44 Featherstone St - Office FOR SALE


London, LND EC1Y 8RN
$50,000,000 USD
204-572-1696
44 Featherstone St, London, LND for Sale
$50,000,000 USD
Office - FOR SALE
1/50
null | 6.26% Cap Rate

44 Featherstone St
London, LND EC1Y 8RN


HIGHLIGHTS

  • Located between Old Street and Finsbury Square
  • Script occupies a prime position at the heart of London’s pioneering Creative and Tech district
  • The immediate surroundings provide a wide variety of amenities, including the renowned Whitecross Street Market

OVERVIEW

A 52,000 sq ft comprehensively refurbished and extended office building, which completed in 2021. Modern office specification boasting excellent ESG credentials with BREEAM Excellent and EPC B. 44 Featherstone Street is held Freehold on a site of 0.2 acres. Offers are invited in excess of £50,000,000 for the Freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 6.26% and a capital value of only £961 per sq ft (assuming purchaser’s costs of 6.80%).

FOR SALE DETAILS

PRICE

$50,000,000 USD

PRICE/SF

$961 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Script

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

AGL277490,AGL298563,AGL298564,AGL352916,AGL612420,LN194908

ASK ABOUT THIS PROPERTY

Kyle JossComptonMore Info
204-572-1696

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Kyle JossComptonMore Info
204-572-1696

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