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Georgian mid-terraced office building

London, United KingdomUnlock address

77%

£5.750.000

Office

#34241

Core+

31 May 2024

Property Details

Broker

For sale

5,188 sq.ft.

482 m²

GIA

1,108 £/sq.ft.

11,929 £/m²

0

Leasehold

96

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Attractive Georgian mid-terraced office building arranged over the basement, around and four upper floors, comprising 3,411 sq ft (NIA), 5,188 sq ft (GIA) of self-contained office accommodation with a Held long leasehold from The Grosvenor Estate for 125 vears from 25 March 1995. Having approximately 96 years unexpired. The lease is geared to 15% of rents received. Single let for gross rent of £247,170 per annum, until 29 January 2030, with a mutual break option on 7 November 2024. Allowing for full vacant possession thereafter.