Ludgate Square, London, EC4M

The subject property comprises the basement element of a traditional mews office that has otherwise been converted to residential use on the ground and upper parts.
The premises has its own access off Ludgate Square, with the front doors opening onto a direct staircase down to a basement foyer with lift access.
The property is currently laid out as a main open plan office area with six meeting rooms. There are shower facilities and a small kitchenette at the rear of the office. The space also benefits from a significant light-well and some outdoor space.
Total area is 1,550 sq ft of net lettable area.

The subject property has been let to Vinci Construction Management Limited for a term of five years from 15th September 2024 subject to a tenants break option at the end of year 3 (15th September 2027). The passing rent has been agreed at £72,000pa. The lease is Outside the Landlord and Tenant Act 1954. This breaks back to a passing rent per square foot of £46.45.
Vinci use the property a site office hub for all of their London developments, allowing private space for their various teams to undertake meetings. They have recently re-geared their lease reflecting the importance of this space to them.

Quote Reference: 634980