Commercial property for sale in London, England

Description Rare Freehold Repositioning Opportunity Of Interest to Developers & Owner Occupiers 18-19 Long Lane is ideally situated in the heart of Farringdon, one of London’s most vibrant and sought-after neighbourhoods. Renowned for its rich history, dynamic cultural offerings, and thriving commercial scene, Farringdon seamlessly connects Clerkenwell, Smithfield, Barbican, the City Core, and Midtown. Location FARRINGDON Renowned for its rich history, dynamic cultural offerings, and thriving commercial environment. The area is a key destination for creative industries, technology firms and professional services. The area boasts an enviable selection of bars, restaurants, and cafés, making it a true 7-day a week destination. Forming part of the City of London’s Culture Mile, the area is enriched by landmarks such as the Barbican Centre and Charterhouse Square. The combination of world-class dining, independent retail, boutique hospitality, and major office occupiers ensures Farringdon remains one of London’s most exciting districts. The area continues to grow, forming one of London’s most transformative districts, with significant regeneration underway underpinned by the outstanding connectivity. The property itself is bound by Hayne Street to the west and Long Lane to the south, adjacent to the east entrance of Farringdon Station and moments from Barbican Underground Station. SMITHFIELD MARKET REGENERATION The project forms part of the ‘Destination City’ vision, designed to establish the Square Mile as a world-class destination for business, culture, and leisure. The redevelopment centres around the integration of the new London Museum, set to open in phases starting with the General Market in 2026 and the Grade II-listed Poultry Market in 2028. These iconic spaces will house the Museum’s permanent exhibitions, temporary galleries, and public programming, drawing over 2 million visitors annually. The Museum’s opening will be complemented by an aspirational new public realm, creating vibrant streetscapes and communal spaces that blend historical charm with modern functionality. Alongside the Museum, a series of Museum Houses will activate the streetscape, hosting independent retailers, creative offices, and food and beverage outlets. This activity is expected to inject £565 million in economic value within 10 years of opening, reinforcing Smithfield as a cornerstone of London’s cultural and commercial vibrancy. The Smithfield Market regeneration will significantly benefit 18-19 Long Lane, situated at the heart of this revitalised district. Its close proximity to the Museum, General Market, and new public realm ensures increased footfall and visibility for the property, while the enhanced cultural and commercial activity will further elevate its appeal to occupiers and investors, making it an outstanding opportunity for those seeking to capitalise on the area’s transformation. Existing Building 18-19 Long Lane comprises of 12,920 Ft² NIA of office and retail accommodation. The building is constructed with stepped massing arranged over lower ground, ground, mezzanine with a two storey to rear block and five storeys to the front. The retail accommodation is situated on the ground and basement floors, with the upper floors providing adaptable office accommodation. Primary access to the building is via the corner of Long Lane and Hayne Street, with secondary entrances located along Hayne Street. The building benefits from two existing flat roofs, with the roof over the 2nd floor comprising and extensive roof terrace accessed directly from the 3rd floor office accommodation. The Consent Scheme The approved planning consent presents a rare opportunity to reposition 18-19 Long Lane to provide market leading workspace within the heart of Farringdon. Designed by HÛT Architecture, the consented scheme seeks to maximize the opportunity by refurbishing and extending the existing building. The consented scheme has an acute focus on sustainability, cleaning and retaining the existing façade, whilst allowing for a single storey extensions to the rear of the 3rd floor and 5th floor fronting Long Lane. The proposed scheme extends to 11,238 Ft² NIA and includes the retention of part of the ground and basement floors for retail / café use. Terraces are proposed with ample greening for staff amenity with the office floor plates benefiting from exceptional natural light. Key Highlights Of The Proposed Development Include ENHANCED OFFICE ACCOMMODATION The scheme maximises the provision of high-quality office spaces, offering flexible layouts designed to meet diverse tenant requirements. REFURBISHED FAÇADE AND ACTIVE FRONTAGES The existing façade will be revitalised, enhancing the building’s street presence whilst improving natural light to the office accommodation. PRIVATE AND COMMUNAL ROOF TERRACES The development will introduce outdoor terrace spaces, providing added amenity for occupiers. SUSTAINABILITY GOALS The scheme targets BREEAM ‘Excellent’, underscoring its commitment to environmental performance and sustainability. CYCLE-FRIENDLY DESIGN 30 cycle storage spaces will be provided, ensuring best in class end of trip facilities. IMPROVED ENERGY EFFICIENCY The redevelopment aims to achieve an EPC Rating of ‘A,’ aligning with modern energy performance standards. Tenure Freehold Title No. NGL102848 AML In order to discharge their legal obligations under applicable anti money laundering regulations, the Vendor and their professional advisor will require certain information of the successful bidder. In submitting your bid you agree to provide such information when Heads of Terms are agreed. VAT The property has been elected for VAT, and, where applicable, the transaction may qualify as a Transfer of a Going Concern (TOGC). Proposal Offers are invited in excess of £5,250,000 subject to contract for the freehold interest. A purchase at this level reflects a highly attractive low capital value of £406 /Ft² on the existing NIA.

Commercial property for sale in London, England

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