The Grade II listed building was substantially refurbished by the landlord in 2014. The building is undergoing a tenant-led refurbishment following the completion of QNB’s lease in July 2025. Headquarters office building providing 13,726 sq ft (NIA) over lower ground, ground and four upper floors. Single let to the undoubted covenant of Qatar National Bank (Q.P.S.C) on full repairing and insuring terms expiring 13th July 2035 (9.8 years unexpired). Reversionary passing rent of £128.81 per sq ft overall with prime Mayfair rents now in excess of £220 per sq ft. Private south-facing garden terrace on the second floor which extends to 1,352 sq ft.
Informations complémentaires
Processus de vente
Offers are invited in excess of £33,580,000 for 100% of the issued share capital in the BVI SPV which owns the long leasehold interest. A purchase at this level would reflect a net initial yield of 4.50% and a capital value of £2,446 per sq ft.
Vue d'ensemble des locataires
Single let to the undoubted covenant of Qatar National Bank (Q.P.S.C) on full repairing and insuring terms expiring 13th July 2035 (9.8 years unexpired);
Autres informations pertinentes
The property has been elected for VAT. The current head rent is £229,857 per annum, producing a net receivable income of £1,538,273 per annum.
