Warehouse style office buildings

Comprising 17,070 sq ft of office accommodation over lower ground, ground and four upper floors. Attractive warehouse style office buildings steeped in history, now sensitively modernised for the current occupier. Single-let to Queen Street Business Centre Limited on a new, reversionary lease for a term of 15 years. Total topped-up rent of £1,136,000 per annum, equating to an overall rent of £66.55 psf. Reversionary rental profile when set against the prime King’s Cross / Euston rent of £82.50. Weighted Average Unexpired Lease Term of 10 years to earliest determination and 15 years to expiry. Potential redevelopment upon lease expiry with historic unexercised planning permission to increase the NIA to 20,060 sq ft - a c.18% increase in lettable accommodation.