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Mutli-let freehold City Of London investment

London, United KingdomUnlock address

87%

£43.000.000

Mixed use

#14707

Core+, Value-Add

3 Feb 2024

Property Details

Broker

For sale

39,013 sq.ft.

3,624 m²

Leasable area

1,102 £/sq.ft.

11,865 £/m²

4.50 %

15

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Highly reversionary mixed-use City of London office and retail investment. Attractive art-deco building providing 39,013 sq ft of office, retail and ancillary accommodation, including a self-contained office building of 1,759 sq ft. Reversionary topped-up passing rent of £1,973,432 pa reflecting £49.96 psf overall. Cat A+ fitted solutions in the City of London now command rents in excess of £70.00 psf with reduced voids and tenant incentives WAULT of 4.50 years to expiry (3.60 years to breaks). Active asset management potential with all leases outside L&T Act 1954 offering significant landlord control.