Significant cap ex investment with a comprehensive rolling refurbishment programme between 2015 – 2021, future proofing the building.
Property provides combined total of 87,905 sq ft of office (95%) and retail (5%) accommodation.
The property produces a total headline rent of £2,234,418 per annum (including vendor rent guarantees).
34% of income benefits from guaranteed rental performance through minimum uplifts.
Building is now 97% let to 11 tenants including IWG Global Investments SRL, Marsh Corporate Services Ltd & Fletchers Solicitors, offering exceptional income diversity.
Attractive WAULT of 8.3 years to lease expiry and 6.3 years to tenant break options providing excellent income security.