16-20 Red Lion St - Office FOR SALE


London, LND WC1R 4PJ
$31,000,000 USD
16-20 Red Lion St, London, LND for Sale
$31,000,000 USD
Office - FOR SALE
1/29
null | 6.5% Cap Rate

16-20 Red Lion St
London, LND WC1R 4PJ


HIGHLIGHTS

  • Opportunity to acquire one of Midtown’s leading office buildings, benefitting from a recent high-quality back-to frame refurbishment.
  • Prominently positioned on the corner of Red Lion Street and Sandland Street.
  • Excellent connectivity close to Holborn and Chancery Lane Underground Stations

OVERVIEW

Opportunity to set a new headline rent by letting the vacant, fully fitted third floor north and drive the rental income within the building at the upcoming rent reviews. The property is held Long Leasehold for a remaining term of 122 years and geared to 10% of the gross revenue subject to a minimum base rent of £112,070 per annum.

FOR SALE DETAILS

PRICE

$31,000,000 USD

PRICE/SF

$842 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

BB17097,BB21661,BB30786,BB6202,BB6698,BB7210,LN114858,NGL762954,NGL777023

ASK ABOUT THIS PROPERTY

Henry GuiverAllsopMore Info

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