Office Building, London, UK

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Office Building, London, UK

19,871,000 €
9,238 € /m²
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  • Total area
    2,151 m²
  • Yield
    4.3%
Details
Property parameters
  • 6-floor building
Financial performance
  • Annual income: 836,739 €
Tenants
  • Fully let
  • End of lease: 2025
Property status
  • Most recent total renovation: 2015

Office building in the center of London.

Description

The property includes 6 floors and a basement.

The building was renovated in 2015.

Ownership type: Freehold.

Financial performance

The cost of the property is £ 17,120,000.

The absolute annual income is £ 731,364.

The current yield is 4.3%.

Tenants

The tenant is the country's leading ophthalmic clinic, which annually receives more than 300,000 patients. The company employs 1,700 people.

The lease agreement is valid until August 31, 2025, and provides for the indexation of rent in 2020.

Location and nearby infrastructure

The property is located on one of the most populous streets in London, where there are offices of such world-famous companies as Microsoft, Google, and Amazon. In this area, there are many restaurants, cafes, bars, clubs and boutique hotels.

There is a metro station in a walking distance from the building. Travel time to important facilities is:

  • Bank — 4 minutes.
  • London Bridge 5 min.
  • Kings Cross Station — 5 min.
  • Tottenham Court Road — 12 min.
  • Waterloo — 12 min.
  • Bond Street — 14 min.
  • Paddington — 18 min.
  • Heathrow Airport — 41 minutes.

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