New Penderel House
283-288 High Holborn
London
WC1V 7HP
Freehold Central London Office Investment
- Freehold
- Substantial Central Freehold Office Investment
- Situated 300 metres from both Chancery Lane and Holborn Underground Stations
- Ground and basement let to JD Wetherspoon plc until 2037 (No Breaks)
- 8 floors of Multi Let Offices
- Average passing rent of £42.20 per sq ft offer significant potential for rental growth.
- 80% of the office leases expire during 2023 & 2024, all office leases are outside the security of tenure provisions of the Landlord and Tenant Act 1954
- Approximately 3,457 sq m (37,219 sq ft)
- Asset management opportunities, including lease renewals, refurbishment of the reception and office space and potential massing, terracing and alternative use options subject to planning
- Historic Planning Consent granted for an additional floor of Office accommodation
- Offers in excess of £27,500,000 (4.94% Net Initial Yield and a Capital Value of £739 per sq ft)
- Rent
£1,449,657 per Annum Exclusive - Status
Available - Price*
£27,500,000+ - Sector
Office
* More information on the term "price" can be found here