Property Summary
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Area Sq ft: 1,453 sq ft
Property Description
40-56 City Rd – The Lexington – Retail/Residential Unit for Lease/Sale – London EC1Y 2ANThe Lexington offers a 6,027 sq ft mixed-use development on City Road, located on the edge of the City of London and just a short walk from Old Street Station. This masonry constructed building, which has undergone a renovation in 1998, features retail accommodation on the ground and lower ground floors, with residential spaces above. Its location offers significant commuter footfall, making it an ideal space for a wide range of retail or office occupiers.
Key Features:
Total Building Size: 6,027 sq ft NIA
Available Retail Space: 1,453 sq ft (Ground Floor)
Rent: £65,000 – £75,000 per annum
Service Charge: TBD
Available Retail Units: 2
Max Contiguous Space: 1,453 sq ft
Retail Frontage: 175 ft on City Road
Building Height: 125 ft
Floors: 12
Typical Floor Size: 833 sq ft
Building Use: Retail (6,027 sq ft), Residential (180,717 sq ft)
Construction: Masonry
Leasing Highlights:
Ground Floor Availability:
1,453 sq ft – Rent: £75,000 per annum
1,047 sq ft – Rent: £65,000 per annum
Showroom Frontage with excellent visibility on City Road
Excellent Natural Light throughout
Air Conditioning available
Close to Old Street Station, providing great transport links to the city and surrounding areas
Sale Information:
For Sale: £650,000 - £825,000
Sold Price (Aug 2024): £1,100,000 (£182.51/Sq ft)
Sale Type: Investment
Building Amenities:
24-Hour Access
Bus Routes
Security System
Metro/Underground access at Old Street
Storage Space available
The property is ideally located on City Road, benefiting from high foot traffic due to its proximity to Old Street Underground and Railway Station, a key transport hub for the City of London and beyond. The area also offers a mix of office, residential, and retail developments, making it a prime location for businesses looking to be close to the action.
For more information or to arrange a viewing, please contact Fraser Bond.
