Industrial for sale in West Smithfield, London EC1A, £1,600,000

1,600,000.00

Offer Nr.:
64754214
Type of ad:
for Sale
Property type:
Industrial
Contact name:
Avison Young - London Markets
Phone(s):
020 8166 2943

* Freehold
**Key Points**
* Rare opportunity
* Freehold investment
* Prominent location
* Mixed - use building
* Passing rent £83, 907 pa
* Potential for rental growth
**Description**
57 - 59 West Smithfield comprises an attractive, Grade II Listed six storey
building providing two commercial units across ground and basement with
residential apartments on the upper floors.
57 West Smithfield is arranged to provide a restaurant unit on ground floor
with kitchen and storage at basement level. The restaurant provides
approximately 40 covers and benefits from both a side frontage and a rear
frontages onto St Bartholomew the Great Courtyard.
59 West Smithfield is currently arranged to provide a bar on the ground floor
with ancillary storage at basement level. It also benefits from a side
frontage onto Cloth Fair.
The upper floors are separately accessed and comprise 17 residential
apartments which have been sold off on long leases.
**Location**
57 - 59 West Smithfield is located in the heart of Farringdon, on the southern
side of Smithfield Market and adjacent to Barts Square.
The local area is characterised by a diverse mix of architecture, from
converted warehouses and period buildings to ground - breaking contemporary
developments.
Farringdon is one of the most vibrant districts in London and is home to a
diverse mix of global businesses from the tech, fashion, finance and creative
sectors. Local occupiers include Amazon, Snap, Goldman Sachs, TikTok,
LinkedIn, Adidas and Kurt Geiger.
Farringdon also boasts one of London’s best food and beverage scenes with
notable restaurants including Smiths of Smithfield, St John, Moro and Luca.

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