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Prime City Core Freehold Investment Opportunity

England, United KingdomUnlock address

83%

£20.000.000

Office

#33824

Core+

3 Mar 2024

Property Details

Broker

For sale

22,686 sq.ft.

2,108 m²

Leasable area

881 £/sq.ft.

9,487 £/m²

6.23 %

10

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Situated at the traditional City of London core, within 250 metres of the Bank of England, The Royal Exchange and Mansion House. Attractive period property, recently refurbished to provide approximately 22,686 sq ft (2,108 sq m) of modern Grade A office and ancillary accommodation across lower ground, ground and eight upper floors behind a timeless Portland stone façade, with attractive ground floor annex. EPC B rated fully ‘future proofed’ building with the ground, first, fourth, and fifth floors refurbished and fully fitted to the highest standards, together with the common parts in 2023. Regular and flexible rectangular floor plates benefitting from excellent levels of natural light from three elevations. Multi-let to 10 tenants providing well diversified income of £1,330,952 per annum (£58.67 per sq ft overall) inclusive of vendor top-up. WAULT of approximately 3.5 years to lease expiries and 2.9 years to the earliest determination.