Sold

Alphabeta, 14 – 18 Finsbury Square, London EC2

Alphabeta, 14 – 18 Finsbury Square, London EC2

Sold for £280,000,000

Property Type:
Commercial
Sub Types:
Retail, Office
Tenure:
Freehold
Net Initial Yield:
4.04%
Site Area:
244,661 sq.ft [22,729 sq.m]

Tenancy

Mulit-let to eight office tenants (89.8% gross income) whilst a further 18,757 sq ft (1,742.5 sq m) of restaurant, bar and gym accommodation is let to five tenants. The remaining 9,649 sq ft (896 sq m) of office accommodation is under offer.

Income

The property is highly reversionary and provides a total gross income of £11,520,371 per annum (£47.30 per sq ft overall).

Description

Landmark Freehold building comprising 244,661 sq ft of newly refurbished Grade A office, restaurant, bar, gym and ancillary accommodation arranged over basement, lower ground, ground and eight upper floors.

Parking for 254 cycles accessed via a unique, 40 metre ride in ramp from Worship Street and 7,340 sq ft (682 sq m) of roof terraces.

Located equidistant between the City of London and Shoreditch and situated prominently on the north side of Finsbury Square, within 400 metres of the Moorgate/Liverpool Street Crossrail Station due to complete in 2018.