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Single-let corner building

London, United KingdomUnlock address

88%

£9.600.000

Office

#13743

Core+

2 Feb 2024

Property Details

Broker

For sale

16,726 sq.ft.

1,554 m²

Leasable area

573.96 £/sq.ft.

6,177 £/m²

5.63 %

1

Leasehold

992

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Virtual Freehold with 992 years unexpired. Located in the heart of Stratford, adjacent to the Queen Elizabeth Olympic Park. Exceptional connectivity being within 250m of Crossrail ‘The Elizabeth Line’ at Stratford Station, which opened in May 2022. A prominent corner building at the junction of Broadway and Great Eastern Road. 16,726 sq ft (1,553.9 sq m) of Grade A offices over ground and two upper floors. Single-let to Vistry Partnerships Limited until December 2027 (5.6 years unexpired). Passing rent of £550,000 per annum, equating to a low overall rent of £32.88 per sq ft. An upwards-only rent review in January 2023, providing the opportunity for a significant rental uplift.