10 Northumberland Alley, London, EC3N 2EJ

SUMMARY

* Opportunity to acquire a vacant office building with significant asset management potential.

LOCATION

* The property is located on Northumberland Alley between Fenchurch Street and Crutched Friars, close to the insurance district on the eastern side of the City of London.

* Fenchurch Street mainline station is less than 200m to the south, and both Aldgate and Tower Hill Underground stations are also within a short walk. Northumberland Alley is also within easy reach of Leadenhall Market, Liverpool Street and Spitalfields.

DESCRIPTION

* The property comprises a rarely available city centre character building extending to approximately 166.71 sqm (1,794.45 sqft) over five floors. Comprehensively refurbished by the vendor in 2019, it presents an exciting opportunity for occupiers and investors to acquire a city centre building.

* The property is arranged to provide ground, first, second & third floor office accommodation. The lower ground is arranged as a break-out area, together with a kitchen.

* Floor Areas (NIA) (1)
o Third Floor - 34.17 sqm (367.8 sqft)
o Second Floor - 33.56 sqm (361.27 sqft)
o First Floor - 33.41 sqm (359.62 sqft)
o Ground Floor - 29.17 sqm (313.98 sqft)
o Lower Ground Floor - 36.4 sqm (391.8 sqft)

o Total - 166.71 sqm (1,794.45 sqft)
(1) Areas have been provided by the vendor.

* The property may benefit from a variety of alternative uses, subject to all necessary consents & permissions. Interested parties are to rely on their own enquiries.

* The office is currently vacant.

* We are of the opinion that the office space in the local area would be able to achieve £50 - £60 per sqft given market conditions and evidence from rented office space.

TERMS

* The property is not elected for VAT.

* The property is available freehold.

* Offers in excess of £1,100,000