Bourne & Hollingsworth Buildings, 42 Northampton Road, London, EC1R 0HU | Property for sale | Savills
6,363 sq ft(591.14 sq m)
Excess of £405,000

Bourne & Hollingsworth Buildings, 42 Northampton RoadLondon, EC1R 0HU

  • Sold
  • Leasehold

Key features

  • Long Leasehold public house investment
  • Entire property let to My New BMX Ltd
  • Current rent of £100,980 per annum
  • Occupational lease expires February 2033
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases
  • We are instructed to invite offers in excess of £405,000 (23.9% NIY)
  • A purchase at this level would provide a repayment period of 4 years
  • Business unaffected by sale

Public House Investment For Sale

About this property

  • Description
    The property comprises the ground, basement and first floor of a two storey end of terrace corner building with painted brick elevations beneath a pitched roof.

    Ground Floor:
    The ground floor provides an open plan trading area with private dining room, central bar servery and seating on loose tables, chairs and sofas for 119

    First Floor:
    The first floor comprises the former function room and office space.

    The basement provides an additional trading area for 50 customers. Ancillary areas include a trade kitchen, stores and customer WC’s.

    There is seating for 15 customers to the front elevation by way of a pavement licence.

    The property is held long leasehold (Title Number LN28532) for a term of 99 years from 29 September 1935 at a rent of £148 per annum.

    The entire property is let to My New BMX Ltd on a 20 year lease from 5 February 2013 at a current rent of £100,980 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £17,117 is held by the landlord.

    The property is not listed or situated within a conservation area.

    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT.


    We are instructed to invite offers in excess of £405,000 (23.9% NIY) assuming the usual purchasers costs.

    Money Laundering
    Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewing & Contacts
    All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

    For further information and all viewing requests please contact the sole selling agents Savills.

Local information

  • Located in Clerkenwell, Central London, 1 mile (1.6 kilometres) south east of Kings Cross and 2.3 miles (3.7 kilometres) north east of Charing Cross. Clerkenwell has a population of 10,956 and is predominantly a commercial area particularly known for its concentration of design profesisonals.
  • Bourne & Hollingsworth Buildings is situated at the corner of Northampton Road in a mixed office and residential area which is a short walk away from Exmouth Market where operators such as Mikkeller, Pizza Pilgrims and Caravan are located.

Energy performance

EPC Rating is D (88)

Available space

Namesq ftsq mAvailability