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Office for sale

5 Prescot Street, London, United Kingdom E1 8AY

Sold STC £3,150,000
5,289 sq. ft.

Property Description

Commercial information

  • 5,289 sq ft (491 sq m)

Key features

  • Occupying a prominent position on the corner of Prescot Street and Leman Street.
  • Virtual Freehold.
  • Sought after location popular with professional, technology and creative occupiers.
  • Total accommodation of 5,289 sq ft at raised ground floor level.
  • Vacant possession as of 27th August 2015.
  • Local evidence to support rents in excess of 40 psf.
  • Rapidly changing location with numerous mixed-use schemes being built in the vicinity.
  • Suitable for a range of purchasers including owner occupiers and investors.
  • Asset management opportunity to enhance value by refurbishing premises.

Full description

Seeking offers in excess of £3 million for the virtual Freehold interest. A purchase at this level represents a low capital value of £567 psf.\n\nThe building is elected for VAT.

Map & Street View

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