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77 Bastwick St 16,837 SF 82% Leased Office Building London EC1V 3PZ $14,024,684 ($832.97/SF) 8.90% Cap Rate
Executive Summary
The property is currently multi-let to three tenants with a single floor vacant. The current income produces an annual rent of £796,047 pa, reflecting a low passing rent of £57.92 per sq ft.
Offers are invited in excess of £10,500,000, subject to contract and exclusive of VAT. Pricing at this level reflects a topped-up net initial yield of 8.90% (assuming purchaser’s costs of 6.8%) and a low capital value of £624 per sq ft.
Property Facts Sale Pending
Amenities
- Energy Performance Rating - C
- Roof Terrace
- Bicycle Storage
- Demised WC facilities
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Reception
- Shower Facilities
- Hardwood Floors
- Air Conditioning
- Balcony
- Raised Floor System
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
A 1960’s office building which provides a great open floor plate with excellent natural daylight and dual aspect windows running the entire length of the floor on both elevations.The first floor will be refurbished to provide a fully fitted and furnished workspace, including meeting rooms, breakout spaces and a fully fitted kitchen.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,092 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 3,092 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 3,092 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
A 1960’s office building which provides a great open floor plate with excellent natural daylight and dual aspect windows running the entire length of the floor on both elevations.The first floor will be refurbished to provide a fully fitted and furnished workspace, including meeting rooms, breakout spaces and a fully fitted kitchen.
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77 Bastwick St
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