For SaleLand in Turnmill Street, Farringdon, London, EC1M£1,500,000
Property Type
Land
Tenure
Freehold
Price
£1,500,000
Key Features
- Town/City
Resources
Description
A unique freehold development opportunity for prime real estate within the thriving Central London location of Farringdon.
Development parcel currently extends to approximately 0.12 acres (0.5 ha) and is used as a car park generating a rental income of approximately £120,000 per annum.
Existing planning permission for a new 4 storey office building (Use Class E) providing a total of 10,732sqft GIA.
Planning permission (now lapsed) for a residential scheme has been designed by Hamiltons Architects which shows 6 residential homes (1 x 1 bed, 4 x 2 beds and 1 x 3 beds) extending to 8,975sqft NIA (10,139sqft GIA).
Within a 2 minute walk (0.1 mile) from Farringdon Train Station which offers services via the London Underground, the Elizabeth Line and National Rail.
Unconditional offers invited for the freehold interest