Bowling Green Lane, Clerkenwell, London, EC1R

FOR SALE: Rarely available Clerkenwell Freehold with potential for vacant possession and attractive capital value of £670 p/sq/ft.

This handsome period flat-fronted period building enjoys a mid-terrace position along the peaceful and well-served Clerkenwell back-water that is Bowling Green Lane. The property comprises c. 2,088 sq/ft. (194 sq.m.) arranged across five distinct floors with the current commercial occupiers each enjoying a lateral level of their own with a mixture of self-contained and shared kitchen, washroom and storage facilities to the rear of the building. Generating c. £60,000 per annum, the building has been assessed at being able to deliver a Projected Rental Income of c. £85,000 per annum, post further refurbishment.

The property is presented in very good decorative order and benefits from excellent levels of natural light and a range of graded office spaces that would either benefit from a light refresh to those that have being completely refurbished throughout. The vendor informs us that in accordance with Schedule of Occupational Leases below, full vacant possession can be secured with 3 months’ notice.

Number 14 Bowling Green Lane also enjoys a highly favourable PTAL rating of 6a indicating a near perfect set of results for its proximity to public transport.

This building now presents a rare opportunity for an owner-occupier to secure a handsome self-contained Freehold in the heart of Clerkenwell with flexible use classes, subject to securing the necessary consents.

Bowling Green Lane is a relatively discreet backwater in the heart of Farringdon that enjoys both superb transport connections and a broad range of local retail, restaurant and entertainment facilities that serve the local residential and office-based population to an exceptional degree.

The subject property enjoys the benefit of numerous local bus routes and is a 10 minute walk to Farringdon Station which has the desirable advantage of both the Elizabeth Line and multiple tube lines (Metropolitan, Circle, Hammersmith & City).

The property also enjoys the immediate delights of Exmouth Market with its eclectic mix of eateries and unique retailers as well as the famous Old Session House Members Club and restaurant and the extensive and inspiring delights of the Smithfield district with its broad range of bars, clubs and restaurants.