Freehold Office investment with short term income
Description
The subject property comprises a purpose built self-contained office building; arranged over Lower Ground, Ground, and Five upper floors – serviced by a passenger lift and two terraces. The property has frontage onto The Minories as well as onto Vine Street at the rear.
Subject to the appropriate planning permission, it is considered that there is scope to extend the property from the roof level.
Location
The property is located on the West side of The Minories. The subject property is situated within the heart of the City and is within close proximity of Aldgate, Aldgate East, Tower Hill & Tower Gateway Stations.
Investment Summary
- Prime City of London investment opportunity fronting the Minories and Vine Street
- Freehold
- Currently fully occupied with flexible leases
- Approximately 4,720 sq.ft. NIA
- Total passing rent circa £123,000 pa.
- Offers in excess of £3,950,000 (Three million, nine hundred & fifty thousands pounds)TenureFreeholdProposalOffers in excess of £3,950,000 (THREE MILLION, NINE HUNDRED AND FIFTY THOUSAND POUNDS), subject to contract.
VatThe property is NOT elected for VAT.EPCThe subject property is rated D with a score of 87
| Price: | £3,950,000 |
| Address: | Minories & Vine Street |
| City: | London |
| Zip Code: | EC3N 1NT |
