Verified listing
Share:

Mixed use in the heart of the Shoreditch Triangle

London, United KingdomUnlock address

83%

£4.500.000

Mixed use

#14661

Core+

9 Jan 2024

Property Details

Broker

Deactivated

4,959 sq.ft.

461 m²

Leasable area

907.44 £/sq.ft.

9,761 £/m²

6.00 %

4

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.00 %

0.50 %

Investment Overview

The building extends to 4,959 sq ft (460.6 sq m) arranged over lower ground, ground and 3 upper floors comprising 3,856 sq ft (358.2 sq m) NIA of Grade A office and 1,103 sq ft (102.4 sq m) GIA of leisure. The property was comprehensively refurbished and extended in 2018 and benefits from secure cycle storage, high quality common parts and shower facilities The property is 100% let to three office tenants and one leisure tenant with an attractive WAULT of 4.0 years to expiries and 3.8 years to breaks. Total net rent on sale of £291,186 per annum equating to a low reversionary average rent of £58.72 psf. • Originally constructed in 1991 and underwent a comprehensive refurbishment in 2018.