Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 200000069882
Building Area

Property Description

Capital House is prominently positioned in the heart of the City Core on one of London’s most prestigious addresses, overlooking Bank Junction and 100 metres from the Bank of England.

 

The property occupies a prominent freehold island site of 0.486 acres, comprising 125,590 sq ft of Grade A office, retail and ancillary accommodation arranged over basement, lower ground, ground and eight upper floors.

Investment Highlights

  • Freehold 0.486 acre island site
  • City Core location 100 metres from the Bank of England
  • Developed in 2003 with over 50% of the offices refurbished in the last 5 years
  • High quality self-contained Grade A office building comprising 125,590 sq ft (11,667.7 sq m) of office, retail and ancillary accommodation arranged over basement, lower ground, ground and eight upper floors
  • Attractive regular floorplates ranging from 7,885 - 14,206 sq ft (NIA) with two striking roof terraces overlooking Bank Junction and the Tower Cluster
  • Multi-let to seven office and three retail tenants providing a diverse tenant mix, including Trading Technologies, Alpha Bank, Beale & Co and Advanz Pharma
  • Wired Certified Gold, demonstrating its superb digital infrastructure and connectivity
  • WAULT of 2.6 years to earliest determination and 5.4 years to expiries
  • Passing rent (including vendor rental cover) of £6,873,262 per annum, reflecting a highly reversionary rent of £54.73 per sq ft overall
  • Asset management opportunities to further enhance value through lease expiries, re-gears, rent reviews and letting of vacant space
  • Offers are invited for the freehold interest in Capital House, subject to contract, and exclusive of VAT


Last Updated Date: 23 Nov 2020
Rob Jackson
Robert Jackson
Head of City Capital Markets
Thurstan Guthrie-Brown
Thurstan Guthrie-Brown
Director - City Capital Markets

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Last Updated Date: 23 Nov 2020

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