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

Prime Midtown Office Investment

Sold

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Type: offices

Floor Area (FT2): 8,203

Tenure: Freehold

Floor Area (M2): 762.07

Price: Offers in excess of £7m

Contact

Ken Morgan – agent
  • Ken Morgan
Phone Number:
020 7079 1953
email
Matt Hunter
  • Matt Hunter
Phone Number:
020 7079 1954
email
Sam Hume-Kendall
  • Sam Hume-Kendall
Phone Number:
020 3846 3105
email
Tom Cole
  • Tom Cole
Phone Number:
020 7079 1947
email
  • 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%.
Please download the PDF for further information.