Mintel House
4 Playhouse Yard
London
EC4V 5EX

Highly Reversionary Leasehold Investment

  • Entirely let to Mintel Group Limited until December 2027
  • Important 2025 rent review (rent last reviewed in 2004)
  • Substantial office building comprising approximately 17,656 sq ft
  • City of London location close to Fleet Street, St Paul’s Cathedral and Blackfriars Station
  • Rent: £241,900 p.a.x (gross) £241,150 p.a.x (net)
  • Lot
    17
  • Auction
    14/Feb/2018
  • Rent
    £241,900 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,810,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Colliers Capital
Important Property Update
  • Mintel House<br>4 Playhouse Yard<br>London<br>EC4V 5EX
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
325 metres south west of St Pauls Cathedral
Roads
A1, A4
Rail
City Thameslink & Blackfriars Undergorund (Circle & District Lines)
Air
Heathrow and London City Airport
Situation

The property occupies a prominent position in Playhouse Yard, in the heart of the City of London's professional district, just north of Queen Victoria Street. Blackfriars Underground Station is located a short walk away providing Thameslink, Southeastern and Circle & District Line services. St Paul's Cathedral is located 325 metres north-east of the property. Nearby office occupiers include Avanti Communications Group, Newton Investment Management, Dechert LLP and JP Morgan.

Tenure

Leasehold. Held from The Worshipful Society of Apothecaries for a term of 99 years expiring 31/12/2027 at a fixed rent of £750 per annum.

Description

The property comprises a six storey office building arranged over ground, basement, first, second, third and fourth floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
Basement
First
Second
Third
Fourth
Office/Ancillary
Plant
Office
Office
Office
Office
428.74 sq m
33.16 sq m
366.87 sq m
382.01 sq m
287.07 sq m
142.42 sq m
(4,615 sq ft)
(357 sq ft)
(3,949 sq ft)
(4,112 sq ft)
(3,090 sq ft)
(1,533 sq ft)
MINTEL GROUP
LIMITED (1) on
assignment from
Euromoney
Institutional Investor
Plc (2)
65 years from
25/12/1962 until
24/12/2027 on a
full repairing and
insuring lease
£241,90025/12/2025
Total
1,640.27 sq m
(17,656 sq ft)
  £241,900 

(1) For the year ending 30 September 2016, Mintel Group Limited reported a turnover of £95,857,626, pre-tax profits of £17,095,951 and a total net worth of £3,092,933 (Source: Experian Group 15/01/2018). Mintel is the world’s leading market intelligence agency, with offices in London, Chicago, Shanghai, Belfast, Kuala Lumpur, Mumbai, Düsseldorf, New York, São Paulo, Singapore, Sydney, Tokyo and Toronto (Source: www.mintel.com 15/01/2018).
(2) Euromoney Institutional Investor Plc was founded in 1969 and is an international business-information group listed on the London Stock Exchange, with more than 2,000 employees worldwide and a portfolio of over 30 businesses spanning price reporting, investment research, news and market analysis, and industry forums, institutes and events. (Source: www.euromoneyplc.com 15/01/2018).
For the year ending 30 September 2017, Euromoney Institutional Investor Plc reported a turnover of £386m, pre-tax profits of £40.6m and shareholders’ funds of £287.6m. The company had a market capitalisation of £1.3bn as of 16/01/2018 (Source: Euromoney Institutional Investor PLC Annual Report and Accounts 2017 18/01/2018).

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    6 MB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    155 KB
    View JPG
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Edwin Coe 2 Stone Buildings, Lincolns Inn
London
WC2A 3TH
Philip Boursnell 0207 691 4130philip.boursnell@edwincoe.com

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