Clerkenwell, London, EC1

This corner freehold building comprises 4 floors of offices along with a showroom on the ground floor. Purchased with one of the floors vacant, a tenant was secured immediately after completion. The third floor vacated within the first year of ownership as did the showroom on the ground floor. Both were re-let with minimal expenditure and a significant uplift in the rent was achieved. The lease for the first floor has also been renewed. As such, the £250,000 per annum in rent the building was generating has now been increased to over £360,000; which of course has added significant value. The longer-term potential for the building is to explore the option of adding a floor and reconfiguring the internal layout to maximise space.