Endurance Land purchase 66 – 86 Farringdon Road London EC1

Endurance Land and Partners are delighted to announce the purchase 66 – 86 Farringdon Road, EC1 in Clerkenwell.

The existing car park comprises 80,815 sq ft and is let to NCP until 2037. Vacant possession of the half acre freehold site near Farringdon station is however achievable from 2015 at which point a redevelopment could be undertaken subject to consent.

DTZ and Egan Property Asset Management placed the property on the market at a quoting price of £25 million in February 2014. The price achieved is understood to be in excess of the asking price. The asset received wide interest from a range

of UK investors, house builders, developers and property companies as well private investors from the UK and overseas.

Endurance Land are currently focusing on creating a first class mixed use scheme in this vibrant and exciting location.

DTZ and Egan Property Asset Management acted for the vendors. The purchaser was represented by Jones Lang LaSalle and Fairbrother.

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