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Investment Highlights
- Prominently situated in the centre of Greville Street
- Farringdon station and Chancery Lane station are both within a few minutes walk
- The property holds a prime retailing position in the heart of world renowned Hatton Garden
Executive Summary
Previously owned and occupied by Graff, the Building comprises a five storey, mid terrace commercial property ideal for a prominent HQ for a jewellery business.
The ground floor and basement is currently occupied by Daniel Christopher Jewellery Limited. Their lease expires on 31st December 2028 and has been granted outside sections 24-28 of the Landlord & Tenant Act and excludes the right to renew.
The passing rent is £110,000 PAX with annual increases on 1st January 2027 and 1 st January 2028 in line with upward only CPI , capped at 10% per annum. Subject to agreement, the Tenant has said they are willing to vacate early.
The ground floor is currently arranged as a high end jewellery shop with an imposing marble shop front, ancillary accommodation and garden to the rear.
The lower ground floor is being used by the Tenant for modern jewellery workshops. Pavement lights provide natural light to the front of the floor.
The lower ground floor can be accessed internally from the retail unit, but also from Bleeding Heart Yard to the rear of the Building, therefore offering great flexibility. Thus the lower ground floor which also benefits from a kitchenette and WC offers self contained occupation.
The upper floors are accessed via a fully glazed entrance to the side of the Building with frontage on to Greville Street, and provide accommodation ideal for a modern jewellery business, benefitting from excellent natural light and being fully fitted to a high specification including attractive glazed entrance, high security glass, airlock door system, secure internal door system, pneumatic tube transport system, built in safes, CCTV and air conditioning.
The ground floor and basement is currently occupied by Daniel Christopher Jewellery Limited. Their lease expires on 31st December 2028 and has been granted outside sections 24-28 of the Landlord & Tenant Act and excludes the right to renew.
The passing rent is £110,000 PAX with annual increases on 1st January 2027 and 1 st January 2028 in line with upward only CPI , capped at 10% per annum. Subject to agreement, the Tenant has said they are willing to vacate early.
The ground floor is currently arranged as a high end jewellery shop with an imposing marble shop front, ancillary accommodation and garden to the rear.
The lower ground floor is being used by the Tenant for modern jewellery workshops. Pavement lights provide natural light to the front of the floor.
The lower ground floor can be accessed internally from the retail unit, but also from Bleeding Heart Yard to the rear of the Building, therefore offering great flexibility. Thus the lower ground floor which also benefits from a kitchenette and WC offers self contained occupation.
The upper floors are accessed via a fully glazed entrance to the side of the Building with frontage on to Greville Street, and provide accommodation ideal for a modern jewellery business, benefitting from excellent natural light and being fully fitted to a high specification including attractive glazed entrance, high security glass, airlock door system, secure internal door system, pneumatic tube transport system, built in safes, CCTV and air conditioning.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,580 sq ft
Costar Property Class
B
Year Built
1970
Price
£3,500,000
Price per sq ft
£1,356.59
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
2.45
Total Plot Size
0.02 ac
Amenities
- Security System
1 1
Nearby Major Retailers
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16 Greville St
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