Sold
Tech Belt Refurbishment and Repositioning Opportunity, London E1
9 Prescot Street, London E1
Sold for £53,850,000
- Property Types:
- Commercial, Development Opportunity
- Sub Type:
- Office
- Tenure:
- Freehold
- Net Initial Yield:
- 4.45%
- Site Area:
- 96,948 sq.ft [9,007 sq.m]

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