Office for sale
Property description & features
- Tenure: Leasehold
- Newly Built, High Yielding Office Investment For Sale
- Located in the heart of Whitechapel forming part of an exemplar mixed use development
- 200m from Whitechapel Underground, Overground and Elizabeth line station
- Adjacent to the emerging Whitechapel Life Sciences Cluster, The Royal London Hospital & Tower Hamlets Town Hall
- Subject to full landlord Cat B fit out delivering striking, media style offices, total NIA of 3,393 sq.ft
- Single let to national charity, Centre for Civil Society until February 2033 without breaks
- Total rents reserved of £167,953 per annum exclusive
- Offers invited in excess of £1,600,000 representing a very attractive 9.85% Net Initial Yield
The property forms part of the commercial element of The Silk District, an exemplary mixed use development by Mount Anvil and L&Q of some 700 apartments and a range of office space configured in three blocks around beautifully landscaped public realm areas.
The subject office space forms the ground floor of Jacquard Point located on the north west corner of the scheme just off Raven Row and was subject to an extensive full Cat B fit out for the tenant in early 2023 with full exposed ducted VRF air conditioning and fresh air ventilation, raised access flooring, linear LED lighting, fitted WCs, fitted kitchen and a range of meeting rooms.
The property is subject to single lease to national charity, Centre for Civil Society, for a terms expiring February 2033 (without breaks) at a rent of £167,953 per annum exclusive. See marketing brochure for further details.
Location
The Silk District is located at the heart of the fashionable neighbourhood of Whitechapel and a short distance from the UK's financial powerhouse of the City of London just to the west.
Whitechapel Station (District and Hammersmith & City Underground Lines, London Overground and the Elizabeth Line) is situated approximately 200 metres to the north offering excellent connectivity and short journey times into the City, West End, Canary Wharf & Shoreditch.
The scheme lies adjacent to the emerging Whitechapel Life Sciences Cluster, with the Royal London Hospital, Tower Hamlets Town Hall and Queen Mary University of London research & teaching space all being close by.
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