Offers are invited for the long leasehold interest in excess of £5,950,000 reflecting a capital value £375 per square foot on the existing (Subject to Contract and Exclusive of VAT) Multi-let to four office tenants with a passing rent of £270,383 per annum reflecting a highly reversionary rent of £30.04 per square foot on the let accommodation. 16-24 Underwood Street is a former Victorian warehouse. The property comprises two connected warehouses providing 15,863 sq ft of office accommodation. The office accommodation is arranged over lower ground, ground and two upper floors with additional mezzanine levels on the second floor north and south. The offices are split into bright an airy north and south units comprising approximately 1,500 - 2,000 sq ft. The units can be connected to provide contiguous floor plates of approximately 3,500 sq ft. The asset benefits from generous floor to ceiling heights and abundant levels of natural light, with large period windows on both the east and west façades. The design thoughtfully preserves the heritage features through retaining the original wooden floors and exposed steel beams and columns.