For Sale

A Newly Developed Freehold Office Investment Located at the Heart of London’s Tech Belt

Wool + Tailor, 10-12 Alie Street, London E1

Offers in excess of £27,000,000

Property Type:
Commercial
Sub Type:
Office
Tenure:
Freehold
Net Initial Yield:
4.86%
Site Area:
27,158 sq.ft [2,523 sq.m]

Lease Term

Freehold

Tenancy

Multi-let to five tenants providing well diversified income with a WAULT of 7.25 years to lease expiries and 5.67 years to the earlies determinations.

The total passing rent equates to £1,402,367 per annum (£53.35 per sq ft) overall inclusive of vendor top-ups of unexpired rent-free periods.

Income

£1,402,367 per annum (£53.35 per sq ft)

Features

  • Grade A specification
  • HVAC system: simultaneous heating and cooling system with multiple fan coil units on each floor
  • Raised floors with exposed galvanised steel floor tiles
  • 2 x 10 person passenger lifts serving all floors
  • Generous floor to ceiling heights of up to 3.3m
  • Low energy LED lighting
  • CCTV, video entry system and key fob access
  • Cycle racks for 36 bikes and lockers
  • 4 showers and changing area
  • Eco-friendly biodiverse roof
  • BREEAM 'Very Good'
  • Fibre optic high speed internet enabled by Hyperoptic
  • WiredScore Gold Certified

Description

Wool + Tailor is a Freehold property located at the heart of Central London’s Tech Belt, in Aldgate, one of the most dynamic and evolving sub-markets and benefits form exception transport connectivity with five London stations within a 10-minute walk, plus two forthcoming Elizabeth Line stations (Liverpool Street and Whitechapel) within just a 15-minute walk.

The property was comprehensively developed to the highest standards in 2019 to provide approximately 2,523 sq m (27,158 sq ft) NIA* of contemporary Grade A office and ancillary accommodation arranged over lower ground, ground and 7 upper floors.

Designed by local architects GPAD, the development included an extension to provide two additional floors and brand new façade, with a BREEAM rating “very good”.

The property has been meticulously designed for the modern occupier with exposed industrial features and substantial terraces with panoramic views on the new 6th and 7th floors. The typically 3,600 sq ft NIA floor plates are regular in shape and provide good natural light front and rear, which is enhanced by the generous floor to ceiling heights of up to 3.3 metres.

The building is accessed via a substantial entrance lobby with fret cut detailing and a bespoke reception desk, which provides access to two ten person passenger lifts serving all floors. A separate entrance beside the reception provides discreet access to the showers and bicycle storage in the lower ground.

The building benefits from a unique 7th floor communal business lounge, which has dual aspect terraces, with panoramic views of the City and beyond. The 6th floor also benefits from a substantial south facing terrace.