Offers invited
Confirmation
Prime Central London Educational Investment Opportunity
London, United Kingdom
Special purpose
#34176
Core+
28 Oct 2024
Property Details
Broker
For sale
238,874 sq.ft.
22,192 m²Leasable area
Freehold
Fees
Investment Overview
Best-in-class educational space prominently located in the heart of Aldgate – the epicentre of London’s educational cluster. £50 million institutional grade refurbishment with no immediate CAPEX required. Future-proofed asset with excellent ESG credentials. BREEAM rated ‘Very Good’, ‘Platinum’ WiredScore rating and an EPC of B (36). First-class tenant amenities - secure cycle storage, extensive shower and changing facilities and 8,786 sq ft of roof terraces. Valuable dual planning use including Class ‘E’ - Commercial and ‘F1’ - Learning and Non-Residential Institutions. Long dated, secure income with a WAULT of 12.62 years to expiry (8.53 years to breaks). Topped-up passing rent on sale of £11,736,758 per annum reflecting a low overall rate of £50.18 per sq ft.
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