Acquired

Freehold Multi-let Office and Retail Investment, London EC4

16-18 New Bridge Street, London EC4

Acquired for £19,620,000

Property Type:
Commercial
Sub Types:
Office, Retail
Tenure:
Freehold
Net Initial Yield:
4.59%
Site Area:
22,482 sq.ft [2,089 sq.m]

Tenancy

Multi-let to ten individual tenants with a WAULT of 3.5 years to expiry.

Income

£960,404.29

Description

  • Prominent corner building of 22,482 sq ft (2,088.6 sq m)
  • Grade A, air conditioned offices over first to sixth floors, with retail at part ground and lower ground floors
  • Total passing rent of £960,404.29 per annum exclusive, reflecting a lower average rent of only £44.94 sq ft on the office accommodation
  • Superb transport connections being only 25 metres from access to Blackfriars Mainline Train Station (Thameslink and Southeastern services) and Underground Station (Circle and District Underground lines)