Documents
Key Facts
Property Reference Number | 10033585632 |
Building Area |
|
Property Description
Prime refurbished Covent Garden opportunity with 9 year plus income and opportunity to drive strong Cash on Cash returns
Investment Highlights
- The property is a Headquarters office building, with three self-contained retail units located moments from Covent Garden Piazza. It comprises of a total of 37,781 sq ft of which 30,549 sq ft are offices, now the subject of a comprehensive Landlord funded Grade A refurbishment
- The floor plates are circa 5,000 sq ft and well configured offering high levels of natural light and impressive views over the Thames from the upper floors
- The building benefits from outstanding transport links with six Underground and Two National Rail Stations located under 0.5 miles away
- The offices are fully let to CVC Advisers a D&B 4A1 rated private equity firm and long term Covent Garden occupier until January 2030, offering over 9 years of income with no breaks for 86% of the income
- There is a floor by floor rent review in 2025, a year with no significant development forecast creating strong conditions for rental growth
- Using indicative debt terms provided by JLL Debt Advisory an attractive cash on cash return of in excess of 6.25% can be generated (further details available on request)
- The property is held long leasehold from the Duchy of Lancaster for a further 130 years at a peppercorn rent
- We are instructed to seek offers for the Luxembourg SPV that holds the long leasehold interest in excess of £62,000,000 (Sixty Two Million Pounds), subject to contract, reflecting a net initial yield of 4.23% assuming 1.80% purchaser’s costs


Interested in this property?
Please fill out the form below
Similar Properties
View more
Office
20 Golden Square
UK - London
Office
Capital House
UK - London
Office
Old Sorting House - London - 2019
UK - London
Office
Go-Ahead House, Croydon
UK - Croydon
Office
Centenary House, Basingstoke
UK - Basingstoke
Office
The Parks Business Park, Haydock (Unit 18 & Unit 20)
UK - Warrington
Office
Royal Hibernian Way, Dawson Street , Dublin 2
Ireland - Dublin
Office
Standard Bank House, Douglas, Isle of Man
Isle of Man - Douglas
Office
DCB - M1 - 2020
FR - Lyon
Office
50 Ann Street, Brisbane
AU - Brisbane
Office
Five Post Oak Park
US - Houston, TX
Office
32-36 York Street, Sydney
AU - Sydney
Office
570 Wellington St, Perth - HBF House - Sale
AU - Perth
Office
241 O'Riordan Street, Mascot 2021
AU - Mascot
Office
Headquarters Building in Kuala Lumpur
Malaysia - Kuala Lumpur
Office
Scarborough House - 8 Atlantic Street, Phillip
AU - Phillip
Office
63 Exhibition Street, Melbourne
AU - Melbourne
Office
388 Lonsdale Street
AU - Melbourne
Office
Irvine Corporate Center
US - Santa Ana, CA
Office
Brea Corporate Plaza
US - Brea, CA
Office
FDS Asurion
US - Antioch, TN
Office
16-Storey Office Building along Jalan Tun Razak
Malaysia - Kuala Lumpur
Office
Colombo 98
Italy - Roma
Office
BlueCross Blue Shield of Illinois Multipurpose Solution Center
US - Chicago, IL
Office
5550 Macadam
US - Portland, OR
Office
101 Sturt Street, Townsville
AU - Townsville City
Office
1820 E. 1st Street - Midtown Plaza
US - Santa Ana, CA
Office
1922 Logan Road
AU - Upper Mount Gravatt
Office
45 Wangaratta Street, Richmond
AU - Richmond