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Freehold office in core South Bank location

London, United KingdomUnlock address

85%

£11.250.000

Office

#35183

Core+

10 Oct 2024

Property Details

Broker

For sale

16,695 sq.ft.

1,551 m²

Leasable area

673 £/sq.ft.

7,253 £/m²

7.60 %

6

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Grade A specification with modern exposed services, good ceiling heights throughout, excellent natural light from three elevations and generous terraces on the 2nd and 5th floors.EPC B. Arranged over lower ground to 4th floors extending to 16,695 sq ft with floor plates of c. 2,600 sq ft. Multi let to 6 tenants with WAULTs of 2 years to expiries and 1.4 years to breaks. End of journey facilities include showers on multiple levels and cycle storage in the basement. Current passing rent of £911,997 pa reflects just £54.07 psf overall. Multiple lease events occurring to June 2027, presenting opportunities to re-gear existing leases and establish a new rental tone for the building.