Two Glasshouse Yard offices near Barbican earn £1.5M yearly, with potential for 36% expansion, adding 19,524 sq ft.
Summary
- Two office buildings, 20-25 and 26–28 Glasshouse Yard (GHY), which form a prominent corner site with fantastic views over the Grade I listed Charterhouse.
- 26 – 28 GHY is an HQ office building comprising 47,611 sq ft arranged of LG, G and six upper floors. It is let in its entirety to Amazon UK Services Ltd at a passing rent of £2,664,475 per annum
- Total topped up passing rent of £3,074,995 per annum reflecting a highly reversionary £56.56 per sq ft.
- Prime Central London location 100 metres from Barbican Station and 250 metres from Farringdon Station (East) entrance.
- 20-25 GHY comprises 6,759 sq ft office building which was fully refurbished in Dec 2022. The building has a topped up passing rent of £410,520 per annum reflecting £60.74 per sq ft .
- Anomaly have undertaken an initial feasibility study outlining the potential to enhance value by increasing the massing by 19,524 sq ft a 36% uplift in floor area to give 73,894 sq ft.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| 3rd | 8,978 | 834.08 | Available |
| 2nd | 9,874 | 917.32 | Available |
| 1st | 10,000 | 929.03 | Available |
| Ground | 7,889 | 732.91 | Available |
| Total | 36,741 | 3,413.34 |
Location
GHY is situated immediately to the north of Barbican underground station and approximately 250 metres to the north-east of the East entrance to Farringdon Station, providing exceptional transport connectivity across London.
The area immediately surrounding GHY has a diverse mix of amenities and cultural offerings, creating a vibrant environment to work, live and
socialise. To the rear of GHY is the Grade I listed Charterhouse which adjoins the Smithfield Market. 300 metres to the east is the vibrant White
Cross Market, London’s premier daily food market that is frequented by City office workers.
Get directions from Google Maps
Mainline Stations
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Farringdon6 mins
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Moorgate9 mins
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Old Street10 mins
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City Thameslink11 mins
Underground Station
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Barbican2 mins
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Farringdon5 mins
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St. Pauls9 mins
-
Moorgate9 mins
Further Information
Price £11,500,000 - Offers are invited in excess and subject to contract and exclusive of VAT. This represents a capital value of £436 per sq ft on the existing NIA and £252 per sq ft on the proposed NIA.
Rates Payable £815,650 per annum
Service Charge £440,000 per annum
EPC Rating This property has been graded as B
Description
26–28 Glasshouse Yard is a former telephone exchange that underwent a comprehensive redevelopment in 2011 to deliver 47,611 sq ft of high-quality Grade A office accommodation. The building is entered via Glasshouse Yard through an impressive double-height glazed reception, creating a modern and spacious arrival experience.
The property is arranged over lower ground, ground and first to sixth floors. The upper levels offer bright, generous floorplates with excellent natural light and striking views over the historic Grade I listed Charterhouse. The third to sixth floors also benefit from external terraces.
Gallery
