Barbican House 26-34 Old Street Islington London EC1V 9AB

Barbican House
26-34 Old Street
Islington
London
EC1V 9AB

Major Freehold Office Investment

Entirely let to an established firm of accountants until December 2019
Next rent review 2014
Close to the junction with the busy Goswell Road (A1)
Approximately 700 metres north of London Wall and the City of London

Lot
11
Auction
8th July 2010
Rent
£164,026 per Annum
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Major Freehold Office Investment

Entirely let to an established firm of accountants until December 2019
Next rent review 2014
Close to the junction with the busy Goswell Road (A1)
Approximately 700 metres north of London Wall and the City of London

Lot 11
Auction 8th July 2010
Rent £164,026 per Annum
Status Withdrawn Post
Price
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: Approximately 700 metres north of the City of London; 2 miles east of the West End
Roads: A5201, A1, A10
Rail: Barbican Rail/Underground (Metropolitan, Circle and Hammersmith & City lines), Old Street Rail/Underground (Northern Line)
Air: City Airport

Situation

The property is prominently situated on the southern side of the popular Old Street (A5201) at the junction with Domingo Street just east of the busy Goswell Road (A1).

Tenure

Freehold.

Location

Miles: Approximately 700 metres north of the City of London; 2 miles east of the West End
Roads: A5201, A1, A10
Rail: Barbican Rail/Underground (Metropolitan, Circle and Hammersmith & City lines), Old Street Rail/Underground (Northern Line)
Air: City Airport

Situation

The property is prominently situated on the southern side of the popular Old Street (A5201) at the junction with Domingo Street just east of the busy Goswell Road (A1).

Tenure

Freehold.

Description

The property comprises a SUBSTANTIAL OFFICE BUILDING providing accommodation on basement, ground and four upper floors. There is access to the rear from Crescent Row and the property benefits from a passenger lift and part air-conditioning, which has been installed by the tenant, suspended ceilings, perimeter trunking and two undercroft parking spaces.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground Ground First Second Third Fourth	Ancillary Office Reception Office Office Office Office	101.3 sq m 79.2 sq m 35.5 sq m 151.8 sq m 157.0 sq m 152.5 sq m 154.9 sq m	(1,090 sq ft) (853 sq ft) (382 sq ft) (1,634 sq ft) (1,690 sq ft) (1,642 sq ft) (1,667 sq ft)	MR D S FRANKS, MR L R BLACKSTONE, MR S THAKRAR & MR R MASS (t/a Blackstone Franks LLP Chartered Accountants) (1)	25 years from 25/12/1994 until 24/12/2019 on a full repairing and insuring lease	£164,026	25/12/2014
Totals		832.2 sq m	(8,958 sq ft)			£164,026

(1)For the year ending 30th April 2008 Blackstone Franks LLP reported a turnover of 1,108,000, pre-tax profits of 177,000 and a net worth of 286,000 and for the year ended 30th April 2009 reported a net worth of 384,000. (Source: riskdisk.com 07/06/2010) Blackstone Franks LLP Chartered Accountants have been selling businesses for 20 years and work on behalf of a number of international clients looking to purchase businesses in the UK. Over the years they have established sources of finance from institutions to high net worth individuals.