£7.000.000
Confirmation
Grade II listed office building
Property Details
Broker
Deactivated
6,320 m²
Leasable area
1,107 £/m²
5.00 %
7
Leasehold
125
Fees
Investment Overview
A Grade II listed office building directly overlooking the renowned Grosvenor Gardens. Recently subject to extensive, high quality refurbishment, expertly retaining the historical grandeur and period features of the property. 6,320 sq ft NIA arranged over lower ground, ground and five upper floors. Multi-let to a diverse range of occupiers, producing a gross passing rent of £394,687 per annum, reflecting just £62.45 per sq ft and a net passing rent of £374,952 per annum. WAULT of 2.7 years to expiries and 1.8 years to breaks. New long leasehold from the Grosvenor Estate for 125 years, geared to 5% of rents received. The property was comprehensively refurbished in 2018 with care taken to carefully restore and embellish the notable architectural features throughout.
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