The property occupies the entirety of a prominent island site of approximately 0.91 acres. Originally constructed in the late 1960s, the property is constructed of combined in- situ cast concrete and steel frame and was the subject of major refurbishments in 2002 and 2020. The property comprises a mixed use landmark development comprising 54,813 sq ft (5,092 sq m) of office accommodation, 22,633 sq ft (2,102 sq m) of leisure and retail space and a 72 luxury apartment block. The basement to the property provides car parking. 36.37% UK Government (or UK Government guaranteed) income. 60.60% indexed linked income from a national charity. Low average rent of £20.43 psf. Low capital value of £283 psf. WAULT of 8.25 years to expiry, (4.50 years to break). 86% of floorspace Grade A refurbished. 88 basement car parking spaces (38 for commercial use). Extensively refurbished property including new lifts and HVAC system therefore limiting the future capex requirement.
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