Abacus House, 33 Gutter Lane, City of London, EC2V 8AR

We have been instructed to market the freehold interest in Abacus House, a prime City core investment opportunity with significant refurbishment / redevelopment potential.
The key highlights are as follows:
Freehold Prime City core location situated between Gresham Street and Cheapside 64,986 sq ft (6,037.5 sq m) of high specification office and ancillary accommodation arranged over basement, lower ground, ground and seven upper floors with a wine bar at lower ground floor Single let to Schroder Investment Management Limited on a full repairing and insuring lease expiring August 2015 Total rent passing of 3,400,000 per annum reflects 55.26 per sq ft overall on offices Various asset management options following Schroder lease expiry in 2015 Delivery of the refurbishment scheme coincides with widely forecast high-point in City rental cycle
We are instructed to seek offers in excess of 40,000,000 (Forty Million Pounds), subject to contract and exclusive of VAT, which reflects an attractive net initial yield of 8.03% (assuming purchasers costs of 5.8%) and a capital value of 616 per sq ft overall.

Location