Totara Park House, 34-36 Gray’s Inn Road, London WC1X 8HR

A prominently located multi-let office building situated in a prime Midtown location on the junction of Gray’s Inn Road and Brooke’s Court.
In close proximity to Chancery Lane Underground Station and Farringdon Station.
Freehold.
8,203 sq ft of prime office accommodation arranged over lower ground, ground and five upper floors.
Multi Let to five tenants producing an income of £373,526 per annum (£45.54 psf overall).
WAULT of 4.87 years to expiry and 3.97 years to break.
Asset management opportunities to refurbish individual floors to increase rental value.
Offers are sought in excess of £7,000,000 (Seven Million Pounds) for the Freehold interest in the property, subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 5% and a Capital Value of £853.35 per sq ft assuming purchasers costs of 6.65%.

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