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Baird House 15-17 St Cross St 23,997 sq ft 100% Let Office Property London EC1N 8UW £17,300,000 (£720.92/sq ft) 6.71% Net Initial Yield
Investment Highlights
- Located in the heart of Farringdon, one of London’s most creative and vibrant submarkets.
- Significant reversionary potential with office buildings in the vicinity consistently achieving in excess of £85.00 psf.
- Multi-let to 10 office tenants providing an annual passing rent of £1,238,439 pa reflecting only £53.80 psf.
Executive Summary
Baird House comprises 23,997 sq ft (2,229.3 sq m) of Grade A office and ancillary accommodation arranged over basement, ground and four upper floors. The configuration
offers flexibility for a variety of occupiers, combining efficient floor plates with modern finishes and excellent natural light throughout.
offers flexibility for a variety of occupiers, combining efficient floor plates with modern finishes and excellent natural light throughout.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
23,997 sq ft
Costar Property Class
B
Year Built/Renovated
1935/2007
Price
£17,300,000
Price per sq ft
£720.92
Yield
6.71%
NOI
£1,160,830
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
4,477 sq ft
Plot ratio
3.24
Total Plot Size
0.17 ac
Amenities
- Banking
- Bus Route
- Controlled Access
- Local Shop
- Security System
- Kitchen
- Bicycle Storage
- Demised WC facilities
- High Ceilings
- Lift Access
- Natural Light
- Open-Plan
- Perimeter Trunking
- Reception
- Wooden Floors
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Baird House | 15-17 St Cross St
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