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Freehold refurbishment/redevelopment opportunity

London, United KingdomUnlock address

88%

£15.000.000

Office

#16701

Value-Add

30 Apr 2024

Property Details

Broker

Sold

55,817 sq.ft.

5,186 m²

NIA

268 £/sq.ft.

2,892 £/m²

0

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Highly prominent corner position within the City of London and in close proximity to the city’s tower cluster. The property comprises 55,817 sq ft net internal area (87,209 sq ft gross internal area) of office and ancillary accommodation, arranged over two basements, ground and eight upper floors. The property was originally constructed in the early 1950’s, with various internal refurbishments having been undertaken during its lifespan. Typical upper office floorplates of circa 6,300 sq ft. Highly efficient office configuration, allowing the property to benefit from excellent levels of natural light. The property is offered for sale with vacant possession.