Highly prominent, headquarter building on a site close to 0.5 acres. Substantial property comprising approximately 87,294 sq ft NIA excluding 4,716 sq ft of continuous perimeter trunking, bringing overall potential net area to 92,010 sq ft of office and ancillary accommodation arranged over lower ground, ground and seven upper floors. Prestigious Central London location, benefitting from a wealth of high-quality offices, residential accommodation, luxury hotels, restaurants, shops and bars. The building is let in its entirety to the Secretary of State for Communities and Local Government, on a passing rent of £5,275,545 per annum reflecting £60.43 per sq ft overall. The lease term runs until 28th September 2027, however, the tenant has served notice to determine on 28th September 2025. An exciting opportunity to unlock the full potential of a prime building, offering a dynamic range of asset management strategies. These include; comprehensive refurbishment and full redevelopment to a new ‘best-in-class’ HQ office. Also, exploring change of use to residential, via permitted development or hotel, subject to planning.
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