89-91 Gresham Street, London, EC2V 7NQ
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REF NUMBER: AI118775
89-91 Gresham Street, London, EC2V 7NQ
Agent's Details
Sam Hume-Kendall
T: 07597 103 955
James Nicholls
T: 07503 300 415
14,499 SqFt
(1,347 SqM)
For Sale £
- Core City of London location
- Unrivalled transport links
- Grade II Listed building
- Comprehensively refurbished
- Gross passing rent £759,269 pa
- Long leasehold
89-91 Gresham Street is a prime and highly prominent building comprising 14,499 sq ft (1,347 sq m) of office, bar/restaurant and ancillary accommodation over lower ground, ground and 5 upper floors.
The bar/restaurant is let until April 2036 (13.5 years term certain) to New World Trading Company (UK) Ltd (t/a The Trading House) at a current passing rent of £155,000 per annum reflecting only £33.00psf overall.
The 1st and 3rd floors totalling 4,364 sq ft (405.4 sqm) are currently available to let having undergone a recent CAT A refurbishment providing the opportunity to either let in existing condition or undertake CAT B works and capture new headline rents for the building. Landlord to provide 12 month rental guarantees of £65.00 psf (1st floor) and £62.50 psf (3rd floor).
The 2nd, 4th and 5th floors are let to two office tenants at a passing rent of £326,124 per annum reflecting a passing rent of £66.75 psf overall.
Offers are invited for the long leasehold interest, subject to contract and exclusive of VAT.