manger, Subway, Eat, Paul and Barclays Bank.
Tenure
Leasehold. Held from City of London Corporation for a term of 99 years from 24th June 1956 until 2055 at a fixed ground rent reserved of £3,500 per annum.
Description
The property comprises public house accommodation on the ground and lower ground floor with self-contained office accommodation on the first, second and third floors. The property benefits from a passenger lift, a roof terrace and frontages to Charterhouse Street and Fox and Knot Street at the side.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises public house accommodation on the ground and lower ground floor with self-contained office accommodation on the first, second and third floors. The property benefits from a passenger lift, a roof terrace and frontages to Charterhouse Street and Fox and Knot Street at the side.
VAT
VAT is not 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)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
Lower Ground Ground
Public House Public House
68.58 sq m 99.01 sq m
(738 sq ft) (1,066 sq ft)
BE AT ONE LTD on assignment (1)
10 years from 29/09/2013 until 2023
£54,500
29/09/2018
First
Office
97.43 sq m
(1,048 sq ft)
THE IMMIGRATION LAW PRACTICE
5 years from 01/10/2012 (2)
£25,000
(30/09/2017)
Second
Office
97.43 sq m
(1,048 sq ft)
NICK BAKER RCHITECTS LTD
5 years from 21/07/2011
£20,627.48
(20/07/2016)
Third
Office
97.43 sq m
(1,048 sq ft)
CREDITFLUX LTD
6 years from 18/06/2010
£22,300
(17/06/2016)
Totals
459.88 sq m
(4,948 sq ft)
£122,427.48
(1) For the year ending 31/03/2013, Be At One Limited reported a turnover of £11,631,866, pre-tax profits of £331,089 and a total net worth of £471,620. (Source: www.riskdisk.com 12/09/2014). (2)The lease provides for a tenant option to determine on 01/10/2015.
