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Office portfolio (6 buildings)

London, United Kingdom

65%

£133.000.000

Mixed use

#16643

Core+

28 Oct 2024

Property Details

Broker

For sale

224,000 sq.ft.

20,810 m²

Leasable area

593 £/sq.ft.

6,391 £/m²

6.50 %

13

Freehold

X

Fees

0.00 %

0.20 %

0.00 %

0.20 %

Investment Overview

Comprises 224,000 square feet in total. All six buildings achieved a BREEAM Excellent rating on completion. The six are located close to transport hubs in the City, Shoreditch, Twickenham, Hammersmith, Richmond and Wimbledon. There is 16,935 square feet (8% overall vacancy) of newly refurbished Grade A space available to let. All six assets have undergone low carbon refurbishments with each building achieving an EPC rating of B. All six buildings achieved a BREEAM Excellent rating on completion. The portfolio is multi-let to 13 tenants. There is a weighted average unexpired lease term of 2.7 years to expiries, 2.6 years to breaks. Five of the six assets are held freehold, while one is held long leasehold at a peppercorn rent.