Totara Park House, 34-36 Gray’s Inn Road, London WC1X 8HR
Prime Midtown Office Investment
- 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.
- 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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