Status: Current.  Acquired by Endurance Land and GE Real Estate. 85 Clerkenwell Road is located in prominent position on the southern side at the junction of Leather Lane and Clerkenwell Road. Excellent transport links are nearby at Farringdon and Chancery Lane underground/ mainline stations. Click to view map.

Investment type

Office investment.

Description

Originally constructed as a warehouse, built in the mid 19th Century the building currently totals 31,729 sq ft (2,948 sq m) with office accommodation over Lower Ground, Ground and five upper floors.

Investment strategy

The property was acquired to gain exposure to the mid town market in line with our current strategy on seeking opportunities with future rental growth potential.

The property will be subject to a complete refurbishment in 2012. In addition a separate entrance will be created fronting on to Leather Lane and Cerkenwell Road to create a 7,000 sq ft office over lower ground, ground and first. This will enable an occupier to have there own dedicated entrance. The completed building will benefit from the following;

• New ground floor entrance (double the existing width)
• Refurbished ground floor reception
• New passenger lifts
• New air conditioned open plan offices
• Marketing web-link www.theleverbuilding.com