Barnett Ross Auctioneers and Chartered Surveyors in London

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Located close to the junction with Farringdon Lane within this gated courtyard development accessed directly off this attractive tree-lined square which comprises of a number of commercial and residential occupiers including media users and the Royal Philharmonic Orchestra. Hatton Garden is less than &frac4; mile away and the area is well served by good public transport routes being within close proximity to Farringdon Station Mainline,Hammersmith & City, District and Metropolitan Lines).

Forming part of a terraced building comprising a Rear Ground Floor Office with internal access via a trap door to a Basement. In addition, the property includes 1 rear parking space.

Ground Floor Office Area Approx 350 sq ft
WC
Basement
(5ft restricted head height) 3'6" x 8'0"

VAT is NOT payable in respect of this Lot

Leasehold for a term of 999 years from 1st October 2007 at peppercorn ground rent.

The property is let on an internal repairing and insuring lease to Plowman Craven Ltd as Land Surveyors (See Tenant Profile) for a term of 3 years from 25th March 2010 at a current rent of £9,500 per annum exclusive.

Note 1: The tenant, or their associated companies, have been in occupation for approximately 9 years.

Note 2: The purchaser will pay 1% plus VAT on the purchase price towards the Vendor’s sales costs.

TENANT PROFILE
Plowman Craven is a leading chartered geomatics company offering a broad range of professional measurement services and is one of the largest geomatics companies in the UK (source www.plowmancraven.co.uk). For Y/E 31/12/10 Plowman Craven reported a T/O of £6.7 m, Pre-Tax Profits of £371,000 and a Net Worth of £770,000.