Mixed-use building located in the heart of EC3

Prominent mixed-use building located in the heart of EC3, benefiting from its proximity to Lloyd’s of London and the ever evolving ‘Tech Belt’ to the east. The property comprises 15,236 sq ft (1,415.5 sq m) of office and retail accommodation arranged over basement, ground and five upper floors. The property is multi-let to eight tenants and producing a rental income of £623,502 per annum (inclusive of rental top-ups) reflecting a highly reversionary overall rent of £40.92 per sq ft. The weighted average unexpired lease term is 5.49 years (3.01 years to earliest determination), providing an attractive income profile. Asset management opportunities include refurbishment of existing floors to capture higher headline rents, enhancement of end of journey facilities, regearing of existing leases and longer-term potential for additional massing (subject to planning).