We are instructed to seek offers in excess of £9,500,000. A purchase at this level reflects a net initial yield of 6.41% and a capital value of £761 per sq ft (assuming purchaser’s costs of 6.80%). Notcutt House is single-let to flexible office provider Queen Street Business Centre Limited, guaranteed by The Boutique Workplace Company Limited at a net passing rent of £650,000 per annum reflecting a reversionary £52.05 per sq ft overall. A reversionary lease was entered into in November 2023 with a completion date in September 2027 and expiring in September 2037, therefore presently having close to 13 years unexpired. There are rent reviews in September 2027 and 2032.