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Aldersgate Street, Barbican, London EC1A

OFFICE AND RESTAURANT INVESTMENT IN PROMINENT CITY OF LONDON LOCATION
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  • A prominently located building in The City just a few moments’ walk from Barbican Station.
  • Arranged over lower ground and ground, which trade as a restaurant, and three upper floors arranged as office suites.
  • The accommodation measures:
    • Restaurant – 942 sq ft.
    • Office – 1,036 sq ft.
    • Total – 1,978 sq ft.
  • The restaurant premises is let to individual tenants on a lease that has been holding over since 2003. The passing rent is £21,000 per annum which was set in 2016.
  • The upper parts are let on a lease that expired in 1991 at a passing rent of £12,090 per annum that has not been increased since 1986.
  • Total passing rent is £33,090 per annum.
  • The ERV for the retail unit is £25,000 to £30,000 per annum.
  • ERV of the upper parts once modernised £45,000 per annum.
  • Freehold.
  • VAT is not applicable.
  • We are instructed to seek OIEO £1,000,000 (One Million Pounds) subject to contract.
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