£16.500.000
Confirmation
Newly refurbished freehold investment for sale
Property Details
Broker
For sale
10,976 sq.ft.
1,020 m²Leasable area
1,503 £/sq.ft.
16,176 £/m²4.50 %
5
Freehold
Fees
Investment Overview
Newly refurbished and extended office building completed in December 2019. The works included adding a new fifth floor, terraces to the fourth and fifth floors, new toilet cores, a new lift and new M&E throughout. With exposed original brickwork, retained steel beams and sash windows the refurbishment has delivered contemporary office suites that complement the heritage of the building and give historical context to the modern and efficient interiors. The property has a BREEAM rating of ‘Excellent’ and an Energy Performance Certificate of B(46). Multi-let to 5 tenants, remaining vacancy to be topped up. Passing rent £792,162 per annum, £72.17 per sq ft overall. WAULT of 3.5 years to expiry and 2.7 years to breaks.
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