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Grade A offices comprehensively remodelled

London, United KingdomUnlock address

80%

£31.500.000

Office

#13668

Core, Core+

1 Mar 2024

Property Details

Broker

Deactivated

24,506 sq.ft.

2,277 m²

Leasable area

1,285.40 £/sq.ft.

13,833 £/m²

4.27 %

3

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

24,506 sq ft of best-in-class, Grade A offices comprehensively remodelled and extended last year. Institutional grade refurbishment with a stunning Corten steel extension and excellent ESG credentials. Future proofed asset - BREEAM rated ‘Very Good’, ‘Gold’ WiredScore rating and an EPC of B (33). First-class tenant amenities including spectacular 3,748 sq ft roof terrace with panoramic views over Central London. Nominated for an OAS Development Best Delivered City Scheme Award and a finalist in the Architects’ Journal Retrofit Award (Workplace £5-10m). Prominently located in the heart of the Southbank, one of Central London’s best performing and most desirable sub-markets. Mass occupier appeal with excellent local amenities and a 5 minute walk from Southwark and Borough Underground Stations. Multi-let at an average rent of only £58.64 psf (overall) with prime Southwark rents now in excess of £75.00 psf. 69% of the income secured to 2031 from the undoubted covenant of Guy’s and St Thomas’ Foundation (D&B 5 A1). 8.1 years to expiry (7.0 years to break options)