£33.300.000
Confirmation
Educational-led reversionary investment opportunity
Property Details
Broker
For sale
63,451 sq.ft.
5,895 m²Leasable area
524 £/sq.ft.
5,648 £/m²7.00 %
4
Freehold
Fees
Investment Overview
Prominently located 300 metres from Liverpool Street station, the busiest station in the UK following the opening of the Elizabeth line. Held virtual freehold for a term of 999 years from 18th November 2009 (984 years unexpired) subject to a fixed rent of £1.00 per annum. 63,451 sq ft (5,894.5 sq m) of Grade A educational, leisure and ancillary accommodation arranged across lower ground, ground and five upper floors Multi-let to four tenants, generating a topped up net passing rent of £2,491,416 per annum reflecting a highly reversionary £39.27 per sq ft overall and providing a WAULT of 5.5 years to breaks and 6.4 years to expiries. The building benefits from a block date in November 2029 providing the opportunity to achieve full vacant possession.
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