Project's Overview

Nestled in the prime Clerkenwell location of London, 77 Bastwick Street benefits from exceptional connectivity with major transport links at Barbican, Old Street, and Farringdon stations. This vibrant area is a hub for creative industries, tech firms, and finance professionals, offering proximity to the City of London and Shoreditch’s Silicon Roundabout. The ongoing regeneration projects around Old Street and the Elizabeth Line (Crossrail) at Farringdon are set to enhance accessibility and drive significant value growth, making this a strategically positioned asset in one of London’s most desirable office markets.

The freehold property comprises an attractive building of approximately 16,837 sq ft (1,564 sq m) NIA, arranged over lower ground, ground, and four upper floors. It features a substantial communal roof terrace, generous floor-to-ceiling heights, raised floors, exposed ceilings, and concrete structural elements. Dual-aspect rectangular floor plates provide flexible open-plan layouts with regular columns, ideal for modern office configurations.

Currently 82% let, the building generates a passing rent of £796,047 per annum, with topped-up rent of £997,027 pa. A single vacant floor offers immediate reversion potential, supported by a WAULT of 3.7 years for secure medium-term income. Strong rental growth is forecasted in Clerkenwell due to high demand from tech and media occupiers, positioning this as a resilient income-producing asset.

This represents a strong investment opportunity with potential to increase floor area subject to planning (STP), enhancing overall yield. The area’s robust occupational demand, limited supply of premium office space, and proximity to major infrastructure improvements underscore its capital appreciation prospects. Freehold ownership ensures full control for value-add strategies in a market poised for sustained growth.

🪙 The Elizabeth Line at Farringdon station, fully operational since December 2022, offers direct high-frequency services to Heathrow Airport, Canary Wharf, and central London, greatly enhancing connectivity for commuters and businesses; this is projected to boost property values in Clerkenwell by 15-25% over the next decade through increased demand and reduced travel times.
🪙 Mount Pleasant redevelopment, a major mixed-use project on the former Royal Mail site approved in 2021 with construction underway as of 2025, will deliver over 670 homes, 40,000 sqm of offices, a primary school, and public spaces, attracting jobs and amenities that will elevate local desirability and drive rental and capital value growth in the vicinity.
🪙 Old Street Roundabout regeneration, completed in 2021 with ongoing enhancements, transformed the area into a pedestrian-friendly tech hub with improved public realm, cycle infrastructure, and green spaces, fostering Silicon Roundabout's growth and expected to sustain strong occupational demand leading to 5-10% annual rental uplifts nearby.
🪙 Smithfield Market regeneration, with relocation plans advancing towards 2030, will repurpose the historic site into a cultural and mixed-use quarter preserving the market hall while adding offices, homes, and public venues, revitalizing the area and enhancing property liquidity and values through tourism and creative sector influx.
🪙 Barbican Renewal Programme, a multi-year initiative ongoing into the late 2020s, upgrades the cultural powerhouse with improved facilities, energy efficiency, and public access, reinforcing Clerkenwell's status as a creative destination and supporting premium office rents and capital appreciation.
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