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11-13 Charterhouse Buildings 3,517 SF Office Condo Unit Offered at $3,225,587 CAD in London EC1M 7AP
INVESTMENT HIGHLIGHTS
- Rare UK University Tenant Investment opportunity in the heart of Clerkenwell, LONDON
- Current Rental Income/Lease Term : £125,000 per annum, Lease expires in December 2028
- Impressive Frontage and offering an internal Lower Ground floor area of 3517 sq ft
- Long Leasehold Sale : £1,750,000 plus VAT - representing a gross yield of 7.14% before costs
- Tenant : Queen Mary University London - Home to 3 of the Faculty of Medicine and Dentistry’s research Institutes
- Includes access to an allocated accessible car parking space in the underground car park
EXECUTIVE SUMMARY
Positioned at the junction of Clerkenwell Road, Old Street, and Goswell Road, the property benefits from exceptional connectivity. Barbican, Farringdon, Old Street, and Moorgate stations are all within a half-mile radius, offering access to multiple Underground lines and National Rail services. The surrounding area is a vibrant mix of academic, cultural, and commercial activity, including the Barbican Centre, Smithfield Market, and Genomics
PROPERTY FACTS
| Total Building Size | 11,659 SF | Typical Floor Size | 2,296 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Building Class | B | Lot Size | 0.21 AC |
| Floors | 5 |
| Total Building Size | 11,659 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 2,296 SF |
| Year Built | 2005 |
| Lot Size | 0.21 AC |
AMENITIES
- Security System
- Signage
- Kitchen
- Storage Space
- Central Heating
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Air Conditioning
- Smoke Detector
1 UNIT AVAILABLE
Unit 13
| Unit Size | 3,517 SF | Sale Type | Investment |
| Price | $3,225,587 CAD | Tenure | Long Leasehold |
| Price Per SF | $917.14 CAD | Cap Rate | 7.14% |
| Condo Use | Office | NOI | $230,306.94 CAD |
| Unit Size | 3,517 SF |
| Price | $3,225,587 CAD |
| Price Per SF | $917.14 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.14% |
| NOI | $230,306.94 CAD |
DESCRIPTION
This is a rare opportunity to acquire a long leasehold investment in the heart of Clerkenwell, London, anchored by a prestigious academic tenant. The Charterhouse Building’s lower ground commercial unit spans 3,517 sq ft and is currently leased to Queen Mary University of London, a globally recognised institution. The lease commenced in December 2018 for a 10-year term, with the tenant opting not to exercise the break clause, securing occupancy until December 2028.
SALE NOTES
The investment offers a gross yield of 7.14% based on the current rental income of £125,000 per annum and a sale price of £1,750,000. The leasehold term has 124 years remaining, and the unit includes an allocated accessible parking space in the underground car park. With a capital value of £530 per sq ft, this asset presents a compelling opportunity for investors seeking stable income from a reputable tenant in a prime London location.
Presented by
11-13 Charterhouse Buildings
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