The Sweeps Building, 34 Leather Lane / 6/7 St Cross Street, London, EC1N 7SQ

THE SWEEPS BUILDING

34 LEATHER LANE / 6/7 ST CROSS STREET LONDON EC1N 7SQ

MEDIA STYLE HIGH QUALITY FITTED OFFICES

6,050 sq ft – 562.10 sq m

Location

LOCATION

The Sweeps Building is located adjacent to Leather Lane & its junction with St Cross Street, in the jewellery quarter of Hatton Garden and just North of Holborn, a 5 minute walk away. The ancient Leather Lane market which trades from 10 am to XXXm during week days offers many facilities to local businesses. The Overground & Underground services at Farringdon Station (Circle, Hammersmith & City & Metropolitan Lines, Network Rail & CrossRail) & Chancery Lane Station (Central Line) are both c. 5 minutes walk away. The restaurants & cafes around Farringdon & Smithfield are equally convenient.

Accommodation

ACCOMMODATION

The demise comprises a self-contained former industrial building set in a landscaped courtyard and arranged over lower ground, ground & mezzanine floors linked by a staircase and a lift. The accommodation is extremely light with floors are fitted out to a minimalist media specification.

FLOOR AREAS (Approx)

Mezzanine -                 1,201 sq ft            111.60 sq m

Ground Floor –            2,287 sq ft            212.50 sq m

Lower Ground Floor   2,562 sq ft            238.00  sq m

Total                             6,050 sq ft.           562.10 sq m

Terms

LEASE

The premises is let on a single lease outside the Security of Tenure provisions of the Landlord & Tenant Act Part II expiring on the 19^th February 2023. 

FINANCIALS 

Passing Rental - £273,961.60 per annum exclusive – c.£45.24 per sq ft

Rateable Value - £163,000.00

Rates Payable 2020/21 Charging Year - £86,716.00 per annum – c.£14.33 per sq ft

Service Charges & Insurance from 1^st October 2019 to 30^th September 2020 

Estate Service Charge - £9,770.70 - c.£1.62 per sq ft

Insurance - £3,643.53 – c.£0.60 per sq ft

Approximate Operating Costs - c. £2.77  per sq ft

TERMS

The accommodation is available by way of an assignment of the existing lease until February 2023. 

LEGAL COSTS

Each party to be responsible for their own costs in relation to this transaction. 

Specification

SPECIFICATION

Self-contained building

A secure courtyard setting with card access

Comfort cooling

Triple height Internal atrium

10-12 person board room

Large kitchen / break out area & kitchenette on the 1^st floor

3 meeting rooms & additional break out area

Secure lockers and storage areas

Shower & x 4 WC cubicles within demise

Bike storage on a fcfs basis