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Prime Central London location (potential to increase massing)

London, United Kingdom

87%

£40.000.000

Office

#34467

Core+, Value-Add

28 Oct 2024

Property Details

Broker

Deactivated

55,309 sq.ft.

5,138 m²

Leasable area

723 £/sq.ft.

7,785 £/m²

5.52 %

2

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Located in the heart of Farringdon, within 200m of Farringdon Station offering immediate access to the Elizabeth, Hammersmith & City, Metropolitan and Circle lines. 55,309 sq ft (5,138.3 sq m) of office and ancillary accommodation arranged over lower ground, ground and five upper floors offering exceptional views across Central London. Fully let to two tenants, providing a passing rent of £2,358,370 per annum, reflecting £42.64 per sq ft. Originally built in the 1950’s, the property was subject to a major redevelopment in 2001 which included the construction of the two storey rear extension and glazed atrium. In 2015, the building was extended further with the addition of the new 5th floor. Subsequently, levels two to four were fully refurbished in 2017.