Auction House London

Lot 17

 

141-142 Fenchurch Street

London, EC3M 6BL

Sold for £875,000.

A Well Located Leasehold Retail & Office Investment. Fully Let Producing a Net Income of £87,152 per annum

Description

Location

The property occupies a prominent position on Fenchurch Street in the heart of the City of London. Nearby occupiers include Boots, Marks & Spencers, Sainsburys and numerous other well known multiples. Leadenhall Market and the iconic “Gherkin” building are within close proximity. Transport links are provided by Monument underground station (Circle and District lines) and London Fenchurch Street rail station.

Tenure (2nd Column)

Leasehold from the Wardens and Commonalty of the Mystery of Goldsmiths of the City of London for a term of 99 years from 29th September 1973 at a current rent of £101,250 p.a

Description (2nd Column)

The property comprises a mid terrace building arranged over lower ground, ground and seven upper floors. The building is internally arranged to provide a ground floor and basement shop with eight self contained offices on the upper floors. The property benefits from air conditioning, suspended ceiling and passenger lift.

Viewing Details

Please refer 0207 625 9007

Accommodation & Tenancy Schedule

Floor Accommodation Lessee Lease Term Current Annual Rent Notes
Ground/Basement Sales and Ancillary HOFFI BARBERS LIMITED 10 years from 21st May 2012 £48,000 5 Yearly Reviews
Ground Offices HORNER BLAKEY LTD 5 years from 30th April 2012 £10,410 3 Yearly Reviews
First Offices INCEPTA RISK MANAGEMENT LTD 5 years from 1st November 2013 £30,375 N/A
Second Offices ROSS GOWER LTD 6 years from 1st December 2014 £19,656 3 Yearly Reviews
Third Offices ROSS GOWER LTD 6 years from 1st December 2014 £19,656 3 Yearly Reviews
Fourth Offices TITAN CONSTRUCTION MANAGEMENT LTD 6 years from 2nd April 2014 £16,605 3 Yearly Reviews
Fifth Offices INTNL UNION OF AEROSPACE INSURERS 5 years from 22nd February 2012 £15,500 3 Yearly Reviews
Sixth Offices ATLANTIC INSURANCE LIMITED 5 years from 23rd March 2011 £16,200 N/A
Seventh Offices ATTICUS SEARCH LIMITED 5 years from 2nd March 2010 £12,000 3 Yearly Reviews

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

View Details as PDFEnquire Now
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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