Description

Designed by award-winning architects Garnett and Partners, 43 Eagle Street has undergone a comprehensive refurbishment, delivering 10,422 sq ft of high-quality office accommodation across basement, ground and four upper floors.

The refurbishment has sensitively combined the building's original brick and concrete character with a contemporary, fully fitted specification, retaining exposed concrete coffered ceilings and full-height period windows to provide exceptional natural light throughout.

The offices benefit from wider building amenity, including end-of-trip facilities comprising secure cycle storage and showers, together with a communal roof terrace providing outdoor entertainment space.

The building also holds strong ESG credentials, including an EPC B rating, and received BREEAM 'Very Good' and NABERS 4* ratings following completion of the development.

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Attributes

Building area net

10,422 sf

Tenure

Freehold

Year renovated

2021

EPC

Grade B

Media

Investment highlights

Freehold, comprehensively refurbished office building in the heart of Midtown.
Excellent connectivity, located 240m from Holborn Station (Central
& Piccadilly lines), with Chancery Lane, Farringdon and King's Cross St Pancras all within easy reach for Elizabeth Line, Thameslink and National Rail services.
Comprehensive 2021 refurbishment, delivering strong ESG credentials, including EPC B, BREEAM 'Very Good' and NABERS 4*, requiring no near-term capital expenditure.
The building provides 10,422 sq ft across basement, ground and four upper floors.
Multi-let to four tenants at a low topped up rent of £64.91 psf on the let space (£676,470 pa), against a Midtown prime rent of £85.00 psf, a 24% reversionary gap offering significant scope to capture rental growth.
Positioned to benefit from acute supply-side shortages due to newbuild vacancy across Midtown at just 0.1%, with refurbished stock of this quality increasingly rare.
The vacant fourth floor at 1,110 sq ft, presents a clear asset management opportunity, underpinned by strong take-up already achieved across the upper floors.
Amenity-rich specification including a communal roof terrace and end-of-trip facilities, aligned to current occupier demand.
WAULT of 2.1 years to breaks and 2.9 years to expiries, offering the opportunity to capture rental reversion with limited near-term capital requirements