£6.000.000
Confirmation
Midtown multi-let office investment
London, United Kingdom
Office
#35089
Core+
28 Oct 2024
Property Details
Broker
For sale
9,669 sq.ft.
898 m²Leasable area
620.54 £/sq.ft.
6,681 £/m²7.43 %
8
Freehold
Fees
Investment Overview
Prime Central London location, where Midtown meets Farringdon, two of London’s most diverse and historic submarkets. Exceptional transport connectivity within a four minute walk of Chancery Lane Underground station and eight minutes from Farringdon station which benefits from the Elizabeth line. The property has been fully modernised on a rolling basis to provide approximately 9,669 sq ft (898 sq m) high-quality Grade A office and ancillary accommodation arranged over basement, ground and four upper floors, overlooking the attractive Verulam Gardens EPC ‘B’ (26) rating, one point below achieving an EPC ‘A’ . Regular shaped light filled floors with generous floor to ceiling heights typically of three metres Multi-let to eight tenants providing a well diversified income of £475,567 per annum reflecting £49.18 per sq ft overall (inclusive of rental top-up). Reversionary income stream with £54.59 per sq ft most recently achieved on the ground floor
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