Freehold City of London Investment Opportunity, London EC2

Tenancy

Multi-let to one office and three retail tenants on full repairing and insuring terms providing a total passing rent of £981,250 per annum.

Description

• Prominent corner position on one of the City of London’s few seven-day-a-week trading retail pitches, in close proximity to Spitalfields, one of Central London’s most vibrant quarters, and opposite the Broadgate Estate.
• Unrivalled transport connectivity being only 50m from Liverpool Street Station, which will further benefit from direct access to the Elizabeth Line from the end of 2019.
• 23,065 sq ft (2,142.8 sq m) of office, retail and ancillary accommodation arranged over lower ground, ground and four upper floors.
• Multi-let to one office and three retail tenants on full repairing and insuring terms providing a total passing rent of £981,250 per annum.
• The office accommodation accounts for 46% of the total income and is let to Eden Brown off a highly reversionary rent of £452,500 per annum, which reflects only £30.56 per sq. ft. overall.
• The retail accommodation accounts for 54% of the passing rent and is securely let to Santander UK Plc,Coral Racing Limited and Snappy Snaps off reversionary rents.