Bought For £11M

Sold For £12M

Located on the south side of Prescot Street close to Aldgate, Aldgate East & Tower Hill underground stations.

  • Comprising a modern purpose built office building constructed in 1988 over lower ground, ground & 4 upper floors
  • Office amenities include VAV air conditioning; raised floors; metal plank suspended ceilings; 3 passenger lifts; double height reception & 2 car spaces
  • Total net internal floor area of 4,601 sq m (49,521 sq ft)
  • Single-let to Santander plc on FR&I terms expiring on 24 December 2012 at a current rent of £1,040,000 pa (£21.00 psf overall)
  • ERV of c£35.00 psf post Grade A refurbishment
  • Potential to extend the existing demise subject to planning permission
  • Improving City fringe location currently undergoing regeneration with numerous substantial

The property comprises 49,000 sq ft and is situated within the London Borough of Tower Hamlets and lies in a designated area for stamp duty purposes and is located on the eastern periphery of the City of London, on the southern side of Prescot Street.

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