£43.000.000
Confirmation
Mutli-let freehold City Of London investment
London, United Kingdom
Mixed use
#14707
Core+, Value-Add
28 Oct 2024
Property Details
Broker
For sale
39,013 sq.ft.
3,624 m²Leasable area
1,102 £/sq.ft.
11,865 £/m²4.50 %
15
Freehold
Fees
Investment Overview
Highly reversionary mixed-use City of London office and retail investment. Attractive art-deco building providing 39,013 sq ft of office, retail and ancillary accommodation, including a self-contained office building of 1,759 sq ft. Reversionary topped-up passing rent of £1,973,432 pa reflecting £49.96 psf overall. Cat A+ fitted solutions in the City of London now command rents in excess of £70.00 psf with reduced voids and tenant incentives WAULT of 4.50 years to expiry (3.60 years to breaks). Active asset management potential with all leases outside L&T Act 1954 offering significant landlord control.
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