• Freehold
• Prime tech belt location, within 100 metres of Old Street station and 700 metres of Moorgate station (Elizabeth line)
• The property comprises 26,265 sq ft (2,440.1 sq m) NIA of high-quality office accommodation arranged over lower ground, ground and five upper floors
• Comprehensively refurbished in 2014, providing fitted and partially fitted office accommodation, with excellent tenant amenities including 30 bike racks, newly fitted showers and a terrace on the 5th floor
• Currently multi-let to two office tenants, providing a WAULT of 1.0 year to earliest determination and 2.3 years to expiries, on the let accommodation
• WeWork surrendered their lease in January 2023 over lower ground, ground and first floor, providing an incoming investor the opportunity to relet this space to stronger credit tenants
• Proposed passing rent of £1,566,933 per annum, reflecting an average rent of £59.66 psf (inclusive of vendor top ups)
• Opportunity to drive investment performance through asset management initiatives, including letting the vacant accommodation
• Ability to create a highly attractive running yield once stabilised
• Implemented consent for a new sixth floor and roof terrace, providing the opportunity to drive value in the medium term

Offers invited for the freehold interest, subject to contract and exclusive of VAT