Office Building near Regent’s Park

Prominent site on the southern side of Euston Road and adjacent to Regent’s Park. The Property benefits from connectivity to the transport network providing access to the Underground, National Rail and international rail services. Refurbished in 2018, the Property extends to 17,400 sq ft over lower ground, ground and four upper floors. Long leasehold interest from London Underground Limited with c.124 years unexpired with a ground rent gearing of 5% of the rental income. Single let to for a lease term with 24 years unexpired at a passing rent of £1,041,000 per annum reflecting £59.69 per sq ft. Five yearly fixed uplifts to 2.5% annually compounded. Topped up net rent of £988,950 per annum.