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Duru House 99-101 Commercial Rd 27,128 sq ft 100% Let Office Property London E1 1RD For Sale
INVESTMENT HIGHLIGHTS
- Freehold site totalling 0.1 hectares (0.24 acres).
- Approximately 0.3 miles to Aldgate East Station.
- Not located in Article 4 Zone, potential for conversion to residential.
- Offers are sought for the freehold interest on a wholly unconditional basis.
- Situated on Commercial Road, within the London Borough of Tower Hamlets.
- Existing building 33,051sqft (3,071sqm) GIA & 27,127sqft (2,520 sqm) NIA.
- Potential for alternative uses subject to the necessary consents.
EXECUTIVE SUMMARY
The property will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest on a wholly unconditional basis.
The building is currently multi-let to 10 tenants producing a rental income of £208,653 per annum. Vacant possession of the ground floor and above floors is possible within 6
months.
The basement space which totals 6,690 sq ft (621.5 sq m) NIA and is currently leased to London Xmas until 14 March 2030 at a passing rent of £55,200 per annum.
The building is currently multi-let to 10 tenants producing a rental income of £208,653 per annum. Vacant possession of the ground floor and above floors is possible within 6
months.
The basement space which totals 6,690 sq ft (621.5 sq m) NIA and is currently leased to London Xmas until 14 March 2030 at a passing rent of £55,200 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
27,128 sq ft
Costar Property Class
B
Year Built
1988
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
6,703 sq ft
Plot ratio
2.59
Total Plot Size
0.24 ac
AMENITIES
- Security System
- Air Conditioning
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Duru House | 99-101 Commercial Rd
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