TypeOffice Investments
TenureFor sale
Multi-Let Office and Restaurant Investment Opportunity adjacent to Regent's Canal comprises a purpose built, c.15,000 sq ft (NIA) multi-let mixed use office and restaurant investment fronting the Regent's Canal. Constructed in 2006, the building is of concrete frame construction and is presented in a contemporary industrial style, with exposed services, generous floor-to-ceiling heights, full height glazing providing excellent natural light throughout. The property provides a rare opportunity to acquire a 999-year virtual freehold interest in a characterful asset within one of East London's most established commercial locations.
15 secure car parking spaces
Rents reserved, including Vendor top ups, £436,101 per annum
Recent transaction at £37.51 per sq ft suggesting highly reversionary
Immediate asset management opportunity
999 year 'virtual freehold'
WAULT of approximately 1.2 years to break and 2.8 years to expiry, based upon a topped-up income of £410,101 per annum and excluding ancillary car parking income
Situated in De Beauvoir, one of East London's most sought after sub-markets
The building is situated in De Beauvoir, a sought after micro-submarket within the larger Haggerston area. De Beauvoir has rapidly evolved into one of London's most dynamic commercial enclaves, striking an enviable balance between a tranquil x9villagex9 atmosphere with immediate proximity to Shoreditch and The City.
De Beauvoir and the surrounding sub-markets of Haggerston and Dalston continue to attract a diverse mix of fashion, creative, media, music and architectural occupiers, underpinned by its proximity to Shoreditch and other East London Creative districts.
Rental Income £436,101 pa