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Land for sale
Turnmill Street, Farringdon, London, EC1M
£1,500,000
Turnmill Street, Farringdon, London, EC1M
£1,500,000
Our Summary
- Existing planning permission for a new 4 storey office building (Use Class E) providing a total of 10,732sqft GIA
- Planning permission (now lapsed) for a residential scheme has been designed by Hamiltons Architects which shows 6 residential homes (1 x 1 bed, 4 x 2 beds and 1 x 3 beds) extending to 8,975sqft NIA (10,139sqft GIA)
- Positioned in the heart of Farringdon, Turks Head Yard embodies an exciting opportunity for a unique development, set back from the hustle and bustle of the City life
Description
A development parcel in Farringdon, London, offers a unique opportunity for a new project. The site, currently used as a car park, generates £120,000 in annual rental income and has existing planning permission for a 4-storey office building. Additionally, a previously approved residential scheme designed by Hamiltons Architects could be re-submitted, featuring six homes. The property is just a 2-minute walk from Farringdon Train Station, which connects to the London Underground, Elizabeth Line, and National Rail. The site is situated in the heart of Farringdon, surrounded by office buildings, restaurants, and bars, and is close to prestigious universities and a diverse range of commercial occupiers.