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  3. Camden, London

Medivet Portfolio – Camden, London

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Shop for sale

£2,700,000 (offers in excess of)

Contact name
Henry Claridge
Property type
Shop for sale
Asking price
£2,700,000 (offers in excess of)
Tenure
Long leasehold
Deal type
Investment
WAULT to break
14 years 8 months
WAULT to expiry
14 years 8 months
Brochure
Download the brochure

Property description

Rare London Portfolio Investment Opportunity

Portfolio for Sale

45 Grays Inn Road, WC1
• Long Leasehold (997 years)
• Peppercorn Rent
• 3,046 sq ft (GIA)
• Let to Medivet Group
• 14.86 lease term unexpired
• £108,000 per annum exclusive

15 Clerkenwell Road, EC1
• Long Leasehold (140 years)
• Peppercorn Rent
• 1,057 sq ft (GIA)
• Let to Medivet Group
• 14.86 lease term unexpired
• £42,000 per annum exclusive

  • Opportunity to acquire a portfolio of two single let commercial units
  • Established location in the heart of Bloomsbury and Clerkenwell, with excellent connections across London
  • Let to Medivet Group Limited
  • Approximately 14.86 years unexpired lease terms
  • Total current income of £150,000 per annum exclusive
  • Seeking offers in excess of £2,700,000 subject to contract and exclusive of VAT for the benefit of our client’s long leasehold interests. A purchase at this level would reflect a net initial yield of 5.21%, after purchasers’ costs of 6.41%
  • Offers may be considered for the individual units

The properties are situated in the established Central London locations of Bloomsbury and Farringdon. Both are a short distance from Farringdon Station (Elizabeth Line – Dec 2019). Farringdon is one of Central London’s most diverse and thriving districts, with an eclectic mix of culture and amenities. In the surrounding areas there is an ever expanding list of popular restaurants and high profile office occupiers all anticipating the arrival of Crossrail.

This shop for sale is located in Camden, London.

Search for all available commercial properties for sale in Camden, London

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