£9.200.000
Confirmation
Grade A office with a short term leaseback
Property Details
Broker
For sale
45,741 sq.ft.
4,249 m²Net Internal Area
201 £/sq.ft.
2,165 £/m²7.90 %
1
Freehold
Fees
Investment Overview
The Property is a five-storey, purpose-built Grade A office landmark, completed in mid-2021 and widely regarded as the best office building in the city. The building features a contemporary design with brick façades and a fully glazed southern elevation, with the top floor stepped back to provide a stunning external terrace and a strong architectural identity. 45,741sq. ft arranged over ground and 4 upper floors including 2 stunning roof terraces. Short term leaseback to Arco Limited for a period of 9 months at an annual rent of £777,000 per annum, which equates to a low rent of £17 psf. 13 car parking spaces are included with the building. The vendor has secured a further 200 car parking spaces in the next door multi storey car park on a long-term lease at an initial rent of £160,000 pa.
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