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32 Threadneedle St 13,945 sq ft 100% Let 4-Star Office Property London EC2R 8AY £9,000,000 (£645.39/sq ft) 6.47% Net Initial Yield



INVESTMENT HIGHLIGHTS
- A highly attractive Grade II listed building with a classic Portland stone façade, periodically refurbished to a high modern specification
- Unrivalled connectivity situated within a 10 minute walk of 8 transport hubs including Bank, Liverpool Street, Moorgate and Cannon Street
- Prominently located on the famous Threadneedle Street in the heart of the City of London
EXECUTIVE SUMMARY
32 Threadneedle was constructed in 1919 with a classic Portland stone façade and beautiful period design, and was comprehensively refurbished in 2016 to provide the property with a combination of charming historic character and high quality modern specification. This Grade II listed office property comprises 13,945 sq ft NIA of accommodation arranged over basement, lower ground, ground and six upper floors, and benefits from excellent building amenities including a passenger lift, gym / fitness suite, spin room and 4 on-site showers, changing facilities and 16 cycle racks. The property currently benefits from an EPC B (41), and the vendor has recently commissioned an EPC upgrade report to provide a clear and costeffective route to achieving EPC A.
OIEO £9,000,000 for the long leasehold interest.
OIEO £9,000,000 for the long leasehold interest.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
13,945 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
1919
Price
£9,000,000
Price per sq ft
£645.39
Yield
6.47%
NOI
£582,300
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
7
Typical Floor Size
1,992 sq ft
Plot ratio
0.44
Total Plot Size
0.72 ac
AMENITIES
- 24 Hour Access
- Raised Floor
- Security System
- Signage
- Kitchen
- Accent Lighting
- Storage Space
- Lift Access
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Shower Facilities
- Air Conditioning
- Smoke Detector
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32 Threadneedle St
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