Greater London multi-let office with potential for repurposing and or conversion

Greater London, multi-let office building with significant potential for repurposing / permitted development scheme. The property comprises office accommodation providing in excess of 105,000 sq ft NIA (134,267 sq ft GIA) arranged over ground, basement and 10 upper floors. Freehold site of 1.15 acres (0.47 hectares). On-site surface level car parking is provided for 95 vehicles, providing a generous office ratio of 1:1,112 sq ft. Whole building EPC score of C-63. Multi-let to seven tenants, with a WAULT of 2.9 years to expiry and 1.9 years to breaks based on current contracted income. Diverse tenant base with spread of lease events offering numerous asset management opportunities.Property offers a contracted rental income of £1,616,933 per annum producing a low average rent of only £22.85 per sq ft – the rents range from £22.50 to £27.50 per sq ft. Further additional income is produced via a profit share arrangement with TBXH who provide coworking space in the building. Further information is available on request. Highly flexible floor plates averaging c.9,800 sq ft, readily divisible into multiple smaller suites. Let at a 40% discount to prime Croydon office rents (£22.85 per sq ft versus £38.50 per sq ft). Significant potential for redevelopment to a mixed-use scheme, subject to necessary consents.