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Prime City Core location

London, United Kingdom

80%

£17.500.000

Office

#16348

Core+, Value-Add

28 Oct 2024

Property Details

Broker

For sale

Leasable area

5.88 %

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Approximately 19,633 sq ft of high quality office and ancillary accommodation over lower ground, ground and five upper floors. Multi-let to eight tenants with a weighted average unexpired term of 3.9 years to expiries (3.4 years to breaks) on the let accommodation. One fitted vacant floor offering speed to market and excellent potential to capture premium City rents. Passing rent, inclusive of rental top-ups and guarantees, of £1,099,603 per annum, reflecting £56 per sq ft overall. Highly reversionary in the context of prime City rents with nearby evidence close to £80 per sq ft.