Tech Belt Refurbishment and Repositioning Opportunity, London E1

Tenancy

9 Prescot Street is multi-let to four tenants with a weighted unexpired lease term of approximately 3.6 years to expiry and 2.2 years to the earliest determination.

Description

• Freehold virtual island site of 0.54 acres
• Located at the heart of one of Central London’s most dynamic and evolving locations
• 9 Prescot Street comprises a 96,948 sq ft (9,006.8 sq m) warehouse office building with up to 4.9m ceiling heights and windows on all four elevations
• The property is highly reversionary and currently provides a total income of £2,560,443, equating to £26.41 per sq ft overall
• Block date for comprehensive refurbishment to include the Chamber Street plant room site is possible from 2022
• Various opportunities to increase bulk and massing