2 4 R AY S T R E E TL O N D O N E C 1

A P R I M E FA R R I N G D O N N E W LY R E F U R B I S H E D V I R T U A L F R E E H O L D O F F I C E F O R S A L E

2 4 R AY S T R E E T

I N V E S T M E N T S U M M A RY

å Virtual Freehold interest for a term of 999 years from 25th December 1995 (over 973 years unexpired) at a nominal ground rent of £600 per annum.

å Located right at the heart of Farringdon, one of London’s most sought after London villages.

å Excellent transport connectivity located 300 metres from Farringdon Station’s Turnmill entrance providing access to the forthcoming Elizabeth line (Crossrail), Thameslink and London Underground network.

å Self-contained office suite which has been comprehensively refurbished to provide approximately 2,575 sq ft (239 sq m) of Grade A office accommodation arranged over ground and lower ground floors.

å The property benefits from vast floor to ceiling heights and attractive original features such as exposed brickwork and reclaimed oak wood flooring.

å The property is offered with full vacant possession.

å Offers are sought in excess of £2,000,000 subject to contract and exclusive of VAT.

å The guide price reflects a low capital value of £777 per sq ft.

å Flexible Class E use, of interest to owner occupiers, showroom users, and investors.

0 2– 0 3

0 4 – 0 5

ST PAUL’SCATHEDRAL

SMITHFIELD MARKET

MIDTOWN

HATTON GARDEN

THE CITY OF LONDON

CLERKENWELL GREEN

LEATHER LANE MARKET

FARRINGDONBARBICAN CHANCERY LANE

MOORGATE

LIVERPOOL STREET

FARRINGDON

(TURNMILL STREET ENTRANCE)

5 MINS

2 4 R AY S T R E E T 0 8 – 0 9

Farringdon is one of Central London’s most exciting and diverse commercial districts. The area is renowned for mixing the old with the new, boasting an eclectic blend of Victorian warehouse style office buildings and cutting edge new build developments.

The locality is firmly established as London’s dynamic centre of business innovation, with take-up dominated by the creative, media, fashion and technology industries. A thriving community of start-ups sit alongside some of the biggest global organisations, such as Amazon, Live Nation, TikTok and Adidas, to create a lively and rapidly growing sub-market.

Farringdon is highly attractive to occupiers drawn by the excellent local amenities including a thriving retail, leisure and restaurant scene. Leather Lane and Exmouth Markets have become some of London’s premier gourmet street food markets.

24 Ray Street occupies a prominent corner position at the junction of Ray Street and Crawford Passage. The property is immediately opposite the London Headquarters of LinkedIn at the newly developed The Ray (90,000 sq ft) as well as Herbal House (112,000 sq ft), which is home to other major global brands Adidas and Moonpig.

LO C AT I O N

2 4 R AY S T R E E T1 0 –1 1

C R O S S R A I L FAC T S

KI N G’S CROS SS T PAN CR AS3 mins

LUTO N AI R PO RT35 mins

B L ACKF R IARS4 mins

GAT WI CK AI R PO RT39 mins

M OO RGATE2 mins

L IVE R POO LS TR E E T2 mins

CANARYWHAR F8 mins

S TR ATFO R D10 mins

TOT TE N HAMCO U RT ROAD2 mins

B O N D S TR E E T4 mins

PAD D I N GTO N8 mins

H E ATH ROWAI R PO RT31 mins

FARRINGDON

CROS S R AI L

TH

AM

ES

LIN

K

T H E E L I Z A B E T H L I N E (C R O S S R A I L )24 Ray Street is approximately a five minute walk from the Turnmill entrance to the new Elizabeth line (Crossrail) station at Farringdon. The opening of the Elizabeth line at Farringdon Station in 2022, will make it one of Britain’s best connected transport hubs, providing a major interchange between the Elizabeth line, Thameslink, London Underground and National Rail services, giving the property unrivalled connections across central London and internationally via Heathrow airport.

ADDITIONAL

63,000 NEW JOBS WITHIN

FARRINGDON,THE CITY AND

WEST END

24 TRAINS PER HOUR WITH

1,500 PERSON CAPACITY

ON EACH TRAIN

INCREASINGLONDON’S RAIL

CAPACITY BY

10%

100kmEAST TO WEST

UNDERGROUNDLINES

EUROPE’S LARGEST

INFRASTRUCTURE PROJECT

OPENING

2022

C O N N E C T I V I T YThe property benefits from outstanding connectivity. Situated less than 300 metres from Farringdon Station, the property is served by the London Underground (Circle, Hammersmith & City & Metropolitan lines), Thameslink and National Rail services providing direct access to the City, West End, Home Counties and London’s major airports.

2 4 R AY S T R E E T 1 2–1 3

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GA

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ST JO

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AV

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FARRINGDON LANE

KIN

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BURN PLACE

EUSTON ROAD

PENTONVILLE ROAD

EUSTON ROAD

PO

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TOTTEN

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FAR

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THEOBALD’S ROAD

CLERKENWELL ROAD

STRAND

STRANDREG

ENT STR

EET

FLEET STREET

VICTORIA EMBANKMENTUPPER THAMES STREET

QUEEN VICTORIA STREET

LONDON WALL

HOLBORN VIADUCT

LOWER THAMES STREET

CANNON STREET

THREADNEEDLE STREET

GRESHAM STREET

MO

OR

GA

TE

GR

AC

ECH

UR

CH

STR

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BISH

OPS

GA

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GREAT EASTERN STREETCIT

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OLD STREET

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RUSSELLSQUARE

TAVISTOCKSQUARE CORAM’S

FIELDS

GOODGESTREET

HOLBORN

EUSTON

CHANCERY LANE

LEICESTERSQUARE

TEMPLEBLACKFRIARS

CITYTHAMESLINK

TOTTENHAMCOURT ROAD

COVENTGARDEN

EUSTONSQUARE

13 MINUTES

WARRENSTREET

GREAT PORTLANDSTREET

REGENT’S PARK

EMBANKMENT

CHARING CROSS

KING’S CROSS

ST PANCRASINTERNATIONAL

BOND STREET

RUSSELLSQUARE

FARRINGDON

BARBICAN

ANGEL

9 MINUTES

10 MINUTES

10

12

13

1415

4

23

1726

32

11

24

67

27

25

1820

19 21

5

28

30

1

34

31

16

26

32

29

28

8

99

33

1

17

7

6348

20

5

22

2

15

16

13

9

12

10

11

1918

32

1

56

4

7

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35

36

LO C A L O C C U P I E R SClerkenwell / Farringdon have become one of Central London’s core office markets and its commanding status as the choice location for the Tech and Creative industries. This has attracted a multitude of businesses to the area, the map below shows the local occupiers present in the vicinity of 24 Ray Street.

L O C A L O C C U P I E R S

1 TikTok

2 Hill & Knowlton

3 Unilever

4 Zaha Hadid Architects

5 Leigh Day LLP

6 Grimshaw Architects

7 Publicis Groupe

8 Goldman Sachs

9 Deloitte

10 Fred Perry

11 Solus Ceramics

12 LinkedIn (Microsoft)

13 Adidas

14 Photobox

15 IDEO

16 WeWork

17 Alexander Macqueen

18 Macmillan Publishers

19 AKQA (WPP)

20 Save The Children

21 LiveNation (Ticketmaster)

22 Tesco Digital

23 Clerkenwell Workshops

24 GoCardless

25 JA Kemp

26 Oktra

27 Kurt Geiger

28 Amazon

29 Hogan Lovells

30 Eventbrite

31 Indeed

32 Anglo American

33 Sainsbury’s PLC

34 Trade Desk

35 Workspace

36 Kingston Smith

A M E N I T I E S

1 Exmouth Market

2 Leather Lane Market

3 Clerkenwell Green

4 Dans Le Noir

5 The Eagle

6 The Slaughtered Lamb

7 Granger & Co

8 The City Pride

9 Luca

10 Bourne & Hollingsworth

11 Smithfield Market

12 St John

13 Bounce

14 Club Gascon

15 Bleeding Heart Yard

16 Gymbox

17 Exmouth Grind

18 Department of Coffee and Social Affairs

19 The Fence

20 Pure Gym

H O T E L S

1 Citadines

2 Malmaison

3 The Rookery

4 The Rosebery

5 The Zetter Townhouse

6 Yotel

7 The Bryson

T H E P R O P E R T Y

2 4 R AY S T R E E T 1 4 –1 5

The property comprises the commercial element of a predominantly residential building, which was originally developed in the early 1900s. The commercial element provides a self-contained office suite which was comprehensively refurbished in 2017 to provide approximately 2,575 sq ft (239 sq m) Grade A office accommodation arranged over ground and lower ground floors.

24 Ray Street benefits from dual access from Ray Street and Crawford Passage, leading to regular shaped floors which have been carefully designed, retaining original features such as exposed brickwork and reclaimed oak wooden flooring. The original features are enhanced by the vast floor to ceiling height of approximately 3.70 metres on the ground floor, with exceptional levels of natural light.

AC C O M M O DAT I O N S C H E D U L E

T H E C O N T E M P O R A RY S P E C I F I C AT I O N I N C L U D E S

T H E F O L LO W I N G :

Air conditioning with fresh air

Statement exposed brick walls

Exposed services Separate loading door

New LED linear suspended lighting

Perimeter trunking

Capped off services

Refurbished oak wood flooring

Refurbished WCs Shower facilities

FLOOR NIA (SQ FT) NIA (SQ M)

Ground 1,437 133

Lower Ground 1,138 106

Total 2,575 239

LO W E R G R O U N D F LO O R1 ,1 3 8 S Q F T ( 1 0 6 S Q M )

C R AW F O R D PA S S A G E

RA

Y S

TR

EE

T2 4 R AY S T R E E T 1 6 –1 7

F LO O R P L A N S T E N U R E

The property is held Virtual Freehold for a term of 999 years from 25th December 1995 (over 973 years unexpired) at a nominal ground rent of £600 per annum.

The title number is NGL756775.

Not to scale. Indicative only.

Not to scale. For identification purposes only. This plan is based upon the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office. Crown Copyright reserved

G R O U N D F LO O R1 , 4 3 7 S Q F T ( 1 3 3 S Q M )

FURTHER INFORMATION

C O N TAC TFor further information, or to arrange an inspection, please contact sole agents Allsop LLP.

P L A N N I N G The property is located within the London Borough of Islington. It is not listed but sits within the Clerkenwell Green Conservation Area.

VAT The property is not elected for VAT.

Matthew Millman +44 (0)7703 039 177matthew.millman@allsop.co.uk

Oliver Turney +44 (0)7425 862 794oliver.turney@allsop.co.uk

Amelia Bowder+44 (0)7917 657 757amelia.bowder@allsop.co.uk

E P C The property has an EPC rating of C (60). A copy of the certificate is available on request.

P R O P O S A L

Offers are sought in excess of £2,000,000 subject to contract and exclusive of VAT for the Virtual Freehold interest. The guide price reflects a low capital value of £777 per sq ft.

DISCL AIMER:Allsop LLP on their behalf and for the Vendors or Lessors of this property, whose Agents they are, give notice that: These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Allsop LLP has any authority to make any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. The market statistics, rental and investments comparables have been supplied by third parties and their accuracy cannot be guaranteed. In the preparation and production of this document, the Liquidators have relied entirely on the representations of appointed property experts - Allsop LLP. Other than providing unrestricted access to the Property, and documents relevant to the Property and limited stylistic comments , the Liquidators have had no or very limited input, or made material representations, concerning the Property (either generally or in relation to the information and statements in this document). All opinions and representations in this document are those of Allsop LLP and not the Liquidators. As such, neither the Liquidators their firm, partners, employees, advisers, representatives shall incur any liability (personal or otherwise) whatsoever in respect of any of representations or statements in this document. October 2021 www.cube-design.co.uk (Q4851)