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Landmark Newly Developed Long Let Shoreditch Investment Opportunity

The Epworth, 25 City Road, London EC1

Undisclosed

Property Type:
Commercial
Sub Type:
Office
Tenure:
Long Leasehold
Site Area:
62,789 sq.ft [5,833 sq.m]

Lease Term

Virtual Freehold interest (subject to a fixed ground rent of £830 per annum).

Tenancy

Long term income stream, securely let to NTT Data UK Consulting and IT Solutions Limited and Spaces with a WAULT of over 13 years.

Income

£3,872,722 gross per annum

Description

A landmark 1930s Art Deco building beautifully modernised for the creative industries by award-winning architects Buckley Gray Yeoman.

62,789 sq ft (5,833 sq m) of newly developed ‘best in class’ Grade A office space arranged over lower ground, ground and six upper floors.

Virtual Freehold interest (subject to a fixed ground rent of £830 per annum).

Situated just a few hundred metres from Old Street Roundabout and Tech City, at the heart of London’s thriving creative and technology cluster.

The forthcoming Elizabeth Line (Crossrail) at Liverpool Street/ Moorgate is located within a five minute walk to the south east. Old Street station is located less than 300 metres to the north.

Long term income stream, securely let to NTT Data UK Consulting and IT Solutions Limited and Spaces with a WAULT of over 13 years.

Gross rental income of £3,872,722 per annum (£61.68 per sq ft overall).

Offers are sought in excess of £78,000,000 for the shares in the UK company which holds the property, subject to contract and exclusive of VAT.