£16.500.000
Confirmation
Prime office with future repositioning and redevelopment potential
Property Details
Broker
For sale
91,008 sq.ft.
8,455 m²Leasable area
181 £/sq.ft.
1,951 £/m²11.31 %
7
Freehold
Fees
Investment Overview
Arranged over ground and 5 upper floors, the building extends to a total floor area of 99,740 sqft, arranged around a central courtyard together with 31 car parking spaces. Flexible office floor plates ranging from 4,269 sqft to 20,553 sqft. Net sale income of £1,991,251 pa. 91,008 sq.ft of offices, multi-let to high quality tenants including Rathbones Group plc, Network Rail Infrastructure Ltd and Anderson Strathern LLP, at a low average rent of £19.07/sq.ft. 8,127 sq.ft of highly prominent leisure space let to Costa Limited and The Alchemist Bar & Restaurant at a low average rent of £25.71/sq.ft. WAULT of 6 years to expiry, 2.8 years to nearest tenant break and 4.7 years to nearest landlord break.
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