89-91 Gresham Street, London
14,499 sq ft
Description
89-91 Gresham Street is a prime and highly prominent building comprising 14,499 sq ft (1,347 sq m) of office, bar/restaurant and ancillary accommodation over lower ground, ground and 5 upper floors.
The bar/restaurant is let until April 2036 (13.5 years term certain) to New World Trading Company (UK) Ltd (t/a The Trading House) at a current passing rent of £155,000 per annum reflecting only £33.00psf overall.
Multilet to three office tenants on leases with breaks and expiries between 2027 and 2034 off a low overall passing rent of only c. £59.60 psf overall. All office floors have undergone a high quality refurbishment since 2018 with the 2nd floor having recently been refurbished to CAT B spec, the rent achieved on the second floor is £69.50psf highlighting the reversionary rents on the remainder of the office floors.
The total gross passing rent is approximately £710,000 per annum.
Offers are invited for the long leasehold interest, subject to contract and exclusive of VAT.
The bar/restaurant is let until April 2036 (13.5 years term certain) to New World Trading Company (UK) Ltd (t/a The Trading House) at a current passing rent of £155,000 per annum reflecting only £33.00psf overall.
Multilet to three office tenants on leases with breaks and expiries between 2027 and 2034 off a low overall passing rent of only c. £59.60 psf overall. All office floors have undergone a high quality refurbishment since 2018 with the 2nd floor having recently been refurbished to CAT B spec, the rent achieved on the second floor is £69.50psf highlighting the reversionary rents on the remainder of the office floors.
The total gross passing rent is approximately £710,000 per annum.
Offers are invited for the long leasehold interest, subject to contract and exclusive of VAT.
BUILDING HIGHLIGHTS
Core City of London location
Unrivalled transport links
Grade II Listed building
Comprehensively refurbished
Gross passing rent c.£710,000 pa
Long leasehold
