Verified listing
Share:

Long income, indexed linked investment opportunity

London, United KingdomUnlock address

83%

£15.000.000

Office

#13742

Core+

3 Feb 2024

Property Details

Broker

Deactivated

15,587 sq.ft.

1,448 m²

Leasable area

962 £/sq.ft.

10,359 £/m²

4.76 %

1

Leasehold

979

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Located in the heart of the South Bank, one of London’s most vibrant and exciting districts. Comprising 15,587 sq ft NIA of award winning office accommodation arranged in two selfcontained units across ground and lower ground. The tenant has recently delivered a comprehensive refurbishment of the existing accommodation, spending £2m to create a high quality modern workspace, comprising best-inclass amenity with renewed M&E for the benefit of the occupier. Serving as their head office for approximately 20 years, both units are single let until May 2031, providing 9.1 years term certain. Gross passing rent of £763,763 per annum, Reflecting a low overall rent of £49.00 per sq ft.