Sold

Prime Midtown Office Investment Opportunity, London WC1

44 Bedford Row, London WC1

Sold for £1,525,000

Property Type:
Commercial
Sub Type:
Office
Tenure:
Long Leasehold
Net Initial Yield:
5.25%
Site Area:
2,539 sq.ft [236 sq.m]

Lease Term

Virtual Freehold interest held on a 999 year Long Leasehold from 27th November 2013 at a peppercorn rent.

Tenancy

Let to Wells Tobias Recruitment Limited for a term of 15 years from September 2013 with a mutual option to determine at the 7th anniversary of the term, outside the security of tenure provisions of the Landlord and Tenant Act 1954.

Income

£85,000 per annum

Description

  • Prime Midtown Office Investment.
  • Prominent corner position on the western side of Bedford Row at its junction with Sandland Street.
  • Excellent transport connectivity with Holborn, Chancery Lane and Farringdon stations all within walking distance.
  • Originally constructed in 1861, the property was converted in 2013 to provide approximately 2,539 sq ft (235.88 sq m) of office accommodation arranged over basement and ground floors, with 18 residential apartments above.
  • The upper floors, comprising residential apartments have been sold off and do not form part of the sale.