Prominent Midtown mixed-use property

Prominent Midtown location – one of the capitals most exciting and dynamic submarkets. Property occupies a 0.35 acre site comprising 76,956 sq ft of Grade A office retail and ancillary accommodation arranged over basement ground and nine upper floors. Originally constructed in 1939 and compressively refurbished in 2009 behind a retained façade the existing structure consists of steel frame and concrete slab construction with a lightweight steel extension to the ninth floor. Excellent connectivity with High Holborn and Chancery Lane station both within a 3 min walk and in close proximity to the Elizabeth line at Tottenham Court Road and Farringdon. Majority let to the undoubted covenant of the University of Arts London (UAL), with 5A1 D&B rating, until November 2029 at £4,177,500 pa reflecting a low £56.00 psf with prime midtown rents in excess of £90.00 psf. Retail element comprising 3 units totals 2,509 sq ft multi-let with passing rent of £275,000 pa. Current overall passing rent of £4,452,500 pa.