1. Realla
  2. Conventional offices for sale
  3. London
  4. Barbican
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Conventional offices for sale in Barbican

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4 conventional offices

  1. 11 Ironmonger Lane, London EC2V 8EY

    Office for sale

    £18,200,000

    1,933 to 3,012 sq ft ~18 to 28 people

    • Air conditioning
    • Grade II
    • Lift
    • Modern
    • Raised floor

    Freehold.
    • Core City of London location, approximately 150 metres away from the Bank of England and in close proximity to other notable landmarks, including The Royal Exchange, Mansion House, Guildhall and St Paul's Cathedral.
    • Situated between two of the City's most famous streets: Gresham Street and Cheapside.
    • Grade II listed.
    • The property comprises 20,326 sq ft (1,888.3 sq m) of modern office, reception and ancillary accommodation behind an attractive, period façade, arranged over basement, ground and six upper floors.
    • The building provides regular-shaped, well-lit floorplates ranging from 1,933 sq ft to 3,012 sq ft.
    • Multi let to six tenants from a variety of different sectors.
    • The property has a WAULT of 4.3 years to lease expiries and 2.0 years to breaks.
    • The tenancies produce a total rent of £978,281 per annum (inclusive of vendor top ups), equating to an attractive low passing rent of only £50.48 per sq ft overall. This compares favourably to prime City rents which are currently in excess of £65.00 per sq ft.
    • All leases are held outside of the security of tenure and compensation provisions of the Landlord and Tenant Act 1954.
    • Potential asset management opportunities in the short to medium term to add value and enhance the running yield.
    • We are instructed to seek offers in excess of £18,200,000 (Eighteen Million, Two Hundred Thousand Pounds), subject to contract and exclusive of VAT, for the freehold interest. A purchase at this level reflects an attractive net initial yield of 5.03% and a capital value of £895 per sq ft, assuming purchaser's costs of 6.80%.

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See the latest Barbican office listings from across the market. Currently there are 4 available conventional offices in Barbican. 11 Ironmonger Lane, London EC2V 8EY is the latest office for sale (1,933 to 3,012 sq ft).

Start a new search to search for other commercial properties for sale in Barbican or to find conventional offices for sale in other areas.

Realla operates a heavily trafficked listing service for Barbican conventional offices and other markets in the UK with more than £6 billion of commercial property for sale and 12 billion sq. ft. of commercial property space for lease. Realla also attracts a large community of Barbican commercial real estate professionals with 1,000s of members comprised of agents, corporate executives, service providers, and more than 1 million buyers, tenants and other principals throughout the UK.

Realla.co - for all your Barbican commercial property for sale needs.