10 Great Turnstile (SOLD), 10 Great Turnstile

10 Great Turnstile (SOLD), 10 Great Turnstile - Sold

London, WC1V 7JU

Tenure: For Sale

  • Prime Midtown location in the heart of London.
  • Excellent transport connectivity being less than 300m from Chancery Lane and Holborn Underground stations.
  • Positioned on the northern side of Lincoln’s Inn Gardens, with views across Lincoln’s Inn Fields.
  • Freehold.
  • The building comprises 8,486 sq ft (788 sq m) arranged over lower ground, ground and three upper floors.  
  • Flexible, regular, open plan floor plates of approximately 1,800 sq ft.
  • Single let on a FRI lease to Mary Ward Trust for a term expiring July 2022 at a passing rent of £458,000pa (£53.97psf), outside the LTA 1954.  
  • Opportunity to obtain earlier vacant possession, subject to negotiations with the tenant.  
  • Opportunity to improve the building by further refurbishment and potentially adding floors, subject to necessary consents.  
    • Offers are invited in excess of £8,000,000, subject to contract and exclusive of VAT.  
  • A purchase at this level reflects a net initial yield of 5.37%, assuming purchasers costs of 6.67% and a capital value of £943psf. 

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Location & Transport

Chancery Lane

3 mins walk

Holborn

4 mins walk

Temple

9 mins walk

Farringdon

9 mins walk

Covent Garden

9 mins walk