£19.800.000
Confirmation
Prime mixed use property
Property Details
Broker
For sale
25,772 sq.ft.
2,394 m²Leasable area
768.28 £/sq.ft.
8,270 £/m²6.75 %
3
Freehold
Fees
Investment Overview
Prime mixed use property on the south side of High Holborn overlooking North Lawn Gardens. Excellent connectivity - Immediate proximity to Chancery Lane and Holborn Stations. 25,772 sq ft of office and retail accommodation over lower ground, ground and 8 upper floors. Extensive terracing to nearly every floor to the rear affording excellent views over North Lawn Gardens. Two office occupiers and restaurant operator generating a topped up passing rent of £1,427,241 per annum reflecting a low £55.38 psf on the office accommodation. Prime Midtown rents are in excess of £90 psf WAULT to expiry of 6.25 years. Comprehensively refurbished in 2015 benefiting from excellent natural light, efficient floor plates, bike storage and shower facilities. Designed by Sidney Kaye Eric Firmin & Partners the building reflects a late Modernist / Brutalist style typical of the prestigious corporate headquaters of the era. Since then the property has undergone modernization having been reskinned and refurbished throughout in 2015.
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