Industrial for sale in Gresham Street, London EC2V

POA
Interested in this property? Call +44 20 8166 2943 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Industrial for sale 14,499 sq. ft*

Property description

Key Points

  • Core City of London location
  • Unrivalled transport links
  • Grade II Listed building
  • Comprehensively refurbished
  • Gross passing rent £759,269 pa
  • Long leasehold
  • Description

    89-91 Gresham Street is a prime and highly prominent building comprising 14,499 sq ft (1,347 sq m) of office, bar/restaurant and ancillary accommodation over lower ground, ground and 5 upper floors.
    The bar/restaurant is let until April 2036 (13.5 years term certain) to New World Trading Company (UK) Ltd (t/a The Trading House) at a current passing rent of £155,000 per annum reflecting only £33.00psf overall.
    The 1st and 3rd floors totalling 4,364 sq ft (405.4 sqm) are currently available to let having undergone a recent cat A refurbishment providing the opportunity to either let in existing condition or undertake cat B works and capture new headline rents for the building. Landlord to provide 12 month rental guarantees of £65.00 psf (1st floor) and £62.50 psf (3rd floor).
    The 2nd, 4th and 5th floors are let to two office tenants at a passing rent of £326,124 per annum reflecting a passing rent of £66.75 psf overall.
    Offers are invited for the long leasehold interest, subject to contract and exclusive of VAT.

    Location

    89-91 Gresham Street is located in the core of the City of London and occupies a prominent position on the north side of Gresham Street within close proximity to both the Bank of England (75m) and St Paul’s Cathedral (450m). Other major City of London landmarks including Guildhall (120m), Mansion House (200m), The Ned (200m) and Bloomberg Place (200m) are all within short walking distance.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Avison Young - London Markets, EC2V on +44 20 8166 2943 * (local rate)

    Contact Avison Young - London Markets about this property

    Enter details
      Morning (8am-noon)
      Afternoon (noon-5pm)
      Evening (5pm-9pm)
    1. Characters remaining: 500

    By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Avison Young - London Markets, and do not constitute property particulars. Please contact Avison Young - London Markets for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

    Properties on the market nearby

    15 more properties like this

    View all EC2V commercial properties for sale