EXCEPTIONALLY FITTED & LOW RENT
12 Macklin Street, Covent Garden, London, WC2B 5NF
11,157 sq ft
Amenities
- New VRF A/C (installed 2021)
- Significantly enhanced and restored façade reflecting the building’s rich heritage as a Fruit & Veg warehouse
- New Crittall style windows and doors at ground floor (2021)
- EPC B
- Private DDA compliant lift and feature staircase
- State of the Art (2 ½ years old) fit out saving £1.5m Capex
- Plug & Play Grade A+ Spec
- New end of journey facilities for bikes with lockers and showers (2021)
- Moments from Tubes and Crossrail
- Raised access floors
- New LED lighting
- High speed fibre enabled
- Cycle storage with sockets for charging electric bikes, lockers and shower facilities
- Exposed VRF air conditioning & exposed ceilings
- New WCs (2021)
- Occupation design density 1 person to 8 sq m
LOCATION
Located in Covent Garden, the West End’s most vibrant sub-market boasting a culturally rich and diverse business, retailing and leisure offer. Today, it is at the centre of London’s cultural heartland, with internationally recognised institutions such as The Royal Opera and The Royal Ballet, more than twenty thriving theatres and the National Gallery. The arrival of the Elizabeth Line has been the catalyst for significant investment and consolidated Covent Garden’s reputation as the go-to destination for business, retail and leisure. Both Holborn, Covent Garden and Tottenham Court Road Stations are within a 2-5 minute walk.
DESCRIPTION
Built in 1928 as a fruit & veg warehouse, the majority of the building, was extensively refurbished in 2021. The office accommodation is arranged across ground, first and first floor levels, with a private entrance. Models One occupy the 2nd floor. This stunning, lofty, office was comprehensively fitted out in 2022 by the existing occupier to the highest of standards featuring a large “town hall” style reception, extensive state of the art meeting & board rooms and an extensive open plan 1st floor with approx. 100 desks, break out areas, private phone booths and very attractive kitchens and modern WC's. The office also has its own private feature staircase and DDA lift. There are also end of journey facilities including an indor heated cycling provision, lockers and showers.
SPECIFICATION
An exceptionally well styled and fitted new (2022) interior designed by HOP. Raised floors, exposed AC, fully cabled and highly specified IT with state of the art Boardrooms and meeting rooms and break out areas and a Town Hall.
The office is available as a whole, with all fixtures and fittings (if desired). The office has its own entrance and feature staircase with new private DDA lift between ground & 1st floor. The office is available immediately by way of an assignment on extremely attracttive terms with the potential benefit of zero capex. A premium is sought for this attractive assignment, INSIDE the L&T act (giving rare renewal benefits or compensation) with a tenant friendly break in 2027, which if not operated will gain the tenant 8 months rent free (commuted as half rent for 16 months). Additionally there is a rare "Covid Clause" plus a Dog Clause permitting pets within the lease.
The passing rent is 25-35% below open market rental for similar (yet not as highly specified) alternate options.
Terms
| Tenure | Leasehold |
| Lease | An assignment of the existing lease for a term until 31/05/2032 with a tenant break 01/06/2027 & if not operated 8 months rent free. INSIDE the L&T Act. There is also a favourable Covid Clause & Dog Clause. |
| Rent | £60.50 psf pax |
| Rates | Estimated at £29.11 psf (2023/24) |
| Service Charge | Estimated £5.50 psf pax |
Contact us for a viewing or more information on 020 7025 1390
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