Prime Central London Freehold Investment Opportunity

Summary

• Freehold
• The existing building provides 13,327 sq ft NIA (1,238 sq m) of office
  accommodation arranged over lower ground, ground and three upper floors.
• Multi-let to two tenants, MetSpace (SeedLegals) and ADT with two vacant floors.
• The current rent passing is £364,715 per annum reflecting £46.73 per sq ft on the let accommodation.
• WAULT on the let accommodation is c.2.5 years to breaks and c.3.5 years to expiry.
• Planning application submitted for a Studio Three designed scheme for a refurbishment and extension taking the building to 17,666 sq ft (1,641 sq m).
• Opportunity to capture the strong owner occupier market as the two vacant floors provide a total of 5,523 sq ft.
• EPC rating of ‘C’ (66).