Corner building situated in the heart of Midtown

Prominently situated on the southside of High Holborn. 37,219 sq ft building comprising: 25,686 sq ft (NIA) of office accommodation on the first to eighth floor. 11,533 sq ft (GIA) hospitality (public house) accommodation on the ground and basement levels. The offices are multi-let to five tenants with two vacant floors, for which the vendor will provide a rental guarantee. Average passing office rent of £42.20 per sq ft, offering significant potential for rental growth. 80% of the office tenants have leases expiring during 2023 & 2024, all office leases are outside the security of tenure provisions of the Landlord and Tenant Act 1954. J D Wetherspoon Plc occupy the public house at a passing rent of £288,000 per annum, equating to £24.97 per sq ft, on a lease which is inside the security of tenure provisions of the Landlord and Tenant Act 1954, expiring May 2037 with no breaks. Various asset management opportunities, including lease renewals, refurbishment of the reception and office space, and potential massing, terracing, and alternative use options, subject to planning. Additionally taking advantage of permission already granted for an additional new floor to be completed.