Major Freehold Office/Retail Investment
Major Freehold Office/Retail Investment
The building fronts Castle Court and Bengal Court, both of which provide access to Cornhill via Birchin Lane. Access can also be gained via St Michaels Alley directly to the east of the property. Nearby occupiers include UBS, Aviva, Legal & General, Louis Vuitton, Starbucks, TM Lewin, Mont Blanc and Gucci.
Freehold.
The building fronts Castle Court and Bengal Court, both of which provide access to Cornhill via Birchin Lane. Access can also be gained via St Michaels Alley directly to the east of the property. Nearby occupiers include UBS, Aviva, Legal & General, Louis Vuitton, Starbucks, TM Lewin, Mont Blanc and Gucci.
Freehold.
The property is an attractive Grade II Listed Building comprising retail and office accommodation on the ground floor with office accommodation on basement and first to fourth floors. The office accommodation benefits from central heating, part secondary glazing and a passenger lift.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property is an attractive Grade II Listed Building comprising retail and office accommodation on the ground floor with office accommodation on basement and first to fourth floors. The office accommodation benefits from central heating, part secondary glazing and a passenger lift.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Basement Ground Ground First Second Third Fourth |
Meeting/Kitchen Offices Retail Offices Offices Offices Offices |
41.70 sq m 42.03 sq m 14.70 sq m 56.80 sq m 58.40 sq m 61.80 sq m 48.80 sq m |
(449 sq ft) (452 sq ft) (158 sq ft) (611 sq ft) (629 sq ft) (665 sq ft) (525 sq ft) |
M M & K LIMITED (1) |
25 years from 25/12/1990 on a full repairing and insuring lease (2)(3) | £129,802 | 12/2010 (24/12/2015) |
| Totals | 324.23 sq m |
(3,489 sq ft) |
£129,802 | ||||
(1) M M & K is a leading independent consultancy specialising in the planning, design and implementation of pay and reward strategies. (Source: mm-k.com) For the year ended 30th September 2009, M M & K Limited reported a turnover of £1,573,000, pre-tax profits of £112,000 and a total net worth of £638,000. (Source: riskdisk.com)
(2) The tenant has sub-let the retail unit to an individual on the ground floor and the entire third floor to The Association of Foreign Banks.
(3) The Auctioneers have been informed that the tenant has been in occupation since the start of the lease in 1990.
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