£15.000.000
Confirmation
Prime City of London Development Opportunity
London, United Kingdom
Development
#35334
Value-Add
19 Nov 2024
Property Details
Broker
For sale
58,893 sq.ft.
5,471 m²Leasable area
254 £/sq.ft.
2,741 £/m²Leasehold
155
Fees
Investment Overview
A rare opportunity to deliver a high-quality commercial scheme in the heart of the City. Highly prominent corner site located opposite Broadgate and Liverpool Street’s Elizabeth Line entrance. Two adjacent stripped-out commercial buildings previously totalling 58,893 sq ft net internal area. – Broad Street Place is arranged over basement, ground, mezzanine and six upper floors. – Eldon Street is arranged over two basement levels, ground and five upper floors. Both buildings are vacant and stripped back to shell and core, primed to be repositioned. Separate planning consents for each building were achieved in 2023 for standalone comprehensive refurbishment and extension schemes with a combined net internal area of approximately 70,200 sq ft. New long leasehold from The City of London Corporation for a term of 155 years from completion at 5% of rents receivable, subject to a minimum rent.
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