Global Real Estate: London, England, United Kingdom
£ 21,000,000 Freehold London Office Investment - 6.75% NIY. EXECUTIVE SUMMARY LOCATION The property is prominently situated in a central location within close proximity to the internationally renowned business district in the City of London.
DESCRIPTION The property was extensively refurbished in 2001 and provides a self contained headquarters office building comprising approximately 30,979 sq ft (2,878.1m²) of modern office and ancillary accommodation arranged over lower ground, ground and six upper levels.
TENURE Freehold.
TENANCY The entire property is let to single tenant on a lease expiring in June 2016 (approximately seven years unexpired) at a passing rent of £1,440,992.50 per annum, subject to an upwards only rent review in June 2011.
VAT The property has been elected for VAT purposes.
CAPITAL ALLOWANCES Capital allowances are available to a qualifying purchaser by way of separate negotiation.
PROPOSAL Offers are sought, subject to contract and exclusive of VAT, for the freehold interest.
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