Garden House
EXECUTIVE SUMMARY
Prime City of London office, positioned within the heart of the financial district and in close proximity to the Bank of England
Excellent connectivity with Moorgate, Liverpool Street and Bank stations all within 400m
Strategically positioned within an internationally recognised address, surrounded by major corporate occupiers including BlackRock, Rothschild & Co, and UBS AG
Long leasehold until December 2123, held at a low gearing of 2.85% of rents received, with a minimum net head rent of £40,000 pa (current head rent payable is £50,687 pa)
Comprises 43,694 sq ft of office and ancillary accommodation arranged over basement, lower ground, ground and 6 upper floors
Single let to Deutsche Bank AG on a reversionary lease expiring 11 December 2023, with an option to extend to 30 October 2024
A highly reversionary gross passing rent of £1,952,000 pa / £44.67 per sq ft and a net rent of £1,901,313 pa
Opportunity to undertake a comprehensive refurbishment and extension of the existing building and restructure the long leasehold interest subject to relevant consents
Offers are invited for the long leasehold interest, subject to contract (the share capital in the SPV is available through separate negotiation
CONTACT
Please contact us for further information regarding any of the properties on our site.
Barry Marshall