Croudace Properties has returned to the London market with the acquisition of the freehold interest at 80 Clerkenwell Road, London EC1. The property is on a very prominent corner of St John Street, the heart of Clerkenwell.
The 11,000 sq ft office building is let on a short term lease. Croudace are planning to refurbish the building to return it to Grade A quality with Clerkenwell style.
Neil Scott, Director at Croudace Properties, comments: “This is our first purchase in Central London for many years and is representative of our future focus. The anticipation of the major Crossrail interchange at Farringdon, and burgeoning demand for commercial space from growth sectors of the economy, make Clerkenwell a very exciting place to invest in.”