Global Real Estate: London, England, United Kingdom
£ 130,700,000 Prime Offices EC2 LONDON INVESTMENT PROFILE 201,666 sq ft Totally refurbished 2006 Excellent Communication links Freehold Strong and excellent Covenant 16+ year Lease remaining Gross ROI yield is 7.69% Single FRL and Insuring Lease
TENANCY The property is subject to a single full repairing and insuring lease as follows:
Tenant : AAA Grade Term : 16 years and 6 months (March 2008 to September 2024) Rent Passing : £10,024,375 per annum (£49.70 per sq ft overall) Rent Reviews : March 2013 (five yearly thereafter)
CAPITAL ALLOWANCES All unutilised capital allowances, which are estimated to be between £24.4, to £28.5 million, could be made available to the purchaser.
PRICE For indicative purposes, a price of £130,700,000 will reflect a net initial yield of 7.25% (after purchaser's costs of 5.75%).
