Prime Freehold London Investment In the Heart Of Old Street
Summary
Located on City Road within the heart of Old Street and the Tech City Quarter
Situated approximately 85m from Old Street Underground & Mainline Stations and the Old Street Roundabout regeneration
12,770 sq ft sq ft of net lettable accommodation arranged over lower ground, ground and five upper floors
Multi-let to four office tenants, remaining vacancy to be topped up with a current rent passing of £719,985 per annum
Average rents reflect circa £56.40 psf overall
Landlord has invested significant capital expenditure on the accommodation with an ESG focus across the asset
Recent lettings within the building and the micro location highlight the demand and resilience within the
occupational market
Offers are invited in excess of £11,250,000 for the freehold interest, subject to contract and exclusive of VAT, reflecting net initial yield of 6%
and a low capital value of £880 psf overall.
