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Multi-let office building

London, United KingdomUnlock address

80%

£11.626.000

Office

#14181

Core+

1 Mar 2024

Property Details

Broker

For sale

13,386 sq.ft.

1,244 m²

Leasable area

868 £/sq.ft.

9,345 £/m²

5.50 %

6

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Multi-let offi ce building located in the heart of EC3. The building comprises 13,386 sq ft (1,243.19 sq m) of office on lower ground to 5th floors. Recently refurbished. Multi-let to six tenants producing £682,328 per annum (inclusive of top-ups). The weighted average unexpired lease term is 4.43 years (2 years to breaks). The refurbishment has been comprehensive including new air conditioning, suspended ceilings, raised fl oors, LED lighting, remodelled entrance hall, new security access system and video entry. Great attention to detail has been taken in remodelling the façade, adding terraces to the 5th and ground fl oors and installing new facilities such as the Velodrome inspired bike room and showers.