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Educational accommodation

London, United Kingdom

82%

Offers invited

Special purpose

#34141

Core+

28 Oct 2024

Property Details

Broker

Sold

9,351 sq.ft.

869 m²

Leasable area

1

Freehold

X

Fees

0.00 %

0.50 %

0.50 %

Investment Overview

Located within the heart of Midtown, one of London’s most diverse business destinations Situated in London’s Knowledge Quarter, an area made up of over 100 academic, cultural, research, scientific and media organisations. Unrivalled connectivity with Chancery Lane and Holborn underground stations situated within a 4-minute walk and Farringdon station within a 9-minute walk. Providing 9,351 sq ft of educational accommodation arranged over basement, lower ground, ground and four upper floors. Single let until 21 November 2033, providing 9.7 years unexpired. Passing rent of £536,000 per annum, reflecting £57.32 per sq ft. Subject to a fixed uplift at the next review in November 2028 to £600,000 per annum Future proofed building – EPC rating of B with a fully electric air conditioning system.