77 Bastwick Street represents a rare opportunity to acquire a freehold office building in the heart of Clerkenwell, offering a high yielding medium-term income with clear potential for longer-term value enhancement. The property is currently multi-let to three tenants with a single floor vacant. The current income produces an annual rent of £796,047 pa, reflecting a low passing rent of £57.92 per sq ft. Offers are invited in excess of £10,500,000, subject to contract and exclusive of VAT. Pricing at this level reflects a topped-up net initial yield of 8.90% (assuming purchaser’s costs of 6.8%) and a low capital value of £624 per sq ft.