26-28 Glasshouse Yard - Office FOR SALE


London, LND EC1A 4JU
$34,900,000 USD
808-501-2863
26-28 Glasshouse Yard, London, LND for Sale
$34,900,000 USD
Office - FOR SALE
1/32
null | 8.25% Cap Rate

26-28 Glasshouse Yard
London, LND EC1A 4JU


HIGHLIGHTS

  • Two office buildings, 20-25 and 26–28 Glasshouse Yard (GHY), which form a prominent corner site with fantastic views over the Grade I listed Charterhouse.
  • Prime Central London location 100 metres from Barbican Station and 250 metres from Farringdon Station (East) entrance.
  • 26 – 28 GHY is an HQ office building comprising 47,611 sq ft arranged of LG, G and six upper floors. It is let in its entirety to Amazon UK Services Ltd at a passing rent of £2,664,475 per annum reflecting a low passing rent of £55.96 per sq ft until 01/0
  • 20-25 GHY comprises 6,759 sq ft office building which was fully refurbished in Dec 2022. The building has a topped up passing rent of £410,520 per annum reflecting £60.74 per sq ft .
  • Total topped up passing rent of £3,074,995 per annum reflecting a highly reversionary £56.56 per sq ft.
  • Anomaly have undertaken an initial feasibility study outlining the potential to enhance value by increasing the massing by 19,524 sq ft a 36% uplift in floor area to give 73,894 sq ft.

OVERVIEW

26- 28 Glasshouse yard comprises of a former telephone exchange that was comprehensively redeveloped in 2011 to provide 47,611 sq ft of well specified Grade A offices. The modern spacious office is accessed from Glasshouse Yard through an impressive double height glazed reception. 26-28 Glasshouse Yard is arranged over lower ground, ground and 1st to 6th floors. The upper floors are bright, spacious and have fantastic views of the historic grade 1 listed Charterhouse. In addition to this, the 3rd – 6th floors benefit from external terraces. 20-25 GHY comprises of 6,759 sq ft of office accommodation arranged over lower ground, ground and three upper floors. The building was comprehensively refurbished in 2018 inclusive of new M&E and windows. In Dec 2022 all floors were fully fitted and furnished to Cat A+ specification to provide office suites with excellent floor-to-ceiling heights, high quality furnishings, and exposed services.

FOR SALE DETAILS

PRICE

$34,900,000 USD

PRICE/SF

$642 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Glasshouse

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

9

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,435 SF

ZONING

-

APN/PARCEL ID

LN124914,NGL370117

ASK ABOUT THIS PROPERTY

Kyle JossComptonMore Info
808-501-2863

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Kyle JossComptonMore Info
808-501-2863

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.